Zacks: Brokerages Anticipate Taylor Morrison Home Corp (NYSE:TMHC) Will Announce Quarterly Sales of $1.46 Billion

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Wall Street brokerages expect Taylor Morrison Home Corp (NYSE:TMHC) to post $1.46 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Taylor Morrison Home’s earnings, with estimates ranging from $1.45 billion to $1.47 billion. Taylor Morrison Home also posted sales of $1.46 billion in the same quarter last year. The company is expected to report its next earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Taylor Morrison Home will report full year sales of $4.76 billion for the current year, with estimates ranging from $4.73 billion to $4.80 billion. For the next financial year, analysts expect that the firm will report sales of $4.90 billion, with estimates ranging from $4.76 billion to $5.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last announced its earnings results on Wednesday, October 30th. The construction company reported $0.65 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.65. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.12 billion. Taylor Morrison Home had a return on equity of 12.50% and a net margin of 4.40%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Co increased their target price on Taylor Morrison Home from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. B. Riley set a $29.00 target price on Taylor Morrison Home and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Zacks Investment Research upgraded Taylor Morrison Home from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Saturday, August 3rd. G.Research reiterated a “hold” rating on shares of Taylor Morrison Home in a research note on Thursday. Finally, Wedbush reiterated an “outperform” rating on shares of Taylor Morrison Home in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.50.

In other Taylor Morrison Home news, insider C. David Cone sold 21,205 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $23.06, for a total transaction of $488,987.30. Following the transaction, the insider now owns 80,230 shares in the company, valued at approximately $1,850,103.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Darrell Sherman sold 131,002 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $25.00, for a total value of $3,275,050.00. Following the transaction, the executive vice president now owns 97,725 shares in the company, valued at approximately $2,443,125. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 600,491 shares of company stock worth $14,361,881. Corporate insiders own 1.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC bought a new position in Taylor Morrison Home during the 3rd quarter worth $107,000. Alps Advisors Inc. bought a new position in Taylor Morrison Home during the 3rd quarter worth $373,000. Huntington National Bank bought a new position in Taylor Morrison Home during the 3rd quarter worth $26,000. Russell Investments Group Ltd. increased its stake in Taylor Morrison Home by 206.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 213,709 shares of the construction company’s stock worth $5,500,000 after acquiring an additional 144,020 shares during the period. Finally, Emerald Mutual Fund Advisers Trust bought a new position in Taylor Morrison Home during the 3rd quarter worth $5,394,000. Hedge funds and other institutional investors own 99.48% of the company’s stock.

Shares of NYSE TMHC opened at $21.80 on Friday. The firm has a market cap of $2.49 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. The company has a current ratio of 7.32, a quick ratio of 0.61 and a debt-to-equity ratio of 0.87. Taylor Morrison Home has a 1-year low of $15.03 and a 1-year high of $28.00. The business’s 50 day moving average is $25.76 and its 200-day moving average is $22.63.

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 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.

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