FY2017 EPS Estimates for Taylor Morrison Home Corp (TMHC) Reduced by Gabelli

Taylor Morrison Home Corp (NASDAQ:TMHC) – Stock analysts at Gabelli lowered their FY2017 earnings per share (EPS) estimates for Taylor Morrison Home Corp in a research note issued to investors on Thursday. Gabelli analyst A. Lacayo now anticipates that the construction company will post earnings per share of $1.95 for the year, down from their previous estimate of $2.05. Gabelli also issued estimates for Taylor Morrison Home Corp’s FY2018 earnings at $2.25 EPS and FY2019 earnings at $2.45 EPS.

TMHC has been the subject of several other reports. Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. B. Riley reissued a “neutral” rating on shares of Taylor Morrison Home Corp in a report on Thursday. Deutsche Bank AG lifted their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 7th. Finally, ValuEngine downgraded shares of Taylor Morrison Home Corp from a “strong-buy” rating to a “buy” rating in a report on Thursday. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.00.

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Taylor Morrison Home Corp (NASDAQ:TMHC) opened at $22.96 on Monday. Taylor Morrison Home Corp has a 1-year low of $17.39 and a 1-year high of $24.79.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm had revenue of $908.00 million during the quarter, compared to the consensus estimate of $914.19 million. During the same period last year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.

Taylor Morrison Home Corp announced that its Board of Directors has approved a stock repurchase program on Monday, September 18th that allows the company to buyback $43.60 million in shares. This buyback authorization allows the construction company to buy up to 2.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other Taylor Morrison Home Corp news, insider C. David Cone sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $23.79, for a total value of $832,650.00. Following the completion of the sale, the insider now owns 42,511 shares in the company, valued at approximately $1,011,336.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in Taylor Morrison Home Corp by 62.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after acquiring an additional 2,060 shares in the last quarter. UBS Group AG increased its position in Taylor Morrison Home Corp by 4.7% in the 1st quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after acquiring an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Taylor Morrison Home Corp by 20.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock valued at $154,000 after acquiring an additional 1,110 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Taylor Morrison Home Corp by 52.9% in the 2nd quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock valued at $165,000 after acquiring an additional 2,382 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in Taylor Morrison Home Corp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,429 shares of the construction company’s stock valued at $178,000 after acquiring an additional 1,114 shares in the last quarter.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

Earnings History and Estimates for Taylor Morrison Home Corp (NASDAQ:TMHC)

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