Analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to report $0.48 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Taylor Morrison Home’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.76. Taylor Morrison Home posted earnings per share of $0.77 in the same quarter last year, which would indicate a negative year-over-year growth rate of 37.7%. The business is scheduled to announce its next quarterly earnings report on Wednesday, February 6th.
According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.02 to $2.40. For the next financial year, analysts anticipate that the company will report earnings of $2.82 per share, with EPS estimates ranging from $2.55 to $3.08. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last posted its earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The business had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year.
Several analysts have issued reports on TMHC shares. Barclays cut shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and lowered their target price for the stock from $22.00 to $20.00 in a research note on Friday, September 14th. ValuEngine raised shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a report on Friday, September 7th. Deutsche Bank lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating and decreased their price target for the stock from $25.00 to $14.00 in a report on Monday, October 22nd. Citigroup reissued a “buy” rating and issued a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Finally, Wells Fargo & Co set a $24.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Thursday, November 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.78.
Large investors have recently modified their holdings of the company. Commonwealth Bank of Australia bought a new position in shares of Taylor Morrison Home during the 3rd quarter valued at $137,000. Rehmann Capital Advisory Group grew its holdings in shares of Taylor Morrison Home by 1,703.9% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock valued at $309,000 after purchasing an additional 5,265 shares during the last quarter. GAM Holding AG bought a new position in shares of Taylor Morrison Home during the 2nd quarter valued at $318,000. SG Americas Securities LLC grew its holdings in shares of Taylor Morrison Home by 57.5% during the 2nd quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock valued at $341,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Taylor Morrison Home by 82.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock valued at $382,000 after purchasing an additional 9,562 shares during the last quarter. 93.62% of the stock is currently owned by hedge funds and other institutional investors.
NYSE TMHC traded down $0.54 on Friday, hitting $16.63. The stock had a trading volume of 2,730,360 shares, compared to its average volume of 1,181,114. Taylor Morrison Home has a 52-week low of $14.73 and a 52-week high of $28.42. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. The stock has a market capitalization of $2.01 billion, a PE ratio of 8.40, a P/E/G ratio of 0.80 and a beta of 1.29.
Taylor Morrison Home Company Profile
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.
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