Taylor Morrison Home (NYSE:TMHC) Posts Earnings Results, Beats Estimates By $0.31 EPS

Taylor Morrison Home (NYSE:TMHC) issued its quarterly earnings data on Wednesday. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31, Briefing.com reports. The firm had revenue of $2.12 billion during the quarter, compared to analyst estimates of $1.96 billion. Taylor Morrison Home had a return on equity of 14.99% and a net margin of 9.92%. The business’s quarterly revenue was up 26.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.62 earnings per share.

Taylor Morrison Home Stock Performance

Taylor Morrison Home stock opened at $68.54 on Friday. The company has a 50 day moving average price of $67.58 and a 200-day moving average price of $61.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.67 and a current ratio of 6.01. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $71.95. The company has a market capitalization of $7.25 billion, a PE ratio of 9.81 and a beta of 1.96.

Insider Activity

In other news, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $68.03, for a total transaction of $118,440.23. Following the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $65.00 to $85.00 in a research report on Friday. BTIG Research lifted their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday. Barclays lifted their price target on Taylor Morrison Home from $72.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank of Canada lifted their price target on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Raymond James assumed coverage on Taylor Morrison Home in a research report on Wednesday, July 24th. They issued an “outperform” rating and a $75.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.83.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.