Analysts expect Taylor Morrison Home Corporation (NYSE:TMHC) to report $1.26 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Taylor Morrison Home’s earnings, with the lowest sales estimate coming in at $1.22 billion and the highest estimate coming in at $1.32 billion. Taylor Morrison Home reported sales of $1.20 billion during the same quarter last year, which indicates a positive year over year growth rate of 5%. The firm is scheduled to announce its next earnings report on Monday, January 29th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year sales of $1.26 billion for the current fiscal year, with estimates ranging from $3.75 billion to $3.91 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.30 billion per share, with estimates ranging from $4.11 billion to $4.56 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, November 1st. The construction company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The company had revenue of $908.00 million for the quarter, compared to the consensus estimate of $914.19 million. Taylor Morrison Home had a net margin of 2.41% and a return on equity of 4.18%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.49 EPS.

TMHC has been the topic of several research reports. Citigroup upgraded shares of Taylor Morrison Home from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, January 2nd. ValuEngine downgraded shares of Taylor Morrison Home from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Taylor Morrison Home from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Barclays set a $27.00 price target on shares of Taylor Morrison Home and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Wedbush reiterated a “neutral” rating and set a $27.00 price target on shares of Taylor Morrison Home in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.57.

Taylor Morrison Home (TMHC) opened at $27.75 on Friday. The stock has a market cap of $3,317.71, a PE ratio of 14.92, a P/E/G ratio of 0.96 and a beta of 1.47. The company has a current ratio of 6.85, a quick ratio of 0.81 and a debt-to-equity ratio of 0.63. Taylor Morrison Home has a 52-week low of $18.26 and a 52-week high of $28.42.

Taylor Morrison Home declared that its Board of Directors has initiated a stock buyback program on Wednesday, January 3rd that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

In other Taylor Morrison Home news, insider C. David Cone sold 35,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $23.79, for a total transaction of $832,650.00. Following the completion of the sale, the insider now directly owns 42,511 shares of the company’s stock, valued at approximately $1,011,336.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.40% of the company’s stock.

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp raised its holdings in Taylor Morrison Home by 13.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 356,953 shares of the construction company’s stock worth $7,871,000 after purchasing an additional 40,989 shares during the last quarter. BlackRock Inc. raised its holdings in Taylor Morrison Home by 51.5% during the 2nd quarter. BlackRock Inc. now owns 6,585,230 shares of the construction company’s stock worth $158,111,000 after purchasing an additional 2,239,679 shares during the last quarter. Capital Growth Management LP bought a new stake in Taylor Morrison Home during the 2nd quarter worth about $1,801,000. TIAA CREF Investment Management LLC raised its holdings in Taylor Morrison Home by 162.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 447,569 shares of the construction company’s stock worth $10,746,000 after purchasing an additional 276,939 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Taylor Morrison Home during the 2nd quarter worth about $1,410,000. 59.08% of the stock is owned by hedge funds and other institutional investors.

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Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).

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