$2.71 Billion in Sales Expected for Taylor Morrison Home Co. (NYSE:TMHC) This Quarter

Equities analysts predict that Taylor Morrison Home Co. (NYSE:TMHC) will report sales of $2.71 billion for the current quarter, according to Zacks. Four analysts have provided estimates for Taylor Morrison Home’s earnings. The highest sales estimate is $2.95 billion and the lowest is $2.59 billion. Taylor Morrison Home reported sales of $1.56 billion during the same quarter last year, which would suggest a positive year over year growth rate of 73.7%. The firm is scheduled to issue its next earnings results on Wednesday, February 9th.

According to Zacks, analysts expect that Taylor Morrison Home will report full year sales of $7.70 billion for the current year, with estimates ranging from $7.59 billion to $7.92 billion. For the next financial year, analysts expect that the business will report sales of $8.60 billion, with estimates ranging from $8.31 billion to $8.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings data on Wednesday, October 27th. The construction company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.13. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. Taylor Morrison Home had a return on equity of 13.79% and a net margin of 7.40%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 earnings per share.

Several equities analysts recently weighed in on the company. Royal Bank of Canada increased their target price on Taylor Morrison Home from $32.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 28th. Barclays increased their target price on Taylor Morrison Home from $40.00 to $42.00 and gave the stock an “overweight” rating in a research report on Thursday, October 28th. B. Riley increased their target price on Taylor Morrison Home from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. BTIG Research increased their target price on Taylor Morrison Home from $38.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Finally, JPMorgan Chase & Co. reduced their target price on Taylor Morrison Home from $45.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $37.70.

Shares of TMHC traded down $0.63 during trading hours on Thursday, reaching $32.86. 546,447 shares of the company traded hands, compared to its average volume of 1,156,246. The company has a quick ratio of 0.62, a current ratio of 5.32 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $4.04 billion, a PE ratio of 8.74 and a beta of 1.80. Taylor Morrison Home has a fifty-two week low of $22.64 and a fifty-two week high of $34.05. The stock has a fifty day simple moving average of $28.98 and a 200 day simple moving average of $27.91.

In related news, Director William H. Lyon sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, November 17th. The stock was sold at an average price of $33.56, for a total transaction of $151,020.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Lyon sold 5,500 shares of the firm’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $34.00, for a total value of $187,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,890 shares of company stock worth $2,020,157. Company insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Company LLC acquired a new position in shares of Taylor Morrison Home in the 1st quarter worth approximately $26,000. Geneos Wealth Management Inc. acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $65,000. Dark Forest Capital Management LP acquired a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $83,000. William Blair Investment Management LLC acquired a new position in shares of Taylor Morrison Home in the 2nd quarter worth approximately $90,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Taylor Morrison Home in the 3rd quarter worth approximately $101,000. Hedge funds and other institutional investors own 91.34% of the company’s stock.

About Taylor Morrison Home

Taylor Morrison Home Corp. engages in the business of residential homebuilding and the development of lifestyle communities. It operates through the following segments: East, Central, West, and Financial Services. The East segment includes operations in Atlanta, Charlotte, Chicago, Orlando, Raleigh, Southwest Florida, and Tampa regions.

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