Zacks: Brokerages Anticipate Taylor Morrison Home Corporation (TMHC) to Announce $0.37 EPS

Brokerages expect Taylor Morrison Home Corporation (NYSE:TMHC) to post $0.37 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.41. Taylor Morrison Home posted earnings per share of $0.30 during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.3%. The business is expected to issue its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that Taylor Morrison Home will report full year earnings of $2.60 per share for the current financial year, with EPS estimates ranging from $2.53 to $2.65. For the next fiscal year, analysts expect that the business will post earnings of $3.01 per share, with EPS estimates ranging from $2.88 to $3.23. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, February 7th. The construction company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.07. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Taylor Morrison Home had a net margin of 2.36% and a return on equity of 5.82%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS.

A number of equities analysts recently weighed in on TMHC shares. ValuEngine lowered shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 2nd. Barclays set a $27.00 target price on shares of Taylor Morrison Home and gave the stock a “hold” rating in a research note on Monday, January 8th. Susquehanna Bancshares raised shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. Wedbush reaffirmed a “neutral” rating and issued a $27.00 target price on shares of Taylor Morrison Home in a research note on Friday, January 12th. Finally, UBS Group raised shares of Taylor Morrison Home from a “neutral” rating to a “positive” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $28.22.

Taylor Morrison Home (NYSE:TMHC) opened at $24.44 on Thursday. The firm has a market cap of $2,855.02, a price-to-earnings ratio of 16.63, a P/E/G ratio of 0.76 and a beta of 1.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 6.85 and a quick ratio of 0.81. Taylor Morrison Home has a one year low of $18.65 and a one year high of $28.42.

Taylor Morrison Home declared that its board has approved a share buyback program on Wednesday, January 3rd that allows the company to buyback $200.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

In other news, insider Group Holdings (Sbs) Advis Tpg sold 1,499,732 shares of the stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $27.14, for a total transaction of $40,702,726.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Taylor Morrison Home by 62.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,369 shares of the construction company’s stock worth $129,000 after buying an additional 2,060 shares during the last quarter. Dean Capital Investments Management LLC acquired a new position in shares of Taylor Morrison Home during the 4th quarter worth about $218,000. Victory Capital Management Inc. boosted its stake in shares of Taylor Morrison Home by 37.3% during the 3rd quarter. Victory Capital Management Inc. now owns 10,197 shares of the construction company’s stock worth $225,000 after buying an additional 2,768 shares during the last quarter. Optimum Investment Advisors acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $225,000. Finally, Parametrica Management Ltd acquired a new position in shares of Taylor Morrison Home during the 3rd quarter worth about $255,000. Institutional investors own 57.40% of the company’s stock.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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Earnings History and Estimates for Taylor Morrison Home (NYSE:TMHC)

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