Taylor Morrison Home (NYSE:TMHC) Releases Earnings Results, Beats Estimates By $0.24 EPS

Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings results on Wednesday. The construction company reported $2.64 earnings per share for the quarter, topping the consensus estimate of $2.40 by $0.24, Zacks reports. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%.

Taylor Morrison Home Stock Performance

TMHC traded down $0.02 on Wednesday, reaching $62.37. The stock had a trading volume of 564,953 shares, compared to its average volume of 918,167. The company has a market cap of $6.45 billion, a P/E ratio of 8.25 and a beta of 2.03. Taylor Morrison Home has a 12-month low of $52.72 and a 12-month high of $75.49. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $63.74 and its two-hundred day moving average price is $66.39.

Insiders Place Their Bets

In other news, Director William H. Lyon sold 24,284 shares of Taylor Morrison Home stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on TMHC shares. StockNews.com downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 13th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Wednesday, January 8th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Seaport Res Ptn cut shares of Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Taylor Morrison Home currently has an average rating of “Moderate Buy” and an average target price of $84.00.

About Taylor Morrison Home

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.