B. Riley Comments on Taylor Morrison Home Corporation’s Q1 2018 Earnings (TMHC)

Taylor Morrison Home Corporation (NYSE:TMHC) – B. Riley issued their Q1 2018 earnings per share estimates for Taylor Morrison Home in a report released on Thursday. B. Riley analyst A. Rygiel expects that the construction company will post earnings of $0.39 per share for the quarter. B. Riley currently has a “Neutral” rating and a $29.00 price target on the stock. B. Riley also issued estimates for Taylor Morrison Home’s Q2 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.94 EPS, FY2018 earnings at $2.63 EPS and FY2019 earnings at $2.88 EPS.

A number of other research firms also recently issued reports on TMHC. BidaskClub downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. ValuEngine downgraded Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Wells Fargo & Co upgraded Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Friday, January 5th. JMP Securities upgraded Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Thursday. Finally, UBS Group upgraded Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Taylor Morrison Home presently has a consensus rating of “Buy” and a consensus price target of $28.22.

Taylor Morrison Home (NYSE TMHC) opened at $24.10 on Friday. The stock has a market capitalization of $3,000.88, a P/E ratio of 16.39, a P/E/G ratio of 0.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. Taylor Morrison Home has a 12 month low of $18.41 and a 12 month high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.63 EPS.

Taylor Morrison Home announced that its board has approved a stock repurchase plan on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total transaction of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of TMHC. Ameritas Investment Partners Inc. lifted its holdings in shares of Taylor Morrison Home 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 buying an additional 2,060 shares during the period. Nordea Investment Management AB acquired a new stake in shares of Taylor Morrison Home in the 2nd quarter valued at approximately $192,000. Dean Capital Investments Management LLC acquired a new stake in shares of Taylor Morrison Home in the 4th quarter valued at approximately $218,000. Victory Capital Management Inc. lifted its holdings in shares of Taylor Morrison Home by 37.3% in the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares during the period. Finally, Optimum Investment Advisors acquired a new stake in shares of Taylor Morrison Home in the 3rd quarter valued at approximately $225,000. 57.67% of the stock is owned by institutional investors.

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About Taylor Morrison Home

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 (NYSE:TMHC)

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