Wall Street brokerages predict that Taylor Morrison Home Corp (NYSE:TMHC) will announce earnings per share (EPS) of $0.98 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Taylor Morrison Home’s earnings, with estimates ranging from $0.94 to $1.01. Taylor Morrison Home reported earnings per share of $0.86 during the same quarter last year, which would suggest a positive year over year growth rate of 14%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.77 to $2.85. For the next financial year, analysts forecast that the business will report earnings of $3.20 per share, with EPS estimates ranging from $3.15 to $3.25. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Taylor Morrison Home had a net margin of 4.40% and a return on equity of 12.50%. The business’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.83 earnings per share.
A number of equities research analysts have commented on TMHC shares. G.Research restated a “hold” rating on shares of Taylor Morrison Home in a report on Thursday, November 7th. B. Riley set a $29.00 price target on shares of Taylor Morrison Home and gave the stock a “buy” rating in a report on Tuesday, October 15th. Zacks Investment Research cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, ValuEngine cut shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Taylor Morrison Home currently has an average rating of “Hold” and a consensus target price of $24.25.
Several institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its stake in shares of Taylor Morrison Home by 123.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,340 shares of the construction company’s stock valued at $29,000 after buying an additional 740 shares in the last quarter. Penserra Capital Management LLC lifted its stake in shares of Taylor Morrison Home by 25.0% in the third quarter. Penserra Capital Management LLC now owns 4,740 shares of the construction company’s stock valued at $122,000 after buying an additional 948 shares in the last quarter. Huntington National Bank bought a new position in shares of Taylor Morrison Home in the third quarter valued at $26,000. Stifel Financial Corp lifted its stake in shares of Taylor Morrison Home by 1.2% in the third quarter. Stifel Financial Corp now owns 148,512 shares of the construction company’s stock valued at $3,852,000 after buying an additional 1,792 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in shares of Taylor Morrison Home by 875.5% in the third quarter. Quadrant Capital Group LLC now owns 2,507 shares of the construction company’s stock valued at $64,000 after buying an additional 2,250 shares in the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:TMHC traded up $0.46 during trading hours on Wednesday, reaching $25.43. The company had a trading volume of 2,003,179 shares, compared to its average volume of 1,340,734. The company has a quick ratio of 0.61, a current ratio of 7.32 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 13.18 and a beta of 0.77. The business’s 50-day simple moving average is $22.88 and its two-hundred day simple moving average is $23.58. Taylor Morrison Home has a twelve month low of $16.07 and a twelve month high of $28.00.
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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