Taylor Morrison Home Corporation (TMHC) Expected to Post Earnings of $0.37 Per Share

Equities research analysts forecast that Taylor Morrison Home Corporation (NYSE:TMHC) will post $0.37 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Taylor Morrison Home’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.41. Taylor Morrison Home posted earnings of $0.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.3%. The firm is scheduled to report its next quarterly earnings report on Thursday, April 26th.

On average, analysts expect that Taylor Morrison Home will report full-year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.65. For the next year, analysts anticipate that the company will report earnings of $3.01 per share, with EPS estimates ranging from $2.88 to $3.23. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last released its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Taylor Morrison Home had a return on equity of 5.82% and a net margin of 2.36%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year.

TMHC has been the subject of a number of analyst reports. ValuEngine cut shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. BidaskClub cut shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. B. Riley restated a “neutral” rating on shares of Taylor Morrison Home in a research note on Thursday, November 2nd. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, January 2nd. Finally, UBS Group upgraded shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $28.22.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of Taylor Morrison Home stock in a transaction that occurred on Wednesday, January 17th. The shares were 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. Insiders own 2.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System raised its position in Taylor Morrison Home by 6.5% in the 3rd quarter. California Public Employees Retirement System now owns 80,843 shares of the construction company’s stock worth $1,783,000 after purchasing an additional 4,943 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Taylor Morrison Home by 13.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock worth $7,871,000 after acquiring an additional 40,989 shares during the period. Wells Fargo & Company MN grew its holdings in Taylor Morrison Home by 17.1% during the 3rd quarter. Wells Fargo & Company MN now owns 536,937 shares of the construction company’s stock worth $11,839,000 after acquiring an additional 78,602 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in Taylor Morrison Home by 4.3% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 288,112 shares of the construction company’s stock worth $6,353,000 after acquiring an additional 11,999 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Taylor Morrison Home by 72.8% during the 2nd quarter. Vanguard Group Inc. now owns 7,031,797 shares of the construction company’s stock worth $168,834,000 after acquiring an additional 2,962,990 shares during the period. Hedge funds and other institutional investors own 57.40% of the company’s stock.

Taylor Morrison Home (TMHC) opened at $24.44 on Thursday. The company has a market cap of $2,855.02, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.76 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 $18.65 and a one year high of $28.42.

Taylor Morrison Home declared that its board has initiated a share repurchase plan on Wednesday, January 3rd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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

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