Analysts Anticipate Taylor Morrison Home Corp (TMHC) Will Announce Earnings of $0.46 Per Share

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Wall Street brokerages expect Taylor Morrison Home Corp (NYSE:TMHC) to post earnings per share (EPS) of $0.46 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Taylor Morrison Home’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.30. Taylor Morrison Home posted earnings per share of $0.77 during the same quarter last year, which would indicate a negative year-over-year growth rate of 40.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $2.17 per share for the current financial year, with EPS estimates ranging from $1.98 to $2.40. For the next financial year, analysts expect that the company will post earnings of $2.82 per share, with EPS estimates ranging from $2.55 to $3.08. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 31st. The construction company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.64 by $0.19. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The business’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 EPS.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. Susquehanna Bancshares decreased their target price on Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating for the company in a research report on Thursday, August 2nd. Barclays set a $18.00 target price on Taylor Morrison Home and gave the stock a “sell” rating in a research report on Thursday, November 1st. ValuEngine lowered Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. Finally, Citigroup reissued a “buy” rating and issued a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.78.

Shares of TMHC opened at $16.04 on Wednesday. The company has a market capitalization of $1.84 billion, a PE ratio of 6.47, a PEG ratio of 0.78 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 7.58 and a debt-to-equity ratio of 0.62. Taylor Morrison Home has a 52 week low of $14.73 and a 52 week high of $28.42.

Institutional investors have recently made changes to their positions in the business. Legacy Financial Advisors Inc. bought a new stake in Taylor Morrison Home during the 2nd quarter valued at $144,000. First Mercantile Trust Co. bought a new stake in Taylor Morrison Home during the 2nd quarter valued at $157,000. Commonwealth Bank of Australia bought a new stake in Taylor Morrison Home during the 3rd quarter valued at $137,000. First Interstate Bank raised its stake in Taylor Morrison Home by 36.8% during the 2nd quarter. First Interstate Bank now owns 11,015 shares of the construction company’s stock valued at $229,000 after acquiring an additional 2,965 shares in the last quarter. Finally, GAM Holding AG bought a new stake in Taylor Morrison Home during the 2nd quarter valued at $318,000. 99.02% of the stock is currently owned by hedge funds and other institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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