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

Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings results on Wednesday. The construction company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.40 by $0.24, Zacks reports. Taylor Morrison Home had a return on equity of 15.91% and a net margin of 10.39%.

Taylor Morrison Home Stock Performance

Shares of TMHC traded down $0.11 during mid-day trading on Wednesday, hitting $62.28. 485,088 shares of the company’s stock were exchanged, compared to its average volume of 912,378. Taylor Morrison Home has a fifty-two week low of $52.72 and a fifty-two week high of $75.49. The firm has a market capitalization of $6.44 billion, a P/E ratio of 8.20 and a beta of 2.03. The business’s 50 day moving average is $63.96 and its two-hundred day moving average is $66.43. The company has a current ratio of 6.24, a quick ratio of 0.69 and a debt-to-equity ratio of 0.37.

Insider Transactions at Taylor Morrison Home

In other Taylor Morrison Home news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The shares were 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 of the company’s stock, valued at approximately $152,294,229.36. This trade represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TMHC shares. BTIG Research boosted their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Wedbush upgraded Taylor Morrison Home from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $65.00 to $85.00 in a research note on Friday, October 25th. Wolfe Research upgraded Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a research note on Wednesday, January 8th. Raymond James restated an “outperform” rating and set a $84.00 price target (up from $81.00) on shares of Taylor Morrison Home in a research note on Tuesday, October 29th. Finally, Seaport Res Ptn cut Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.00.

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.