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

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

Taylor Morrison Home Stock Performance

TMHC stock traded up $1.93 during midday trading on Thursday, hitting $69.13. The stock had a trading volume of 291,627 shares, compared to its average volume of 786,791. 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 stock has a 50-day simple moving average of $67.31 and a 200 day simple moving average of $61.53. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 9.99 and a beta of 1.96.

Insider Buying and Selling at Taylor Morrison Home

In other news, Director William H. Lyon sold 1,741 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the transaction, the director now directly owns 2,195,316 shares of the company’s stock, valued at approximately $149,347,347.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director William H. Lyon sold 28,259 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $68.25, for a total value of $1,928,676.75. Following the sale, the director now owns 2,197,057 shares of the company’s stock, valued at $149,949,140.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William H. Lyon sold 1,741 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $68.03, for a total value of $118,440.23. Following the completion of the sale, the director now 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 disclosure for this sale can be found here. Insiders have sold 30,072 shares of company stock valued at $2,052,157 in the last 90 days. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on TMHC shares. Wedbush reissued a “neutral” rating and set a $65.00 target price on shares of Taylor Morrison Home in a research report on Wednesday. Barclays raised their target price on Taylor Morrison Home from $72.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. BTIG Research upgraded Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $78.00 price target for the company in a report on Monday, August 19th. Royal Bank of Canada increased their price objective on Taylor Morrison Home from $63.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.67.

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.