Taylor Morrison Home (TMHC) to Release Quarterly Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, October 23rd. Analysts expect Taylor Morrison Home to post earnings of $2.06 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.06. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.87 billion. Taylor Morrison Home had a net margin of 9.92% and a return on equity of 14.99%. On average, analysts expect Taylor Morrison Home to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Taylor Morrison Home Stock Up 2.3 %

Shares of NYSE TMHC traded up $1.61 during mid-day trading on Wednesday, hitting $70.61. The company had a trading volume of 127,832 shares, compared to its average volume of 784,154. Taylor Morrison Home has a one year low of $37.23 and a one year high of $71.95. The company has a market capitalization of $7.36 billion, a PE ratio of 10.25 and a beta of 1.96. The company has a current ratio of 6.01, a quick ratio of 0.67 and a debt-to-equity ratio of 0.39. The firm has a 50-day simple moving average of $66.28 and a two-hundred day simple moving average of $61.16.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of Taylor Morrison Home in a research note on Wednesday, July 24th. They set an "outperform" rating and a $75.00 price objective on the stock. BTIG Research raised Taylor Morrison Home from a "neutral" rating to a "buy" rating and set a $78.00 price objective for the company in a research report on Monday, August 19th. StockNews.com lowered Taylor Morrison Home from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on Taylor Morrison Home from $63.00 to $74.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Finally, Zelman & Associates raised shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating in a research report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $70.17.

Insider Buying and Selling

In related news, Director William H. Lyon sold 30,000 shares of Taylor Morrison Home stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.31, for a total value of $1,989,300.00. Following the transaction, the director now directly owns 2,225,316 shares of the company's stock, valued at $147,560,703.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Taylor Morrison Home news, Director William H. Lyon sold 30,000 shares of the business's stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $66.31, for a total transaction of $1,989,300.00. Following the completion of the transaction, the director now owns 2,225,316 shares of the company's stock, valued at approximately $147,560,703.96. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Lyon sold 1,741 shares of the firm's stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $68.03, for a total transaction of $118,440.23. Following the completion of the sale, the director now owns 2,195,316 shares in the company, valued at approximately $149,347,347.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,072 shares of company stock valued at $4,041,457 over the last quarter. 3.50% of the stock is owned by company insiders.

About Taylor Morrison Home

Taylor Morrison Home Corporation, together with its subsidiaries, operates as a public homebuilder in the United States. The company designs, builds, and sells single and multi-family detached and attached homes; and develops lifestyle and master-planned communities. It develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name.