Taylor Morrison Home (TMHC) to Release Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC) will release its earnings data 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 registering for the company’s earnings conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate 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

Shares of TMHC stock opened at $70.97 on Monday. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $71.95. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 10.55 and a beta of 1.96. The stock’s fifty day simple moving average is $66.93 and its 200-day simple moving average is $61.39.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was 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 owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was 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 owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,072 shares of company stock worth $2,052,157. 3.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TMHC. Wedbush reiterated a “neutral” rating and set a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Monday, August 19th. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their target price on Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.17.

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.