Taylor Morrison Home (NYSE:TMHC) Posts Earnings Results, Beats Expectations By $0.24 EPS

Taylor Morrison Home (NYSE:TMHC - Get Free Report) posted its quarterly earnings results on Wednesday. The construction company reported $2.64 EPS for the quarter, topping analysts' consensus estimates of $2.40 by $0.24, Zacks reports. Taylor Morrison Home had a net margin of 10.39% and a return on equity of 15.91%.

Taylor Morrison Home Trading Up 0.2 %

NYSE TMHC traded up $0.16 during trading on Friday, reaching $64.11. 1,156,444 shares of the stock traded hands, compared to its average volume of 928,946. The firm has a market cap of $6.63 billion, a price-to-earnings ratio of 8.48 and a beta of 2.03. Taylor Morrison Home has a fifty-two week low of $53.17 and a fifty-two week high of $75.49. The stock's 50-day moving average price is $63.43 and its 200 day moving average price is $66.32. The company has a quick ratio of 0.69, a current ratio of 6.24 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wolfe Research upgraded Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price target on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Taylor Morrison Home from $101.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, December 13th. Raymond James reiterated an "outperform" rating and set a $84.00 price objective (up previously from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. Wedbush raised Taylor Morrison Home from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $65.00 to $85.00 in a research report on Friday, October 25th. Finally, Barclays raised Taylor Morrison Home from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and a consensus target price of $83.57.

Insider Activity at Taylor Morrison Home

In other news, Director William H. Lyon sold 24,284 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $74.46, for a total value of $1,808,186.64. Following the completion of the sale, the director now owns 2,045,316 shares of the company's stock, valued at approximately $152,294,229.36. This represents a 1.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.50% of the company's stock.

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.