Taylor Morrison Home Corp (NASDAQ:TMHC) - Analysts at Wedbush cut their Q3 2017 earnings per share (EPS) estimates for Taylor Morrison Home Corp in a note issued to investors on Wednesday. Wedbush analyst J. Mccanless now expects that the construction company will earn $0.42 per share for the quarter, down from their prior forecast of $0.48. Wedbush also issued estimates for Taylor Morrison Home Corp’s Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $1.79 EPS, Q1 2018 earnings at $0.37 EPS, Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.56 EPS and Q4 2018 earnings at $0.78 EPS.
A number of other research analysts also recently commented on the company. BidaskClub downgraded Taylor Morrison Home Corp from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded Taylor Morrison Home Corp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Tuesday, July 4th. ValuEngine upgraded Taylor Morrison Home Corp from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Finally, FBR & Co increased their target price on Taylor Morrison Home Corp from $21.00 to $23.00 and gave the company a “mkt perform” rating in a research report on Friday, April 28th. Eight equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Taylor Morrison Home Corp has an average rating of “Hold” and an average target price of $22.00.
Shares of Taylor Morrison Home Corp (NASDAQ:TMHC) opened at 22.33 on Friday. The stock has a 50 day moving average of $23.90 and a 200-day moving average of $22.09. The company has a market capitalization of $1.32 billion and a price-to-earnings ratio of 12.41. Taylor Morrison Home Corp has a one year low of $15.82 and a one year high of $24.79.
Taylor Morrison Home Corp (NASDAQ:TMHC) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.08. The firm had revenue of $908.49 million during the quarter, compared to analyst estimates of $849.70 million. Taylor Morrison Home Corp had a net margin of 4.63% and a return on equity of 6.12%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 EPS.
Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Taylor Morrison Home Corp by 50.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,095,563 shares of the construction company’s stock worth $21,101,000 after buying an additional 368,009 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Taylor Morrison Home Corp during the fourth quarter worth about $480,000. Teachers Advisors LLC increased its stake in shares of Taylor Morrison Home Corp by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 53,122 shares of the construction company’s stock worth $1,023,000 after buying an additional 3,771 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth about $207,000. Finally, Columbus Circle Investors bought a new stake in shares of Taylor Morrison Home Corp during the first quarter worth about $7,005,000.
About Taylor Morrison Home Corp
Taylor Morrison Home Corporation is a homebuilder, which designs, builds and sells single-family detached and attached homes. The Company is also a land developer, with a portfolio of lifestyle and master-planned communities. Its segments include East, which includes Atlanta, Charlotte, North Florida, Raleigh, Southwest Florida and Tampa; Central, which includes Austin, Dallas, and Houston (each of the Dallas and Houston markets include both a Taylor Morrison division and a Darling Homes division); West, which includes Bay Area, Chicago, Denver, Phoenix, Sacramento and Southern California, and Mortgage Operations, which includes Taylor Morrison Home Funding, LLC (TMHF) and Inspired Title Services, LLC (Inspired Title).
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