Taylor Morrison Home (TMHC) Projected to Post Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC) is projected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $2.40 per share and revenue of $2.13 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Taylor Morrison Home Stock Up 0.9 %

Taylor Morrison Home stock opened at $62.16 on Tuesday. 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 firm’s fifty day simple moving average is $64.18 and its 200-day simple moving average is $66.45. The company has a market capitalization of $6.43 billion, a P/E ratio of 8.22 and a beta of 2.03.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $75.00 to $90.00 in a research report on Wednesday, December 11th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their target price for the company from $65.00 to $85.00 in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and a consensus target price 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.