Wall Street brokerages expect that Taylor Morrison Home Corp (NYSE:TMHC) will report earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Taylor Morrison Home’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.30. Taylor Morrison Home reported earnings of $0.77 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 40.3%. The company is expected to report its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $1.98 to $2.40. For the next financial year, analysts anticipate that the company will post earnings of $2.82 per share, with EPS estimates ranging from $2.55 to $3.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last issued its earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.19. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The company’s revenue was up 14.1% compared to the same quarter last year.

Several equities research analysts have recently weighed in on the company. ValuEngine raised Taylor Morrison Home from a “strong sell” rating to a “sell” rating in a research report on Friday, September 7th. Barclays set a $22.00 target price on Taylor Morrison Home and gave the stock a “hold” rating in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating in a research report on Wednesday, October 17th. Citigroup reaffirmed a “buy” rating and issued a $19.00 target price (down previously from $27.00) on shares of Taylor Morrison Home in a research report on Monday, October 29th. Finally, Deutsche Bank downgraded Taylor Morrison Home from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $14.00 in a research report on Monday, October 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $22.78.

Shares of NYSE TMHC opened at $16.04 on Wednesday. Taylor Morrison Home has a 1-year low of $14.73 and a 1-year high of $28.42. The company has a quick ratio of 1.07, a current ratio of 7.58 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $1.84 billion, a PE ratio of 6.47, a P/E/G ratio of 0.78 and a beta of 1.27.

A number of institutional investors and hedge funds have recently modified their holdings of TMHC. Long Pond Capital LP purchased a new position in Taylor Morrison Home in the second quarter valued at about $62,403,000. Dimensional Fund Advisors LP boosted its holdings in 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 valued at $166,538,000 after purchasing an additional 1,166,459 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Taylor Morrison Home by 13.1% in the third quarter. Alliancebernstein L.P. now owns 4,140,192 shares of the construction company’s stock valued at $74,689,000 after purchasing an additional 480,750 shares during the last quarter. Investec Asset Management LTD purchased a new position in Taylor Morrison Home in the second quarter valued at about $8,508,000. Finally, Brandes Investment Partners LP boosted its holdings in Taylor Morrison Home by 62.7% in the second quarter. Brandes Investment Partners LP now owns 1,047,473 shares of the construction company’s stock valued at $21,766,000 after purchasing an additional 403,710 shares during the last quarter. 99.02% of the stock is owned by hedge funds and other institutional investors.

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 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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