Taylor Morrison Home Corp (NYSE:TMHC) – Research analysts at Wedbush upped their Q2 2020 EPS estimates for shares of Taylor Morrison Home in a research report issued on Wednesday, July 8th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.33. Wedbush also issued estimates for Taylor Morrison Home’s Q4 2020 earnings at $0.57 EPS, FY2020 earnings at $2.12 EPS, Q1 2021 earnings at $0.42 EPS, Q2 2021 earnings at $0.59 EPS, Q3 2021 earnings at $0.74 EPS, Q4 2021 earnings at $0.97 EPS and FY2021 earnings at $2.72 EPS.
Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, May 6th. The construction company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.06. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.25 billion. Taylor Morrison Home had a return on equity of 12.35% and a net margin of 3.32%. The company’s revenue was up 45.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.
NYSE TMHC opened at $21.29 on Monday. The firm has a market capitalization of $2.68 billion, a P/E ratio of 12.98 and a beta of 1.69. Taylor Morrison Home has a 1-year low of $6.39 and a 1-year high of $28.47. The company has a debt-to-equity ratio of 1.10, a current ratio of 8.01 and a quick ratio of 0.96. The business’s 50-day simple moving average is $19.62 and its 200-day simple moving average is $18.93.
Institutional investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC lifted its position in Taylor Morrison Home by 4.6% during the 1st quarter. Nuveen Asset Management LLC now owns 802,761 shares of the construction company’s stock worth $8,830,000 after acquiring an additional 35,573 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Taylor Morrison Home by 80.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 691,566 shares of the construction company’s stock valued at $15,118,000 after purchasing an additional 309,334 shares in the last quarter. Royal Bank of Canada raised its position in shares of Taylor Morrison Home by 39.8% in the 1st quarter. Royal Bank of Canada now owns 831,945 shares of the construction company’s stock valued at $9,151,000 after purchasing an additional 237,008 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Taylor Morrison Home by 114.6% in the 1st quarter. Two Sigma Advisers LP now owns 141,414 shares of the construction company’s stock valued at $1,556,000 after purchasing an additional 75,520 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Taylor Morrison Home by 331.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 267,876 shares of the construction company’s stock valued at $2,947,000 after purchasing an additional 205,781 shares in the last quarter. 98.59% of the stock is currently owned by hedge funds and other institutional investors.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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