Taylor Morrison Home (TMHC) to Release Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC) will be releasing 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 data on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Up 1.5 %

Shares of NYSE:TMHC opened at $70.97 on Monday. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $71.95. The stock’s fifty day simple moving average is $66.93 and its 200-day simple moving average is $61.39. The company has a market capitalization of $7.40 billion, a P/E ratio of 10.55 and a beta of 1.96.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on 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 sale, the director now owns 2,197,057 shares of the company’s stock, valued at approximately $149,949,140.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 2,197,057 shares in the company, valued at $149,949,140.25. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,072 shares of company stock valued at $2,052,157 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TMHC shares. Barclays increased 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. Zelman & Associates raised Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $61.00) on shares of Taylor Morrison Home in a report on Wednesday, July 24th. Raymond James started coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 target price for the company. Finally, BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, August 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Taylor Morrison Home has an average rating of “Moderate Buy” and an average target price of $70.17.

Taylor Morrison Home Company Profile

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.