Equities analysts predict that Taylor Morrison Home Corp (NYSE:TMHC) will report $0.63 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Taylor Morrison Home’s earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.59. Taylor Morrison Home posted earnings per share of $0.52 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.2%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, July 31st.
According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.58 to $2.71. For the next year, analysts anticipate that the firm will report earnings of $2.93 per share, with EPS estimates ranging from $2.80 to $3.04. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Taylor Morrison Home had a net margin of 4.83% and a return on equity of 12.89%. The business had revenue of $925.10 million for the quarter, compared to the consensus estimate of $872.44 million. During the same period in the prior year, the company posted $0.41 earnings per share. Taylor Morrison Home’s revenue was up 23.0% compared to the same quarter last year.
Shares of TMHC stock traded up $0.06 on Wednesday, hitting $21.99. The company’s stock had a trading volume of 5,835 shares, compared to its average volume of 954,354. The company has a debt-to-equity ratio of 0.91, a current ratio of 7.85 and a quick ratio of 0.63. The business has a 50 day simple moving average of $20.72. Taylor Morrison Home has a fifty-two week low of $14.73 and a fifty-two week high of $22.56. The company has a market cap of $2.35 billion, a P/E ratio of 8.26, a PEG ratio of 1.85 and a beta of 1.04.
In other news, insider Joseph Terracciano sold 1,964 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total value of $40,674.44. Following the sale, the insider now directly owns 2,015 shares in the company, valued at approximately $41,730.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Penserra Capital Management LLC bought a new position in Taylor Morrison Home during the 1st quarter worth approximately $59,000. Factorial Partners LLC bought a new position in Taylor Morrison Home during the 1st quarter worth approximately $71,000. Public Employees Retirement System of Ohio raised its holdings in Taylor Morrison Home by 26.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after purchasing an additional 1,577 shares during the last quarter. First Mercantile Trust Co. raised its holdings in Taylor Morrison Home by 10.6% during the 1st quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after purchasing an additional 1,004 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Taylor Morrison Home during the 1st quarter worth approximately $195,000.
About Taylor Morrison Home
Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family and multi-family attached and detached 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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