Wall Street analysts forecast that Taylor Morrison Home Corp (NYSE:TMHC) will report earnings per share of $0.66 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Taylor Morrison Home’s earnings, with the highest EPS estimate coming in at $0.69 and the lowest estimate coming in at $0.61. Taylor Morrison Home posted earnings per share of $0.83 in the same quarter last year, which would indicate a negative year over year growth rate of 20.5%. The firm is expected to report its next earnings results on Wednesday, October 30th.

On average, analysts expect that Taylor Morrison Home will report full year earnings of $2.76 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.78. For the next fiscal year, analysts anticipate that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.95 to $3.16. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings data on Wednesday, July 31st. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.13. Taylor Morrison Home had a net margin of 5.03% and a return on equity of 13.66%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 29.0% on a year-over-year basis.

A number of equities research analysts have recently issued reports on TMHC shares. Citigroup upped their price objective on shares of Taylor Morrison Home from $22.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, May 2nd. B. Riley raised shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and upped their price objective for the company from $22.00 to $26.00 in a research note on Thursday, August 1st. Royal Bank of Canada raised shares of Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $23.00 to $25.00 in a research note on Thursday, May 16th. Wells Fargo & Co upped their price objective on shares of Taylor Morrison Home from $21.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Finally, Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Taylor Morrison Home presently has a consensus rating of “Buy” and an average price target of $23.22.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total transaction of $40,674.44. Following the completion of the sale, the insider now owns 2,015 shares of the company’s stock, valued at approximately $41,730.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. GYL Financial Synergies LLC bought a new position in Taylor Morrison Home in the 1st quarter worth $1,322,000. FMR LLC raised its holdings in Taylor Morrison Home by 1.6% in the 1st quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock worth $217,379,000 after purchasing an additional 187,769 shares in the last quarter. Norges Bank bought a new position in Taylor Morrison Home in the 4th quarter worth $30,993,000. Amalgamated Bank raised its holdings in Taylor Morrison Home by 13.5% in the 4th quarter. Amalgamated Bank now owns 15,750 shares of the construction company’s stock worth $250,000 after purchasing an additional 1,874 shares in the last quarter. Finally, Seacliff Capital LLC bought a new position in Taylor Morrison Home in the 1st quarter worth $1,775,000.

Shares of Taylor Morrison Home stock traded down $0.46 during trading on Friday, reaching $22.38. The company’s stock had a trading volume of 13,732 shares, compared to its average volume of 1,177,737. Taylor Morrison Home has a 52-week low of $14.73 and a 52-week high of $22.99. The company has a market cap of $2.41 billion, a P/E ratio of 8.46, a price-to-earnings-growth ratio of 1.51 and a beta of 0.99. The firm has a 50-day simple moving average of $21.74. The company has a current ratio of 7.69, a quick ratio of 0.60 and a debt-to-equity ratio of 0.89.

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

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