Taylor Morrison Home Corporation (NYSE:TMHC) – Gabelli issued their FY2020 earnings estimates for Taylor Morrison Home in a note issued to investors on Thursday. Gabelli analyst A. Lacayo forecasts that the construction company will post earnings per share of $3.15 for the year. Gabelli also issued estimates for Taylor Morrison Home’s FY2021 earnings at $3.40 EPS and FY2022 earnings at $3.65 EPS.
Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The business’s revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.63 EPS.
Taylor Morrison Home (NYSE:TMHC) traded down $0.18 during mid-day trading on Friday, hitting $23.92. The company had a trading volume of 3,476,972 shares, compared to its average volume of 2,730,249. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. The firm has a market cap of $3,000.88, a price-to-earnings ratio of 15.79, a P/E/G ratio of 0.82 and a beta of 1.44. Taylor Morrison Home has a twelve month low of $18.41 and a twelve month high of $28.42.
Taylor Morrison Home declared that its board has initiated a stock buyback program on Wednesday, January 3rd that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the 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 sale was disclosed in a document filed with the SEC, which is available through this link. 2.40% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Taylor Morrison Home by 72.8% in the second quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after purchasing an additional 2,962,990 shares in the last quarter. BlackRock Inc. grew its stake in shares of Taylor Morrison Home by 51.5% in the second quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after purchasing an additional 2,239,679 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Taylor Morrison Home by 31.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,591,375 shares of the construction company’s stock worth $101,239,000 after purchasing an additional 1,089,798 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of Taylor Morrison Home by 6.7% in the fourth quarter. Greenhaven Associates Inc. now owns 2,695,488 shares of the construction company’s stock worth $65,959,000 after purchasing an additional 169,244 shares in the last quarter. Finally, NWQ Investment Management Company LLC grew its stake in shares of Taylor Morrison Home by 2.4% in the third quarter. NWQ Investment Management Company LLC now owns 2,229,932 shares of the construction company’s stock worth $49,170,000 after purchasing an additional 52,934 shares in the last quarter. 57.67% of the stock is owned by institutional investors.
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About Taylor Morrison Home
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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