Q3 2024 EPS Estimates for Taylor Morrison Home Co. (NYSE:TMHC) Raised by Analyst

Taylor Morrison Home Co. (NYSE:TMHC) – Analysts at Wedbush raised their Q3 2024 earnings estimates for Taylor Morrison Home in a report released on Wednesday, July 24th. Wedbush analyst J. Mccanless now anticipates that the construction company will earn $1.96 per share for the quarter, up from their prior forecast of $1.94. Wedbush currently has a “Neutral” rating and a $65.00 target price on the stock. The consensus estimate for Taylor Morrison Home’s current full-year earnings is $7.62 per share. Wedbush also issued estimates for Taylor Morrison Home’s Q4 2024 earnings at $2.45 EPS, FY2024 earnings at $8.21 EPS, Q1 2025 earnings at $1.77 EPS, Q2 2025 earnings at $2.15 EPS, Q3 2025 earnings at $2.34 EPS, Q4 2025 earnings at $2.71 EPS, FY2025 earnings at $9.13 EPS and FY2026 earnings at $9.74 EPS.

Taylor Morrison Home (NYSE:TMHC) last released its quarterly earnings data on Tuesday, April 30th. The construction company reported $1.75 EPS for the quarter, topping the consensus estimate of $1.57 by $0.18. The business 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 14.99% and a net margin of 9.92%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS.

TMHC has been the subject of several other research reports. StockNews.com lowered shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada upped their price target on shares of Taylor Morrison Home from $63.00 to $74.00 and gave the stock an “outperform” rating in a research report on Thursday. Barclays raised their price target on shares of Taylor Morrison Home from $62.00 to $72.00 and gave the company an “equal weight” rating in a research note on Thursday. Raymond James began coverage on Taylor Morrison Home in a report on Wednesday. They set an “outperform” rating and a $75.00 target price for the company. Finally, Zelman & Associates raised Taylor Morrison Home from an “underperform” rating to a “neutral” rating in a research note on Friday, April 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $66.50.

Taylor Morrison Home Stock Down 0.1 %

TMHC opened at $65.52 on Friday. The company has a fifty day moving average of $57.77 and a two-hundred day moving average of $56.75. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.91 and a current ratio of 6.01. Taylor Morrison Home has a fifty-two week low of $37.23 and a fifty-two week high of $67.66. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 9.37 and a beta of 1.95.

Institutional Trading of Taylor Morrison Home

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of Taylor Morrison Home during the 1st quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Taylor Morrison Home during the 4th quarter valued at about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Taylor Morrison Home in the 2nd quarter valued at about $31,000. Private Wealth Management Group LLC purchased a new stake in Taylor Morrison Home during the fourth quarter worth about $39,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Taylor Morrison Home during the fourth quarter worth about $48,000. 95.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the completion of the sale, the director now directly owns 2,255,316 shares in the company, valued at approximately $145,084,478.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Sheryl Palmer sold 100,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $61.70, for a total value of $6,170,000.00. Following the completion of the transaction, the chief executive officer now directly owns 19,211 shares in the company, valued at $1,185,318.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Lyon sold 30,000 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $64.33, for a total value of $1,929,900.00. Following the sale, the director now directly owns 2,255,316 shares of the company’s stock, valued at approximately $145,084,478.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,000 shares of company stock valued at $10,089,200. 3.50% of the stock is currently owned by insiders.

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.