Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Taylor Morrison Home Corp (TMHC) Stock Price
Media stories about Taylor Morrison Home Corp (NASDAQ:TMHC) have been trending somewhat positive on Tuesday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Taylor Morrison Home Corp earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 45.6119722743291 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Taylor Morrison Home Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Deutsche Bank AG increased their price target on shares of Taylor Morrison Home Corp from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research downgraded shares of Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $24.00.
Shares of Taylor Morrison Home Corp (NASDAQ TMHC) traded down 0.861% during trading on Tuesday, hitting $22.465. 468,077 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $21.30 and a 200-day moving average price of $22.56. Taylor Morrison Home Corp has a one year low of $15.82 and a one year high of $24.79. The stock has a market cap of $1.63 billion and a P/E ratio of 13.525.
Taylor Morrison Home Corp (NASDAQ:TMHC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. The company had revenue of $908.49 million during the quarter, compared to analysts’ expectations of $849.70 million. Taylor Morrison Home Corp had a net margin of 6.16% and a return on equity of 9.57%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.37 EPS. Equities research analysts expect that Taylor Morrison Home Corp will post $1.90 EPS for the current fiscal year.
Taylor Morrison Home Corp announced that its board has approved a stock repurchase plan on Monday, September 18th that allows the company to repurchase $43.60 million in shares. This repurchase authorization allows the construction company to buy up to 2.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other news, insider C. David Cone sold 20,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $22.83, for a total value of $456,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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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