Taylor Morrison Home (NYSE:TMHC – Free Report) will release its quarterly earnings results before the market opens on Wednesday, July 24. Analysts expect Taylor Morrison Home to report earnings of $1.91 per share for the quarter. Investors who wish to register for the company’s conference call can do so through this link.
Taylor Morrison Home (NYSE:TMHC – Get Free Report) last released its quarterly earnings results on Tuesday, April 30. The home improvement company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.18. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The company’s revenue grew 2.3% compared to the same quarter last year. During the same period last year, the company generated earnings per share of $1.74. On average, analysts expect Taylor Morrison Home to report earnings per share of $8 for the current fiscal year and $8 for the next fiscal year.
Taylor Morrison Real Estate Price Development
TMHC stock opened at $65.29 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 0.91. The company has a 50-day moving average of $56.90 and a 200-day moving average of $56.08. The company has a market cap of $6.91 billion, a P/E ratio of 9.28 and a beta of 1.95. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year high of $65.53.
Insider Activities at Taylor Morrison Home
In other Taylor Morrison Home news, CEO Sheryl Palmer sold 100,000 shares of the company’s stock on Wednesday, May 15. The shares were sold at an average price of $61.70, for a total transaction of $6,170,000.00. Following the transaction, the CEO now owns 19,211 shares of the company’s stock, valued at $1,185,318.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 3.50% of the shares are currently owned by company insiders.
Analysts set new price targets
Several equities analysts have recently issued reports on TMHC shares. Royal Bank of Canada raised their price target on Taylor Morrison Home from $61.00 to $63.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. StockNews.com upgraded Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research report on Friday, April 12th. Wedbush reiterated an “outperform” rating and set a $61.00 price target on shares of Taylor Morrison Home in a research report on Thursday, May 30th. Finally, Barclays lowered their price target on Taylor Morrison Home from $65.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, July 12. Three analysts have rated the stock with a “hold” and four have given the company a “buy” rating. According to MarketBeat, the stock has a consensus rating of “moderate buy” and an average price target of $59.80.
Check out our latest analysis on Taylor Morrison Home
About Taylor Morrison Home
(Get free report)
Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public housing developer in the United States. The company designs, builds and sells single-family, multi-family and townhomes and develops lifestyle and master-planned communities. It develops and builds multi-use properties consisting of commercial space, retail stores and multifamily housing under the Urban Form brand name.
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