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

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

Taylor Morrison Home Price Performance

Shares of Taylor Morrison Home stock traded up $0.18 during trading on Friday, hitting $68.54. 839,198 shares of the stock traded hands, compared to its average volume of 791,691. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 9.81 and a beta of 1.96. The company has a quick ratio of 0.67, a current ratio of 6.01 and a debt-to-equity ratio of 0.39. Taylor Morrison Home has a 52 week low of $37.23 and a 52 week high of $71.95. The firm’s fifty day moving average is $67.58 and its 200-day moving average is $61.64.

Insider Buying and Selling

In other Taylor Morrison Home news, Director William H. Lyon sold 1,741 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were 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 in the company, valued at $149,347,347.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on TMHC. Wedbush upgraded shares of 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. Raymond James started coverage on shares of Taylor Morrison Home in a research report on Wednesday, July 24th. They set an “outperform” rating and a $75.00 price target for the company. Zelman & Associates upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Royal Bank of Canada boosted their target price on Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, BTIG Research raised their price target on Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.