Brokerages forecast that Taylor Morrison Home Corp (NASDAQ:TMHC) will announce earnings of $0.42 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Taylor Morrison Home Corp’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.36. Taylor Morrison Home Corp reported earnings per share of $0.49 during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.3%. The company is expected to issue its next quarterly earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Taylor Morrison Home Corp will report full-year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.79 to $2.05. For the next year, analysts anticipate that the business will report earnings of $2.29 per share, with EPS estimates ranging from $2.13 to $2.45. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Taylor Morrison Home Corp.

Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.08. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The company had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. During the same period last year, the firm posted $0.37 EPS. Taylor Morrison Home Corp’s revenue for the quarter was up 6.3% compared to the same quarter last year.

TMHC has been the subject of several research analyst reports. BidaskClub raised Taylor Morrison Home Corp from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 12th. Zacks Investment Research raised Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Tuesday, July 4th. Finally, Deutsche Bank AG increased their price objective on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 7th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Taylor Morrison Home Corp has a consensus rating of “Buy” and an average price target of $24.00.

Taylor Morrison Home Corp (TMHC) traded down 0.66% during trading on Thursday, reaching $22.53. 1,314,170 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.63 billion and a PE ratio of 13.56. Taylor Morrison Home Corp has a 52 week low of $15.82 and a 52 week high of $24.79. The stock has a 50-day moving average of $21.24 and a 200-day moving average of $22.53.

Taylor Morrison Home Corp announced that its board has approved a stock buyback program on Monday, September 18th that authorizes the company to buyback $43.60 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.9% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider C. David Cone sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $22.83, for a total transaction of $456,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its stake in shares of Taylor Morrison Home Corp by 62.3% during the second quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after purchasing an additional 2,060 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Taylor Morrison Home Corp by 34.2% during the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock worth $135,000 after purchasing an additional 1,608 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Taylor Morrison Home Corp by 20.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,409 shares of the construction company’s stock worth $154,000 after purchasing an additional 1,110 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Taylor Morrison Home Corp by 52.9% during the second quarter. Great West Life Assurance Co. Can now owns 6,882 shares of the construction company’s stock worth $165,000 after purchasing an additional 2,382 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Taylor Morrison Home Corp by 4.7% during the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after purchasing an additional 307 shares during the last quarter.

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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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