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

Taylor Morrison Home (NYSE:TMHC) issued its earnings results on Wednesday. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Trading Down 0.7 %

Shares of Taylor Morrison Home stock opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.24 and a quick ratio of 0.69. Taylor Morrison Home has a 1 year low of $53.17 and a 1 year high of $75.49. The firm has a market cap of $6.62 billion, a PE ratio of 8.46 and a beta of 2.03. The company has a 50 day simple moving average of $63.63 and a two-hundred day simple moving average of $66.38.

Insider Transactions at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the transaction, the director now directly owns 2,045,316 shares in the company, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.

Analysts Set New Price Targets

TMHC has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $101.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 13th. Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research report on Monday, January 27th. BTIG Research raised their price objective on shares of Taylor Morrison Home from $78.00 to $86.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Wedbush raised shares of Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $85.00 in a report on Friday, October 25th. Finally, Raymond James reissued an “outperform” rating and issued a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.57.

About Taylor Morrison Home

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.