Brokerages forecast that Taylor Morrison Home Corp (NYSE:TMHC) will report earnings per share of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.33 and the highest estimate coming in at $0.54. Taylor Morrison Home reported earnings of $0.76 per share during the same quarter last year, which would suggest a negative year over year growth rate of 42.1%. The business is scheduled to report its next earnings results on Wednesday, July 29th.
According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.51 to $1.93. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.89 per share, with EPS estimates ranging from $2.46 to $3.19. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, May 6th. The construction company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.06. Taylor Morrison Home had a net margin of 3.32% and a return on equity of 12.35%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The company’s revenue for the quarter was up 45.5% on a year-over-year basis.
A number of research analysts recently issued reports on TMHC shares. Zacks Investment Research downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, April 15th. Wells Fargo & Co boosted their target price on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. Royal Bank of Canada reiterated a “buy” rating and set a $18.00 target price on shares of Taylor Morrison Home in a research report on Thursday, March 26th. Barclays reiterated a “hold” rating and set a $15.00 target price on shares of Taylor Morrison Home in a research report on Tuesday, March 31st. Finally, B. Riley lowered their price objective on shares of Taylor Morrison Home from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Taylor Morrison Home presently has an average rating of “Hold” and an average price target of $17.67.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacitti Group Inc. bought a new stake in shares of Taylor Morrison Home in the 4th quarter worth $28,000. US Bancorp DE grew its stake in shares of Taylor Morrison Home by 78.1% in the 1st quarter. US Bancorp DE now owns 2,556 shares of the construction company’s stock worth $28,000 after acquiring an additional 1,121 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Taylor Morrison Home by 2,045.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,240 shares of the construction company’s stock worth $35,000 after acquiring an additional 3,089 shares in the last quarter. Sandy Spring Bank grew its stake in shares of Taylor Morrison Home by 300.0% in the 1st quarter. Sandy Spring Bank now owns 4,000 shares of the construction company’s stock worth $44,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new stake in shares of Taylor Morrison Home in the 1st quarter worth $44,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.
Shares of Taylor Morrison Home stock traded up $1.35 during trading on Wednesday, reaching $19.32. 50,377 shares of the company traded hands, compared to its average volume of 2,107,980. The company has a debt-to-equity ratio of 1.10, a current ratio of 8.01 and a quick ratio of 0.96. Taylor Morrison Home has a 1-year low of $6.39 and a 1-year high of $28.47. The company has a 50 day moving average price of $18.25 and a 200-day moving average price of $19.19. The firm has a market capitalization of $2.39 billion, a PE ratio of 11.48 and a beta of 1.66.
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 and multi-family attached and detached 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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