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

Taylor Morrison Home (NYSE:TMHC) announced its quarterly earnings data on Wednesday. The construction company reported $2.64 EPS for the quarter, beating 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 Stock Up 3.5 %

TMHC opened at $64.59 on Thursday. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 8.54 and a beta of 2.03. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.69 and a current ratio of 6.24. The firm’s 50-day simple moving average is $63.74 and its 200-day simple moving average is $66.39. Taylor Morrison Home has a twelve month low of $52.72 and a twelve month high of $75.49.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Barclays raised Taylor Morrison Home from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $75.00 to $90.00 in a report on Wednesday, December 11th. Seaport Res Ptn lowered Taylor Morrison Home from a “hold” rating to a “strong sell” rating in a research note on Monday, January 27th. BTIG Research raised their target price on Taylor Morrison Home from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Wolfe Research raised shares of Taylor Morrison Home from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Wednesday, January 8th. Finally, Raymond James reaffirmed an “outperform” rating and set a $84.00 price objective (up from $81.00) on shares of Taylor Morrison Home in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.00.

Insider Activity at Taylor Morrison Home

In related news, Director William H. Lyon sold 24,284 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $74.46, for a total transaction of $1,808,186.64. Following the completion of the sale, the director now directly owns 2,045,316 shares of the company’s stock, valued at $152,294,229.36. This trade represents a 1.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by 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.