Taylor Morrison Home (TMHC) Projected to Post Quarterly Earnings on Wednesday

Taylor Morrison Home (NYSE:TMHC - Get Free Report) will likely be announcing its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.85 per share and revenue of $1.81 billion for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Taylor Morrison Home (NYSE:TMHC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The construction company reported $2.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.24. Taylor Morrison Home had a return on equity of 16.50% and a net margin of 10.81%. On average, analysts expect Taylor Morrison Home to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Taylor Morrison Home Trading Up 2.8 %

NYSE:TMHC traded up $1.53 on Friday, hitting $56.44. 1,008,345 shares of the stock were exchanged, compared to its average volume of 890,234. The company's 50-day moving average price is $59.89 and its 200 day moving average price is $64.43. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $75.49. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 6.82 and a beta of 1.76. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.94 and a current ratio of 6.39.

Insider Activity

In other Taylor Morrison Home news, Director David C. Merritt sold 2,402 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $63.98, for a total value of $153,679.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Joseph Terracciano sold 1,537 shares of Taylor Morrison Home stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $60.75, for a total transaction of $93,372.75. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on TMHC. JPMorgan Chase & Co. decreased their price objective on Taylor Morrison Home from $90.00 to $82.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Royal Bank of Canada increased their target price on Taylor Morrison Home from $72.00 to $74.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. BTIG Research set a $75.00 price target on Taylor Morrison Home and gave the company a "buy" rating in a research note on Wednesday. Wolfe Research raised Taylor Morrison Home from a "peer perform" rating to an "outperform" rating and set a $76.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn raised Taylor Morrison Home from a "strong sell" rating to a "hold" rating in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Taylor Morrison Home presently has a consensus rating of "Moderate Buy" and an average price target of $78.00.

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.