Taylor Morrison Home (TMHC) to Release Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC) will be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect Taylor Morrison Home to post earnings of $2.06 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.91 by $0.06. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.87 billion. On average, analysts expect Taylor Morrison Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Taylor Morrison Home Stock Performance

NYSE:TMHC opened at $67.64 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.01 and a quick ratio of 0.67. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 10.05 and a beta of 1.96. The firm’s fifty day moving average price is $67.09 and its 200 day moving average price is $61.45. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $71.95.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TMHC. Barclays lifted their target price on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Raymond James started coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price objective for the company. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. BTIG Research raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Monday, August 19th. Finally, Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.17.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director William H. Lyon sold 28,259 shares of Taylor Morrison Home stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total transaction of $1,928,676.75. Following the completion of the transaction, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now directly owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,072 shares of company stock worth $2,052,157. 3.50% of the stock is owned by company insiders.

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.