Taylor Morrison Home (TMHC) Scheduled to Post Quarterly Earnings on Tuesday

Taylor Morrison Home (NYSE:TMHC) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $1.60 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $2.05 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.23. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.85 billion. Taylor Morrison Home had a return on equity of 16.21% and a net margin of 10.37%. The company’s revenue was down 19.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.93 earnings per share. On average, analysts expect Taylor Morrison Home to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Taylor Morrison Home Price Performance

TMHC stock opened at $57.56 on Monday. The company has a current ratio of 6.00, a quick ratio of 1.13 and a debt-to-equity ratio of 0.38. The business has a 50 day simple moving average of $57.49 and a 200-day simple moving average of $51.43. Taylor Morrison Home has a twelve month low of $37.23 and a twelve month high of $62.64. The company has a market capitalization of $6.13 billion, a P/E ratio of 8.25 and a beta of 1.87.

Analysts Set New Price Targets

A number of research firms have commented on TMHC. Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a report on Friday, April 12th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. StockNews.com downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Royal Bank of Canada raised their target price on Taylor Morrison Home from $57.00 to $61.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Barclays raised their target price on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Taylor Morrison Home has an average rating of “Hold” and a consensus target price of $57.20.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $60.33, for a total value of $9,894,120.00. Following the completion of the sale, the director now owns 43,570 shares in the company, valued at approximately $2,628,578.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director William H. Lyon sold 153,000 shares of Taylor Morrison Home stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $62.32, for a total value of $9,534,960.00. Following the transaction, the director now directly owns 40,570 shares of the company’s stock, valued at approximately $2,528,322.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Lyon sold 164,000 shares of Taylor Morrison Home stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $60.33, for a total value of $9,894,120.00. Following the completion of the transaction, the director now directly owns 43,570 shares in the company, valued at $2,628,578.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 613,537 shares of company stock worth $36,409,767. 5.50% of the stock is owned by corporate insiders.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.