Wall Street brokerages predict that Taylor Morrison Home Corp (NASDAQ:TMHC) will report sales of $856.71 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Taylor Morrison Home Corp’s earnings, with the lowest sales estimate coming in at $825.40 million and the highest estimate coming in at $879.22 million. Taylor Morrison Home Corp reported sales of $854.32 million in the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The company is scheduled to report its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Taylor Morrison Home Corp will report full-year sales of $856.71 million for the current fiscal year, with estimates ranging from $3.79 billion to $3.97 billion. For the next financial year, analysts expect that the business will report sales of $4.42 billion per share, with estimates ranging from $3.98 billion to $4.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Taylor Morrison Home Corp.

Taylor Morrison Home Corp (NASDAQ:TMHC) last released its earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.02. Taylor Morrison Home Corp had a return on equity of 6.12% and a net margin of 4.63%. The firm had revenue of $769.09 million during the quarter, compared to analysts’ expectations of $742.08 million. During the same quarter last year, the business posted $0.21 earnings per share. The firm’s revenue was up 19.2% on a year-over-year basis.

TMHC has been the subject of several research analyst reports. 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 research note on Tuesday, July 4th. FBR & Co upped their price objective on shares of Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a “mkt perform” rating in a research note on Friday, April 28th. Finally, ValuEngine upgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Nine research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Taylor Morrison Home Corp presently has a consensus rating of “Hold” and a consensus target price of $21.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its stake in shares of Taylor Morrison Home Corp by 34.2% in the first quarter. Victory Capital Management Inc. now owns 6,315 shares of the construction company’s stock worth $135,000 after buying an additional 1,608 shares during the period. UBS Group AG increased its stake in shares of Taylor Morrison Home Corp by 4.7% in the first quarter. UBS Group AG now owns 6,909 shares of the construction company’s stock worth $147,000 after buying an additional 307 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Taylor Morrison Home Corp by 172.5% in the second quarter. Meeder Asset Management Inc. now owns 8,516 shares of the construction company’s stock worth $204,000 after buying an additional 5,391 shares during the period. Legal & General Group Plc increased its stake in shares of Taylor Morrison Home Corp by 25.6% in the first quarter. Legal & General Group Plc now owns 9,338 shares of the construction company’s stock worth $199,000 after buying an additional 1,906 shares during the period. Finally, Hancock Holding Co. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth $204,000.

Taylor Morrison Home Corp (NASDAQ TMHC) traded up 0.87% during trading on Friday, reaching $24.44. The company’s stock had a trading volume of 641,518 shares. The firm has a market capitalization of $1.27 billion and a P/E ratio of 13.97. Taylor Morrison Home Corp has a one year low of $14.43 and a one year high of $24.77. The stock has a 50-day moving average of $23.65 and a 200 day moving average of $21.41.

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Taylor Morrison Home Corp 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 Corp (NASDAQ:TMHC)

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