$0.63 EPS Expected for Taylor Morrison Home Corp (TMHC) This Quarter

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Analysts predict that Taylor Morrison Home Corp (NYSE:TMHC) will post $0.63 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 $0.59 and the highest is $0.66. Taylor Morrison Home reported earnings per share of $0.45 in the same quarter last year, which suggests a positive year-over-year growth rate of 40%. The business is expected to report its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, 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 $2.70. For the next fiscal year, analysts anticipate that the company will post earnings of $2.89 per share, with EPS estimates ranging from $2.59 to $3.04. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that follow Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, August 1st. The construction company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Taylor Morrison Home had a return on equity of 8.60% and a net margin of 3.97%. The company had revenue of $980.83 million for the quarter, compared to analyst estimates of $923.15 million. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year.

TMHC has been the topic of a number of research reports. ValuEngine raised Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 4th. Royal Bank of Canada initiated coverage on Taylor Morrison Home in a report on Wednesday, June 27th. They issued a “sector perform” rating on the stock. JMP Securities cut their price objective on Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a report on Thursday, August 2nd. Susquehanna Bancshares cut their price objective on Taylor Morrison Home from $34.00 to $30.00 and set a “positive” rating on the stock in a report on Thursday, August 2nd. Finally, Zacks Investment Research lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.75.

NYSE:TMHC traded down $0.49 during mid-day trading on Friday, hitting $15.71. 1,387,297 shares of the company’s stock traded hands, compared to its average volume of 1,381,005. Taylor Morrison Home has a twelve month low of $15.66 and a twelve month high of $28.42. The firm has a market capitalization of $2.03 billion, a P/E ratio of 7.93, a P/E/G ratio of 0.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.86 and a quick ratio of 0.88.

Institutional investors and hedge funds have recently modified their holdings of the company. Northern Trust Corp boosted its position in Taylor Morrison Home by 32.0% during the first quarter. Northern Trust Corp now owns 1,298,792 shares of the construction company’s stock worth $30,235,000 after purchasing an additional 315,135 shares in the last quarter. BlackRock Inc. boosted its position in Taylor Morrison Home by 47.7% during the first quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock worth $237,164,000 after purchasing an additional 3,289,728 shares in the last quarter. New York State Common Retirement Fund boosted its position in Taylor Morrison Home by 45.0% during the first quarter. New York State Common Retirement Fund now owns 152,190 shares of the construction company’s stock worth $3,543,000 after purchasing an additional 47,200 shares in the last quarter. California Public Employees Retirement System boosted its position in Taylor Morrison Home by 36.6% during the first quarter. California Public Employees Retirement System now owns 121,121 shares of the construction company’s stock worth $2,820,000 after purchasing an additional 32,437 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Taylor Morrison Home by 32.7% during the first quarter. BNP Paribas Arbitrage SA now owns 23,198 shares of the construction company’s stock worth $540,000 after purchasing an additional 5,714 shares in the last quarter. Hedge funds and other institutional investors own 99.01% of the company’s stock.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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