Taylor Morrison Home (TMHC) Set to Announce Quarterly Earnings on Tuesday

Taylor Morrison Home (NYSE:TMHC) will issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC) last issued its quarterly earnings results on Wednesday, February 14th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.23. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same period last year, the company earned $2.93 EPS. The firm’s quarterly revenue was down 19.0% on a year-over-year basis. On average, analysts expect Taylor Morrison Home to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Taylor Morrison Home Stock Up 2.3 %

Shares of NYSE:TMHC opened at $57.56 on Friday. The stock’s 50-day moving average price is $57.49 and its two-hundred day moving average price is $51.37. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. Taylor Morrison Home has a 12-month low of $37.23 and a 12-month high of $62.64. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 8.25 and a beta of 1.87.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $56.04, for a total value of $1,871,736.00. Following the completion of the sale, the director now owns 71,570 shares in the company, valued at approximately $4,010,782.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Joseph Terracciano sold 724 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $55.87, for a total transaction of $40,449.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Lyon sold 33,400 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $56.04, for a total value of $1,871,736.00. Following the sale, the director now directly owns 71,570 shares of the company’s stock, valued at $4,010,782.80. The disclosure for this sale can be found here. Insiders sold a total of 613,537 shares of company stock worth $36,409,767 in the last 90 days. 5.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TMHC shares. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Royal Bank of Canada boosted their price target on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Barclays boosted their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Finally, StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $57.20.

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.