Taylor Morrison Home Corporation (TMHC) Forecasted to Post Q3 2018 Earnings of $0.71 Per Share

Taylor Morrison Home Corporation (NYSE:TMHC) – Equities researchers at B. Riley issued their Q3 2018 earnings estimates for Taylor Morrison Home in a report released on Thursday. B. Riley analyst A. Rygiel expects that the construction company will earn $0.71 per share for the quarter. B. Riley currently has a “Neutral” rating and a $29.00 target price on the stock.

A number of other analysts have also recently commented on TMHC. JMP Securities upgraded Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $31.00 price objective for the company in a research report on Thursday. Barclays set a $28.00 price objective on Taylor Morrison Home and gave the stock an “equal weight” rating in a research report on Thursday. UBS Group upgraded Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research report on Thursday, January 4th. Wells Fargo & Co upgraded Taylor Morrison Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Friday, January 5th. Finally, Zacks Investment Research cut Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $28.22.

Taylor Morrison Home (TMHC) opened at $23.92 on Monday. The stock has a market capitalization of $2,859.80, a price-to-earnings ratio of 16.27, a PEG ratio of 0.78 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.81 and a current ratio of 6.85. Taylor Morrison Home has a one year low of $18.41 and a one year high of $28.42.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 EPS.

A number of institutional investors and hedge funds have recently bought and sold shares of TMHC. Ameritas Investment Partners Inc. grew its holdings in Taylor Morrison Home by 62.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock valued at $129,000 after buying an additional 2,060 shares during the period. Dean Capital Investments Management LLC purchased a new stake in Taylor Morrison Home in the 4th quarter valued at about $218,000. Victory Capital Management Inc. grew its holdings in Taylor Morrison Home by 37.3% in the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock valued at $225,000 after buying an additional 2,768 shares during the period. Optimum Investment Advisors purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at about $225,000. Finally, Parametrica Management Ltd purchased a new stake in Taylor Morrison Home in the 3rd quarter valued at about $255,000. Institutional investors own 57.67% of the company’s stock.

In other Taylor Morrison Home news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $27.14, for a total value of $40,702,726.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by insiders.

Taylor Morrison Home announced that its Board of Directors has initiated a share buyback program on Wednesday, January 3rd that permits the company to buyback $200.00 million in shares. This buyback authorization permits the construction company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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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).

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

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