Taylor Morrison Home (NYSE:TMHC) Releases Earnings Results, Beats Expectations By $0.24 EPS

Taylor Morrison Home (NYSE:TMHC) released its quarterly earnings data on Wednesday. The construction company reported $2.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.24, Zacks reports. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%.

Taylor Morrison Home Stock Down 0.0 %

Shares of TMHC stock traded down $0.02 during trading hours on Wednesday, reaching $62.37. 564,953 shares of the stock were exchanged, compared to its average volume of 918,167. Taylor Morrison Home has a 12-month low of $52.72 and a 12-month high of $75.49. The business’s fifty day moving average is $63.74 and its two-hundred day moving average is $66.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. The firm has a market capitalization of $6.45 billion, a P/E ratio of 8.25 and a beta of 2.03.

Insiders Place Their Bets

In related news, Director William H. Lyon sold 24,284 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares in the company, valued at $152,294,229.36. The trade was a 1.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TMHC shares. JPMorgan Chase & Co. dropped their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 13th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. Raymond James restated an “outperform” rating and issued a $84.00 target price (up previously from $81.00) on shares of Taylor Morrison Home in a research report on Tuesday, October 29th. StockNews.com cut Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on shares of Taylor Morrison Home from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

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.