Equities research analysts forecast that Taylor Morrison Home Corp (NYSE:TMHC) will post $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Taylor Morrison Home’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.66. Taylor Morrison Home posted earnings per share of $0.45 in the same quarter last year, which suggests a positive year over year growth rate of 40%. The company is expected to issue its next earnings results on Wednesday, November 7th.

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 $2.70. For the next year, analysts expect that the firm will report earnings of $2.86 per share, with EPS estimates ranging from $2.59 to $3.02. Zacks’ earnings per share 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 quarterly earnings results on Wednesday, August 1st. The construction company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.04. Taylor Morrison Home had a return on equity of 8.60% and a net margin of 3.97%. The firm had revenue of $980.83 million for the quarter, compared to analysts’ expectations of $923.15 million. During the same period in the prior year, the business posted $0.46 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis.

TMHC has been the topic of several analyst reports. Barclays cut Taylor Morrison Home from an “equal weight” rating to a “sell” rating and decreased their price target for the company from $22.00 to $20.00 in a research report on Friday, September 14th. ValuEngine upgraded Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. JMP Securities decreased their price target on Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of Taylor Morrison Home from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, Royal Bank of Canada started coverage on shares of Taylor Morrison Home in a research report on Wednesday, June 27th. They issued a “sector perform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $26.67.

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Taylor Morrison Home by 47.7% in the first quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock worth $237,164,000 after purchasing an additional 3,289,728 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Taylor Morrison Home by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,014,452 shares of the construction company’s stock worth $166,538,000 after purchasing an additional 1,166,459 shares during the last quarter. Millennium Management LLC increased its position in shares of Taylor Morrison Home by 25.2% in the first quarter. Millennium Management LLC now owns 4,556,517 shares of the construction company’s stock worth $106,076,000 after purchasing an additional 917,686 shares during the last quarter. Long Pond Capital LP bought a new position in shares of Taylor Morrison Home in the second quarter worth approximately $62,403,000. Finally, Northern Trust Corp increased its position in shares of Taylor Morrison Home by 1.8% in the second quarter. Northern Trust Corp now owns 1,322,570 shares of the construction company’s stock worth $27,483,000 after purchasing an additional 23,778 shares during the last quarter. Institutional investors own 99.01% of the company’s stock.

Shares of TMHC traded down $0.32 during midday trading on Friday, hitting $15.45. 1,048,750 shares of the company traded hands, compared to its average volume of 1,190,024. Taylor Morrison Home has a one year low of $15.19 and a one year high of $28.42. The stock has a market cap of $1.77 billion, a PE ratio of 7.80, a P/E/G ratio of 0.51 and a beta of 1.26. The company has a quick ratio of 0.88, a current ratio of 6.86 and a debt-to-equity ratio of 0.63.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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

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