Equities analysts expect Taylor Morrison Home Corp (NYSE:TMHC) to report $0.63 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Taylor Morrison Home’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.66. Taylor Morrison Home reported earnings of $0.45 per share during the same quarter last year, which would indicate a positive year over year growth rate of 40%. The business is expected to issue its next earnings report on Wednesday, November 7th.

On average, analysts expect that Taylor Morrison Home will report full year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.53 to $2.70. For the next year, analysts expect that the firm will post earnings of $2.86 per share, with EPS estimates ranging from $2.59 to $3.02. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, August 1st. The construction company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $980.83 million for the quarter, compared to the consensus estimate of $923.15 million. Taylor Morrison Home had a net margin of 3.97% and a return on equity of 8.60%. Taylor Morrison Home’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.46 earnings per share.

TMHC has been the topic of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Taylor Morrison Home in a research note on Wednesday, June 27th. They set a “sector perform” rating on the stock. ValuEngine raised shares of Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 4th. Zacks Investment Research downgraded shares of Taylor Morrison Home from a “buy” rating to a “hold” rating in a research note on Saturday, July 7th. Barclays set a $22.00 price target on shares of Taylor Morrison Home and gave the stock a “hold” rating in a research note on Wednesday, August 1st. Finally, JMP Securities cut their price target on shares of Taylor Morrison Home from $28.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $26.67.

NYSE:TMHC traded down $0.06 during trading hours on Friday, reaching $15.94. 39,250 shares of the company were exchanged, compared to its average volume of 1,380,007. The company has a quick ratio of 0.88, a current ratio of 6.86 and a debt-to-equity ratio of 0.63. The company has a market cap of $2.03 billion, a P/E ratio of 8.06, a P/E/G ratio of 0.59 and a beta of 1.26. Taylor Morrison Home has a 52-week low of $15.62 and a 52-week high of $28.42.

Several institutional investors have recently added to or reduced their stakes in TMHC. BlackRock Inc. increased its position in shares of Taylor Morrison Home by 47.7% in the first quarter. BlackRock Inc. now owns 10,187,420 shares of the construction company’s stock worth $237,164,000 after acquiring an additional 3,289,728 shares in the last quarter. Long Pond Capital LP acquired a new stake in shares of Taylor Morrison Home in the second quarter worth $62,403,000. Dimensional Fund Advisors LP increased its position in shares of Taylor Morrison Home by 17.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,014,452 shares of the construction company’s stock worth $166,538,000 after acquiring an additional 1,166,459 shares in the last quarter. Millennium Management LLC increased its position in shares of Taylor Morrison Home by 25.2% in the first quarter. Millennium Management LLC now owns 4,556,517 shares of the construction company’s stock worth $106,076,000 after acquiring an additional 917,686 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new stake in shares of Taylor Morrison Home in the second quarter worth $8,508,000. 99.01% of the stock is owned by institutional investors.

Taylor Morrison Home Company Profile

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached 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.

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

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