Taylor Morrison Home Corp (NASDAQ:TMHC) will issue its quarterly earnings data before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.08. The company had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. Taylor Morrison Home Corp had a return on equity of 9.57% and a net margin of 6.16%. The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 earnings per share. On average, analysts expect Taylor Morrison Home Corp to post $1.90 EPS for the current fiscal year and $2.23 EPS for the next fiscal year.

Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 23.12 on Wednesday. The stock has a 50 day moving average price of $21.73 and a 200 day moving average price of $22.63. The stock has a market capitalization of $1.68 billion and a PE ratio of 13.92. Taylor Morrison Home Corp has a 12 month low of $16.37 and a 12 month high of $24.79.

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

In other news, insider C. David Cone sold 20,000 shares of Taylor Morrison Home Corp stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $22.83, for a total transaction of $456,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Several equities research analysts have recently commented on the company. BidaskClub upgraded Taylor Morrison Home Corp from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Deutsche Bank AG upped their price objective on Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research lowered Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Taylor Morrison Home Corp presently has a consensus rating of “Buy” and an average price target of $24.00.

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About Taylor Morrison Home Corp

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).

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

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