Equities analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to post $1.46 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Taylor Morrison Home’s earnings. The highest sales estimate is $1.50 billion and the lowest is $1.44 billion. Taylor Morrison Home reported sales of $1.30 billion during the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The business is expected to report its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Taylor Morrison Home will report full year sales of $4.22 billion for the current fiscal year, with estimates ranging from $4.14 billion to $4.27 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, beating the 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 the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 14.1% on a year-over-year basis.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Tuesday, November 6th. Barclays set a $18.00 price target on shares of Taylor Morrison Home and gave the company a “sell” rating in a report on Thursday, November 1st. Wells Fargo & Co set a $24.00 price target on shares of Taylor Morrison Home and gave the company a “buy” rating in a report on Thursday, November 1st. Deutsche Bank lifted their price target on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Citigroup reaffirmed a “buy” rating and set a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Taylor Morrison Home currently has a consensus rating of “Hold” and an average target price of $22.78.
Several hedge funds have recently added to or reduced their stakes in TMHC. Acadian Asset Management LLC purchased a new position in shares of Taylor Morrison Home in the second quarter worth $906,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Taylor Morrison Home by 182.9% in the second quarter. BNP Paribas Arbitrage SA now owns 65,621 shares of the construction company’s stock worth $1,364,000 after buying an additional 42,423 shares in the last quarter. Smith Asset Management Group LP lifted its holdings in shares of Taylor Morrison Home by 4.1% in the second quarter. Smith Asset Management Group LP now owns 87,755 shares of the construction company’s stock worth $1,824,000 after buying an additional 3,424 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Taylor Morrison Home by 119.4% in the second quarter. First Trust Advisors LP now owns 30,808 shares of the construction company’s stock worth $640,000 after buying an additional 16,765 shares in the last quarter. Finally, IndexIQ Advisors LLC lifted its holdings in shares of Taylor Morrison Home by 9.9% in the second quarter. IndexIQ Advisors LLC now owns 93,959 shares of the construction company’s stock worth $1,952,000 after buying an additional 8,473 shares in the last quarter. 93.62% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:TMHC traded up $0.05 during trading hours on Friday, hitting $17.11. 1,390,266 shares of the stock traded hands, compared to its average volume of 1,420,322. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07. Taylor Morrison Home has a 1 year low of $14.73 and a 1 year high of $28.42. The company has a market capitalization of $1.97 billion, a P/E ratio of 8.64, a P/E/G ratio of 0.78 and a beta of 1.29.
About Taylor Morrison Home
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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