$1.82 EPS expected for Taylor Morrison Home Co. (NYSE: TMHC) this quarter
Equity research analysts predict that Taylor Morrison Home Co. (NYSE: TMHC – Get a rating) will report earnings of $1.82 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Taylor Morrison Home. The lowest EPS estimate is $1.78 and the highest is $1.89. Taylor Morrison Home reported earnings per share of $0.95 in the same quarter last year, suggesting a positive year-over-year growth rate of 91.6%. The company is expected to announce its next quarterly earnings report on Monday, January 1.
On average, analysts expect Taylor Morrison Home to report annual earnings of $9.19 per share for the current year, with EPS estimates ranging from $8.73 to $9.66. For the next fiscal year, analysts expect the company to post earnings of $9.37 per share, with EPS estimates ranging from $7.78 to $11.05. Zacks earnings per share averages are an average average based on a survey of sell-side research firms that provide coverage for Taylor Morrison Home.
Taylor Morrison House (NYSE: TMHC – Get a rating) last reported results on Wednesday, April 27. The construction company reported earnings per share (EPS) of $1.44 for the quarter, beating analysts’ consensus estimate of $1.26 by $0.18. The company posted revenue of $1.70 billion in the quarter, versus a consensus estimate of $1.65 billion. Taylor Morrison Home had a return on equity of 19.17% and a net margin of 9.53%. The company’s revenue for the quarter increased 20.1% year over year. During the same period last year, the company posted earnings per share of $0.75.
TMHC has been the subject of several recent research reports. B. Riley lowered his price target on Taylor Morrison Home shares from $45.00 to $36.00 and set a “buy” rating on the stock in a Wednesday, April 6 report. Barclays cut Taylor Morrison Home shares from an ‘overweight’ rating to an ‘equal weight’ rating and lowered its price target for the company from $41.00 to $33.00 in a Thursday research note March, 31st. Zacks Investment Research upgraded Taylor Morrison Home shares from a “sell” rating to a “hold” rating in a Tuesday, May 3 research note. StockNews.com began covering Taylor Morrison Home in a research report on Thursday, March 31. They have placed a “holding” rating on the stock. Finally, BTIG Research reduced its price target on Taylor Morrison Home from $40.00 to $35.00 in a Thursday, April 28 research note. Five investment analysts gave the stock a hold rating and three gave the stock a buy rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $33.29.
Institutional investors and hedge funds have recently changed their positions in the stock. Camden Capital LLC increased its holdings of Taylor Morrison Home shares by 4.6% in the fourth quarter. Camden Capital LLC now owns 8,307 shares of the construction company worth $290,000 after buying 363 additional shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Taylor Morrison Home by 3.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 14,918 shares of the construction company worth $522,000 after buying 448 more shares last quarter. Signaturefd LLC increased its position in Taylor Morrison Home by 9.8% during the fourth quarter. Signaturefd LLC now owns 5,287 shares of the construction company valued at $185,000 after acquiring 471 additional shares in the last quarter. Hancock Whitney Corp increased its holdings of Taylor Morrison Home shares by 0.7% in the fourth quarter. Hancock Whitney Corp now owns 72,542 shares of the construction company worth $2,537,000 after acquiring 511 additional shares in the last quarter. Finally, Mackenzie Financial Corp increased its holdings of Taylor Morrison Home shares by 5.2% during the fourth quarter. Mackenzie Financial Corp now owns 10,677 shares of the construction company valued at $373,000 after buying an additional 532 shares in the last quarter. 94.05% of the shares are currently held by institutional investors and hedge funds.
TMHC Stock opened at $27.60 on Thursday. The stock has a fifty-day moving average of $27.48 and a 200-day moving average of $30.07. Taylor Morrison Home has a fifty-two week low of $22.64 and a fifty-two week high of $35.51. The company has a market capitalization of $3.30 billion, a price-earnings ratio of 4.66 and a beta of 1.67. The company has a debt ratio of 0.74, a quick ratio of 0.83 and a current ratio of 5.62.
Taylor Morrison Home Company Profile (Get a rating)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public home builder in the United States. The company designs, builds and sells single and multi-family, single and semi-detached houses; and develops lifestyle and planned communities. It also develops and builds mixed-use properties consisting of commercial spaces, retail and multi-family properties under the Urban Form brand; and provides title insurance and closing settlement services, as well as financial services.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Get news and reviews for Taylor Morrison Home Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Taylor Morrison Home and related companies with MarketBeat.com’s free daily email newsletter.