Taylor Morrison Home Corp (NYSE:TMHC) Expected to Earn FY2019 Earnings of $2.60 Per Share

Taylor Morrison Home Corp (NYSE:TMHC) – Analysts at Gabelli boosted their FY2019 earnings per share estimates for shares of Taylor Morrison Home in a research note issued on Thursday, May 2nd, Zacks Investment Research reports. Gabelli analyst A. Lacayo now anticipates that the construction company will post earnings of $2.60 per share for the year, up from their prior estimate of $2.40. Gabelli also issued estimates for Taylor Morrison Home’s FY2020 earnings at $2.85 EPS, FY2021 earnings at $3.00 EPS, FY2022 earnings at $3.20 EPS and FY2023 earnings at $3.30 EPS.

Taylor Morrison Home (NYSE:TMHC) last announced its quarterly earnings results on Wednesday, May 1st. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $925.10 million during the quarter, compared to the consensus estimate of $872.44 million. Taylor Morrison Home had a net margin of 4.83% and a return on equity of 12.89%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 EPS.

Several other equities analysts also recently weighed in on TMHC. Zacks Investment Research upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Wednesday, April 17th. ValuEngine upgraded shares of Taylor Morrison Home from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada upgraded shares of Taylor Morrison Home from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $23.00 to $25.00 in a report on Thursday, May 16th. Citigroup raised their target price on shares of Taylor Morrison Home from $22.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, B. Riley raised their target price on shares of Taylor Morrison Home from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Thursday, February 14th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.77.

NYSE:TMHC traded down $0.10 during mid-day trading on Monday, hitting $19.99. 891,600 shares of the company’s stock traded hands, compared to its average volume of 1,296,565. The company has a current ratio of 7.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.91. Taylor Morrison Home has a 1 year low of $14.73 and a 1 year high of $22.55. The company has a market capitalization of $2.19 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19.

In other Taylor Morrison Home news, insider Joseph Terracciano sold 1,964 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $20.71, for a total transaction of $40,674.44. Following the sale, the insider now directly owns 2,015 shares of the company’s stock, valued at approximately $41,730.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.90% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. boosted its stake in shares of Taylor Morrison Home by 6.2% during the 1st quarter. TD Asset Management Inc. now owns 12,125 shares of the construction company’s stock worth $215,000 after purchasing an additional 706 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Taylor Morrison Home by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 23,357 shares of the construction company’s stock worth $371,000 after acquiring an additional 910 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Taylor Morrison Home by 10.6% in the first quarter. First Mercantile Trust Co. now owns 10,494 shares of the construction company’s stock worth $186,000 after acquiring an additional 1,004 shares during the last quarter. BerganKDV Wealth Management LLC boosted its position in shares of Taylor Morrison Home by 237.6% in the fourth quarter. BerganKDV Wealth Management LLC now owns 1,688 shares of the construction company’s stock worth $27,000 after acquiring an additional 1,188 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Taylor Morrison Home by 26.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,463 shares of the construction company’s stock worth $119,000 after acquiring an additional 1,577 shares during the last quarter.

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 and multi-family attached and detached 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.

Further Reading: Real Estate Investment Trust (REIT) ETF

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

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