Wall Street analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to report $1.11 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Taylor Morrison Home’s earnings. The lowest sales estimate is $1.09 billion and the highest is $1.14 billion. Taylor Morrison Home posted sales of $980.83 million in the same quarter last year, which would indicate a positive year over year growth rate of 13.2%. The firm is expected to report its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Taylor Morrison Home will report full year sales of $4.63 billion for the current year, with estimates ranging from $4.60 billion to $4.71 billion. For the next year, analysts forecast that the firm will report sales of $4.86 billion, with estimates ranging from $4.70 billion to $5.03 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Taylor Morrison Home.
Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Wednesday, May 1st. The construction company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Taylor Morrison Home had a net margin of 4.83% and a return on equity of 12.89%. The firm had revenue of $925.10 million for the quarter, compared to the consensus estimate of $872.44 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. The business’s revenue was up 23.0% on a year-over-year basis.
In related news, insider Joseph Terracciano sold 1,964 shares of the stock in a transaction dated 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 transaction, the insider now owns 2,015 shares in the company, valued at $41,730.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. GYL Financial Synergies LLC bought a new position in Taylor Morrison Home during the first quarter worth about $1,322,000. California State Teachers Retirement System boosted its position in shares of Taylor Morrison Home by 6.7% in the fourth quarter. California State Teachers Retirement System now owns 183,196 shares of the construction company’s stock valued at $2,913,000 after acquiring an additional 11,545 shares during the period. AlphaCrest Capital Management LLC bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $269,000. Norges Bank bought a new position in shares of Taylor Morrison Home in the fourth quarter valued at approximately $30,993,000. Finally, FMR LLC boosted its position in shares of Taylor Morrison Home by 1.6% in the first quarter. FMR LLC now owns 12,246,684 shares of the construction company’s stock valued at $217,379,000 after acquiring an additional 187,769 shares during the period.
TMHC opened at $19.68 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.63 and a current ratio of 7.85. The business’s fifty day simple moving average is $20.43. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $22.02. The firm has a market capitalization of $2.11 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.
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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