Taylor Morrison Home (NYSE:TMHC) Releases Quarterly Earnings Results, Beats Estimates By $0.31 EPS

Taylor Morrison Home (NYSE:TMHC) posted its quarterly earnings results on Wednesday. The construction company reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.31, Briefing.com reports. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Taylor Morrison Home’s quarterly revenue was up 26.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.62 earnings per share.

Taylor Morrison Home Stock Performance

Shares of Taylor Morrison Home stock traded up $1.54 on Thursday, reaching $68.74. 268,693 shares of the stock were exchanged, compared to its average volume of 786,680. The firm has a market capitalization of $7.17 billion, a PE ratio of 9.99 and a beta of 1.96. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $71.95. The business has a fifty day moving average price of $67.31 and a two-hundred day moving average price of $61.53. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39.

Insider Transactions at Taylor Morrison Home

In related news, Director William H. Lyon sold 1,741 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the sale, the director now owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director William H. Lyon sold 1,741 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the sale, the director now directly owns 2,195,316 shares in the company, valued at $149,347,347.48. 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 the SEC website. Also, Director William H. Lyon sold 28,259 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the transaction, the director now directly owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,072 shares of company stock valued at $2,052,157. Corporate insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Barclays lifted their target price on shares of Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday. Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research note on Monday, August 12th. BTIG Research raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Monday, August 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $65.00 price objective on shares of Taylor Morrison Home in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average price target of $70.67.

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.