Taylor Morrison Home Corp (NASDAQ:TMHC) – Analysts at FBR & Co reduced their Q4 2017 earnings estimates for shares of Taylor Morrison Home Corp in a research note issued to investors on Tuesday. FBR & Co analyst A. Rygiel now forecasts that the brokerage will post earnings per share of $0.66 for the quarter, down from their previous estimate of $0.86. FBR & Co has a “Market Perform” rating and a $21.00 price target on the stock.

Taylor Morrison Home Corp (NASDAQ:TMHC) last issued its quarterly earnings data on Tuesday, January 31st. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.06. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $0.53 EPS. Taylor Morrison Home Corp’s revenue for the quarter was up 23.4% compared to the same quarter last year.

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

A number of other research analysts also recently commented on the company. BTIG Research assumed coverage on Taylor Morrison Home Corp in a research note on Tuesday, February 7th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded Taylor Morrison Home Corp from a “buy” rating to a “sell” rating in a research note on Friday, February 3rd. Barclays PLC assumed coverage on Taylor Morrison Home Corp in a research note on Thursday, January 5th. They issued an “equal weight” rating and a $21.00 target price on the stock. Gabelli downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Thursday, December 8th. Finally, TheStreet upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating in a research note on Monday, November 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.22.

Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) traded down 0.42% during midday trading on Thursday, reaching $18.95. The company’s stock had a trading volume of 195,925 shares. Taylor Morrison Home Corp has a 12 month low of $12.88 and a 12 month high of $21.80. The stock has a market capitalization of $576.86 million and a P/E ratio of 11.21. The stock’s 50-day moving average is $19.59 and its 200 day moving average is $18.46.

A number of hedge funds and other institutional investors have recently modified their holdings of TMHC. Tudor Investment Corp Et Al purchased a new position in shares of Taylor Morrison Home Corp during the fourth quarter worth approximately $233,000. Bogle Investment Management L P DE bought a new stake in shares of Taylor Morrison Home Corp during the fourth quarter worth $399,000. Menta Capital LLC boosted its stake in shares of Taylor Morrison Home Corp by 18.2% in the fourth quarter. Menta Capital LLC now owns 276,229 shares of the company’s stock worth $5,320,000 after buying an additional 42,499 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Taylor Morrison Home Corp during the fourth quarter worth $480,000. Finally, Allianz Asset Management AG bought a new stake in shares of Taylor Morrison Home Corp during the fourth quarter worth $2,094,000.

This story was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was copied illegally and reposted in violation of international trademark & copyright law. The original version of this story can be viewed at http://www.dailypolitical.com/2017/02/17/taylor-morrison-home-corp-to-post-q4-2017-earnings-of-0-66-per-share-fbr-co-forecasts-tmhc.html.

Taylor Morrison Home Corp Company Profile

Taylor Morrison Home Corporation is a real estate development company, with a portfolio of lifestyle and master-planned communities. The Company is engaged in the business of residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona, California, Colorado, Florida, Texas and its acquired divisions in Georgia, Illinois and North Carolina.

5 Day Chart for NASDAQ:TMHC

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