Taylor Morrison Home (NYSE:TMHC) Releases Earnings Results, Beats Expectations 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 for the quarter, beating analysts’ consensus estimates of $2.06 by $0.31, Briefing.com reports. The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.96 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. Taylor Morrison Home’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period last year, the company posted $1.62 EPS.

Taylor Morrison Home Price Performance

NYSE:TMHC opened at $68.36 on Friday. Taylor Morrison Home has a 1-year low of $37.23 and a 1-year 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 firm has a fifty day simple moving average of $67.44 and a 200 day simple moving average of $61.57. The stock has a market capitalization of $7.23 billion, a PE ratio of 9.78 and a beta of 1.96.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 1,741 shares of the firm’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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TMHC has been the topic of several research analyst reports. Zelman & Associates upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating in a report on Monday, August 12th. BTIG Research raised their target price on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday. StockNews.com upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada raised their target price on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Wedbush upgraded shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and set a $85.00 price objective on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Taylor Morrison Home has an average rating of “Moderate Buy” and a consensus target price of $75.83.

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.