$1.82 EPS expected for Taylor Morrison Home Co. (NYSE: TMHC) this quarter


Equity research analysts predict that Taylor Morrison Home Co. (NYSE: TMHCGet 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: TMHCGet 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.

See also

Get a Free Copy of Zacks’ Taylor Morrison Home (TMHC) Research Report

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Taylor Morrison Home (NYSE: TMHC) Earnings History and Estimates



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.

Comments are closed.