Taylor Morrison Home Corp (TMHC) Expected to Announce Earnings of $0.38 Per Share
Brokerages expect Taylor Morrison Home Corp (NASDAQ:TMHC) to post earnings per share (EPS) of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Taylor Morrison Home Corp’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.39. Taylor Morrison Home Corp reported earnings per share of $0.37 during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The firm is scheduled to announce its next earnings results on Wednesday, August 2nd.
On average, analysts expect that Taylor Morrison Home Corp will report full-year earnings of $1.92 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $1.99. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.05 to $2.54. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Taylor Morrison Home Corp.
Taylor Morrison Home Corp (NASDAQ:TMHC) last posted its earnings results on Thursday, April 27th. The construction company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.28 by $0.02. The firm had revenue of $769.09 million for the quarter, compared to analyst estimates of $742.08 million. Taylor Morrison Home Corp had a return on equity of 6.12% and a net margin of 4.63%. Taylor Morrison Home Corp’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share.
A number of brokerages have commented on TMHC. FBR & Co boosted their price objective on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the stock a “mkt perform” rating in a report on Friday, April 28th. Zacks Investment Research upgraded shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a report on Tuesday. Finally, ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $21.38.
Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 1.00% during trading on Thursday, reaching $23.81. The company had a trading volume of 754,495 shares. The stock has a 50 day moving average price of $23.65 and a 200-day moving average price of $21.41. The company has a market capitalization of $1.24 billion and a PE ratio of 13.61. Taylor Morrison Home Corp has a 52-week low of $14.43 and a 52-week high of $24.77.
Large investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in Taylor Morrison Home Corp by 4.6% in the fourth quarter. FMR LLC now owns 4,549,534 shares of the construction company’s stock valued at $87,624,000 after buying an additional 202,009 shares during the last quarter. Federated Investors Inc. PA increased its stake in Taylor Morrison Home Corp by 10,261.8% in the fourth quarter. Federated Investors Inc. PA now owns 11,398 shares of the construction company’s stock valued at $220,000 after buying an additional 11,288 shares during the last quarter. Swiss National Bank increased its stake in Taylor Morrison Home Corp by 75.8% in the first quarter. Swiss National Bank now owns 89,300 shares of the construction company’s stock valued at $1,904,000 after buying an additional 38,500 shares during the last quarter. Credit Agricole S A bought a new stake in Taylor Morrison Home Corp during the first quarter valued at $5,757,000. Finally, Hancock Holding Co. bought a new stake in Taylor Morrison Home Corp during the first quarter valued at $204,000.
About Taylor Morrison Home Corp
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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