Taylor Morrison Home (NYSE:TMHC) Issues Earnings Results

Taylor Morrison Home (NYSE:TMHC - Get Free Report) issued its earnings results on Wednesday. The construction company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.94 by $0.08, Zacks reports. Taylor Morrison Home had a net margin of 10.72% and a return on equity of 16.22%. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the firm earned $1.86 earnings per share. The firm's revenue for the quarter was up 2.0% on a year-over-year basis.

Taylor Morrison Home Stock Performance

TMHC traded down $0.31 during midday trading on Friday, hitting $60.41. 474,582 shares of the company traded hands, compared to its average volume of 1,062,231. The company has a quick ratio of 0.86, a current ratio of 6.54 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $6.06 billion, a PE ratio of 6.97 and a beta of 1.57. The company's 50-day moving average is $60.27 and its 200 day moving average is $60.51. Taylor Morrison Home has a 52 week low of $51.90 and a 52 week high of $75.49.

Institutional Trading of Taylor Morrison Home

A hedge fund recently raised its stake in Taylor Morrison Home stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Taylor Morrison Home Corporation (NYSE:TMHC - Free Report) by 5.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 299,888 shares of the construction company's stock after buying an additional 16,379 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.30% of Taylor Morrison Home worth $18,005,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 95.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TMHC shares. BTIG Research set a $75.00 price objective on shares of Taylor Morrison Home and gave the company a "buy" rating in a research report on Wednesday, April 16th. Barclays set a $69.00 target price on shares of Taylor Morrison Home and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Bank of America started coverage on shares of Taylor Morrison Home in a research report on Monday, May 5th. They issued a "buy" rating and a $70.00 target price on the stock. Seaport Res Ptn raised shares of Taylor Morrison Home from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Taylor Morrison Home from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Taylor Morrison Home presently has an average rating of "Buy" and a consensus target price of $76.88.

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.