FY2024 Earnings Forecast for TMHC Issued By Seaport Res Ptn

Taylor Morrison Home Co. (NYSE:TMHC) – Equities researchers at Seaport Res Ptn issued their FY2024 earnings per share (EPS) estimates for shares of Taylor Morrison Home in a research report issued to clients and investors on Monday, November 4th. Seaport Res Ptn analyst K. Zener forecasts that the construction company will post earnings of $8.45 per share for the year. The consensus estimate for Taylor Morrison Home’s current full-year earnings is $8.43 per share. Seaport Res Ptn also issued estimates for Taylor Morrison Home’s Q4 2024 earnings at $2.37 EPS and FY2025 earnings at $8.66 EPS.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, October 23rd. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%. The company’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 EPS.

A number of other brokerages have also commented on TMHC. Barclays boosted their price target on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. BTIG Research upped their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Raymond James reiterated an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.33.

Taylor Morrison Home Stock Up 1.2 %

Taylor Morrison Home stock opened at $71.51 on Thursday. The company has a market capitalization of $7.40 billion, a PE ratio of 9.46 and a beta of 1.96. The firm’s fifty day moving average is $68.32 and its 200 day moving average is $62.54. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37. Taylor Morrison Home has a 12-month low of $41.99 and a 12-month high of $72.29.

Insider Buying and Selling

In other Taylor Morrison Home news, EVP Darrell Sherman sold 26,757 shares of the company’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $70.00, for a total transaction of $1,872,990.00. Following the sale, the executive vice president now directly owns 109,217 shares of the company’s stock, valued at $7,645,190. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 95,262 shares of company stock valued at $6,702,557. 3.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Taylor Morrison Home in the second quarter worth approximately $31,000. Harbor Capital Advisors Inc. bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $34,000. UMB Bank n.a. increased its position in shares of Taylor Morrison Home by 263.9% in the third quarter. UMB Bank n.a. now owns 535 shares of the construction company’s stock worth $38,000 after purchasing an additional 388 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new position in shares of Taylor Morrison Home in the third quarter worth approximately $62,000. 95.16% of the stock is currently owned by institutional investors.

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.