Taylor Morrison Home (NYSE:TMHC) Issues Quarterly Earnings Results

Taylor Morrison Home (NYSE:TMHC) released its quarterly earnings results on Tuesday. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18, Briefing.com reports. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.66 billion. Taylor Morrison Home had a return on equity of 15.75% and a net margin of 10.30%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 earnings per share.

Taylor Morrison Home Stock Performance

Shares of NYSE:TMHC opened at $56.05 on Thursday. The firm has a market capitalization of $5.97 billion, a PE ratio of 8.02 and a beta of 1.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 6.16 and a quick ratio of 1.13. The business has a 50-day moving average of $57.59 and a two-hundred day moving average of $51.69. Taylor Morrison Home has a 12 month low of $37.23 and a 12 month high of $62.64.

Insiders Place Their Bets

In other news, CFO Curtis Vanhyfte sold 9,874 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the sale, the chief financial officer now owns 7,765 shares of the company’s stock, valued at $448,040.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Curtis Vanhyfte sold 9,874 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $57.70, for a total value of $569,729.80. Following the completion of the sale, the chief financial officer now owns 7,765 shares of the company’s stock, valued at $448,040.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Joseph Terracciano sold 724 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $55.87, for a total value of $40,449.88. The disclosure for this sale can be found here. Insiders sold 613,537 shares of company stock worth $36,409,767 over the last three months. 3.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TMHC shares. StockNews.com lowered Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Barclays lifted their price target on Taylor Morrison Home from $55.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 15th. Zelman & Associates upgraded Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Seaport Res Ptn downgraded Taylor Morrison Home from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada boosted their target price on Taylor Morrison Home from $61.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.20.

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.