Wedbush Research Analysts Boost Earnings Estimates for TMHC

Taylor Morrison Home Co. (NYSE:TMHC) – Analysts at Wedbush lifted their FY2024 earnings per share estimates for Taylor Morrison Home in a research report issued to clients and investors on Friday, October 25th. Wedbush analyst J. Mccanless now expects that the construction company will earn $8.47 per share for the year, up from their prior estimate of $8.13. Wedbush currently has a “Outperform” rating and a $85.00 target price on the stock. The consensus estimate for Taylor Morrison Home’s current full-year earnings is $8.15 per share. Wedbush also issued estimates for Taylor Morrison Home’s Q1 2025 earnings at $1.85 EPS, Q2 2025 earnings at $2.22 EPS, Q3 2025 earnings at $2.48 EPS, Q4 2025 earnings at $2.95 EPS, FY2025 earnings at $9.47 EPS, Q1 2026 earnings at $1.94 EPS, Q2 2026 earnings at $2.49 EPS and Q3 2026 earnings at $2.83 EPS.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. The business’s revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.62 earnings per share.

A number of other equities analysts also recently commented on the stock. Raymond James initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price on the stock. Barclays increased their price objective on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. StockNews.com raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $75.83.

Taylor Morrison Home Trading Up 0.2 %

TMHC stock opened at $68.52 on Monday. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $71.95. The firm’s 50-day moving average is $67.58 and its 200 day moving average is $61.66. The company has a market capitalization of $7.25 billion, a PE ratio of 9.80 and a beta of 1.96. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67.

Hedge Funds Weigh In On Taylor Morrison Home

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Taylor Morrison Home by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,066,470 shares of the construction company’s stock valued at $59,125,000 after buying an additional 4,638 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Taylor Morrison Home by 271.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 896,032 shares of the construction company’s stock worth $62,955,000 after acquiring an additional 654,541 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Taylor Morrison Home by 7.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 846,270 shares of the construction company’s stock valued at $59,459,000 after acquiring an additional 60,021 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Taylor Morrison Home by 1.5% in the third quarter. Wedge Capital Management L L P NC now owns 738,830 shares of the construction company’s stock valued at $51,910,000 after acquiring an additional 10,911 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its holdings in Taylor Morrison Home by 26.4% in the second quarter. Hodges Capital Management Inc. now owns 447,918 shares of the construction company’s stock worth $24,833,000 after purchasing an additional 93,567 shares during the last quarter. 95.16% of the stock is currently owned by institutional investors.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.