Taylor Morrison Home Corp (TMHC) Expected to Post Earnings of $0.48 Per Share

Equities analysts forecast that Taylor Morrison Home Corp (NYSE:TMHC) will report earnings per share of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.76. Taylor Morrison Home posted earnings per share of $0.77 during the same quarter last year, which would suggest a negative year over year growth rate of 37.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.40. For the next fiscal year, analysts expect that the firm will post earnings of $2.82 per share, with EPS estimates ranging from $2.55 to $3.08. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Taylor Morrison Home had a net margin of 5.34% and a return on equity of 11.21%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 EPS.

Several research firms have commented on TMHC. Wells Fargo & Co set a $24.00 price objective on shares of Taylor Morrison Home and gave the company a “buy” rating in a report on Thursday, November 1st. Citigroup reaffirmed a “buy” rating and set a $19.00 price objective (down from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Zacks Investment Research raised shares of Taylor Morrison Home from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Tuesday, October 16th. TheStreet downgraded shares of Taylor Morrison Home from a “b-” rating to a “c+” rating in a report on Monday, October 15th. Finally, Deutsche Bank upped their price objective on shares of Taylor Morrison Home from $14.00 to $16.00 and gave the company a “hold” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.78.

Shares of NYSE:TMHC traded down $0.19 during midday trading on Friday, reaching $16.72. The company had a trading volume of 24,632 shares, compared to its average volume of 1,181,114. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 7.58. The company has a market capitalization of $2.01 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.29. Taylor Morrison Home has a 52-week low of $14.73 and a 52-week high of $28.42.

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Bank of Australia purchased a new stake in Taylor Morrison Home in the third quarter worth approximately $137,000. Rehmann Capital Advisory Group boosted its stake in Taylor Morrison Home by 1,703.9% in the third quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock worth $309,000 after buying an additional 5,265 shares in the last quarter. GAM Holding AG purchased a new stake in shares of Taylor Morrison Home during the second quarter valued at approximately $318,000. SG Americas Securities LLC boosted its stake in shares of Taylor Morrison Home by 57.5% during the second quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock valued at $341,000 after purchasing an additional 5,995 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Taylor Morrison Home by 82.1% during the third quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock valued at $382,000 after purchasing an additional 9,562 shares during the period. 93.62% of the stock is owned by institutional investors and hedge funds.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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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Earnings History and Estimates for Taylor Morrison Home (NYSE:TMHC)

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