Brokerages predict that Taylor Morrison Home Corp (NASDAQ:TMHC) will announce sales of $856.71 million for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Taylor Morrison Home Corp’s earnings, with estimates ranging from $825.40 million to $879.22 million. Taylor Morrison Home Corp reported sales of $854.32 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.3%. The business is scheduled to issue its next earnings results on Wednesday, August 2nd.

According to Zacks, analysts expect that Taylor Morrison Home Corp will report full-year sales of $856.71 million for the current financial year, with estimates ranging from $3.79 billion to $3.97 billion. For the next fiscal year, analysts expect that the company will post sales of $4.42 billion per share, with estimates ranging from $3.98 billion to $4.87 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Taylor Morrison Home Corp.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. Taylor Morrison Home Corp had a net margin of 4.63% and a return on equity of 6.12%. The company had revenue of $769.09 million for the quarter, compared to analyst estimates of $742.08 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The company’s quarterly revenue was up 19.2% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Tuesday. ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Finally, FBR & Co increased their price objective on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the stock a “mkt perform” rating in a research note on Friday, April 28th. Nine equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Taylor Morrison Home Corp presently has an average rating of “Hold” and an average target price of $21.38.

Shares of Taylor Morrison Home Corp (TMHC) opened at 24.40 on Friday. Taylor Morrison Home Corp has a 52-week low of $14.43 and a 52-week high of $24.77. The company has a market cap of $1.27 billion and a price-to-earnings ratio of 13.95. The stock has a 50 day moving average of $23.65 and a 200 day moving average of $21.41.

Several institutional investors have recently modified their holdings of TMHC. Victory Capital Management Inc. boosted its position in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock valued at $135,000 after buying an additional 1,608 shares during the period. UBS Group AG boosted its position in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock valued at $147,000 after buying an additional 307 shares during the period. Legal & General Group Plc boosted its position in shares of Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock valued at $199,000 after buying an additional 1,906 shares during the period. Hancock Holding Co. acquired a new position in shares of Taylor Morrison Home Corp during the first quarter valued at $204,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Taylor Morrison Home Corp during the first quarter valued at $207,000.

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Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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

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