Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings data on Wednesday. The construction company reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.19, MarketWatch Earnings reports. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share.
NYSE TMHC traded down $0.13 on Wednesday, reaching $15.69. The company’s stock had a trading volume of 1,922,626 shares, compared to its average volume of 1,455,251. The stock has a market cap of $1.75 billion, a P/E ratio of 7.92, a PEG ratio of 0.50 and a beta of 1.26. Taylor Morrison Home has a 52 week low of $14.73 and a 52 week high of $28.42. The company has a quick ratio of 0.88, a current ratio of 6.86 and a debt-to-equity ratio of 0.63.
A number of brokerages have recently commented on TMHC. ValuEngine lowered shares of Taylor Morrison Home from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. Barclays lowered shares of Taylor Morrison Home from an “equal weight” rating to a “sell” rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Friday, September 14th. Zacks Investment Research lowered shares of Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. JMP Securities lowered shares of Taylor Morrison Home from an “outperform” rating to a “market perform” rating in a research report on Monday, October 8th. Finally, Susquehanna Bancshares cut their price objective on shares of 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $23.89.
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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