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

Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings results 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 firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $1.62 earnings per share. The company’s quarterly revenue was up 26.6% on a year-over-year basis.

Taylor Morrison Home Stock Performance

NYSE TMHC traded up $0.18 on Friday, hitting $68.54. 839,198 shares of the company traded hands, compared to its average volume of 791,691. The business’s 50 day moving average price is $67.58 and its 200-day moving average price is $61.64. Taylor Morrison Home has a 52-week low of $37.23 and a 52-week high of $71.95. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 9.81 and a beta of 1.96.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director William H. Lyon sold 1,741 shares of Taylor Morrison Home stock in a transaction dated 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 $149,347,347.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.50% of the company’s stock.

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.