Taylor Morrison Home (NYSE:TMHC) Issues Earnings Results

Taylor Morrison Home (NYSE:TMHC) announced its earnings results on Wednesday. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.40 by $0.24, Zacks reports. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%.

Taylor Morrison Home Stock Down 0.2 %

TMHC stock traded down $0.11 during mid-day trading on Wednesday, hitting $62.28. The stock had a trading volume of 485,088 shares, compared to its average volume of 912,378. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a 1-year low of $52.72 and a 1-year high of $75.49. The company has a fifty day moving average of $63.96 and a 200 day moving average of $66.43. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 8.20 and a beta of 2.03.

Insiders Place Their Bets

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the transaction, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This represents a 1.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TMHC shares. JPMorgan Chase & Co. lowered their price target on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 13th. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a report on Monday, January 27th. BTIG Research upped their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Wedbush raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the company from $65.00 to $85.00 in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus price target of $84.00.

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.