Zacks: Brokerages Anticipate Taylor Morrison Home Corporation (TMHC) to Post $0.69 EPS

Analysts expect Taylor Morrison Home Corporation (NYSE:TMHC) to report earnings of $0.69 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Taylor Morrison Home’s earnings, with estimates ranging from $0.64 to $0.76. Taylor Morrison Home reported earnings of $0.65 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The firm is scheduled to report its next earnings report before the market opens on Wednesday, February 7th.

According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.62 to $1.96. For the next financial year, analysts anticipate that the company will post earnings of $2.51 per share, with EPS estimates ranging from $2.25 to $2.81. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, November 1st. The construction company reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04. The business had revenue of $908.00 million for the quarter, compared to analyst estimates of $914.19 million. Taylor Morrison Home had a return on equity of 4.18% and a net margin of 2.41%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share.

A number of research analysts recently weighed in on the company. ValuEngine lowered Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 2nd. BidaskClub raised Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Wednesday, October 4th. Citigroup raised Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday, January 2nd. Barclays set a $27.00 price objective on Taylor Morrison Home and gave the stock a “hold” rating in a report on Monday, January 8th. Finally, Wedbush reaffirmed a “neutral” rating and set a $27.00 price objective on shares of Taylor Morrison Home in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Taylor Morrison Home currently has a consensus rating of “Hold” and an average price target of $27.57.

Taylor Morrison Home (NYSE:TMHC) opened at $26.85 on Monday. The stock has a market capitalization of $3,210.10, a P/E ratio of 14.59, a PEG ratio of 0.89 and a beta of 1.47. The company has a quick ratio of 0.81, a current ratio of 6.85 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a twelve month low of $18.26 and a twelve month high of $28.42.

Taylor Morrison Home declared that its Board of Directors has authorized a share buyback program on Wednesday, January 3rd that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the construction company to buy shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the sale, the insider now directly owns 42,511 shares in the company, valued at $1,011,336.69. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. boosted its position in Taylor Morrison Home 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 in the last quarter. Nordea Investment Management AB purchased a new stake in Taylor Morrison Home during the second quarter worth $192,000. Victory Capital Management Inc. boosted its position in Taylor Morrison Home by 37.3% during the third quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock worth $225,000 after purchasing an additional 2,768 shares in the last quarter. Optimum Investment Advisors purchased a new stake in Taylor Morrison Home during the third quarter worth $225,000. Finally, Stevens Capital Management LP purchased a new stake in Taylor Morrison Home during the second quarter worth $241,000. Institutional investors own 57.68% of the company’s stock.

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Taylor Morrison Home 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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