Taylor Wimpey (LON:TW) Announces Earnings Results

Key Points

• Taylor Wimpey reported a quarterly earnings per share (EPS) of GBX 3.20 ($0.04) with a net margin of 7.25% and a return on equity of 5.50%.
• Following the earnings release, shares of Taylor Wimpey declined to GBX 107.15 ($1.43), with a current market capitalization of £3.85 billion.
• Analysts have mixed ratings on the stock, with a consensus of “Moderate Buy” and an average target price of GBX 151.40 ($2.02).

Taylor Wimpey (LON:TW - Get Free Report) announced its quarterly earnings results on Wednesday. The homebuilder reported GBX 3.20 ($0.04) earnings per share for the quarter, Digital Look Earnings reports. Taylor Wimpey had a return on equity of 5.50% and a net margin of 7.25%.

Taylor Wimpey Price Performance

Taylor Wimpey stock traded down GBX 1.15 ($0.02) during midday trading on Friday, reaching GBX 101.10 ($1.34). The company had a trading volume of 24,635,519 shares, compared to its average volume of 2,409,451. The company has a market capitalization of £3.63 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.04 and a beta of 1.81. The business has a 50-day moving average of GBX 115.07 and a two-hundred day moving average of GBX 114.48. The company has a quick ratio of 0.71, a current ratio of 5.08 and a debt-to-equity ratio of 2.79.

Analyst Ratings Changes

Several equities research analysts have weighed in on TW shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Taylor Wimpey in a research report on Thursday. Royal Bank Of Canada lowered their target price on shares of Taylor Wimpey from GBX 135 ($1.79) to GBX 130 ($1.73) and set a "sector perform" rating on the stock in a research note on Thursday. Berenberg Bank lowered their target price on shares of Taylor Wimpey from GBX 150 ($1.99) to GBX 135 ($1.79) and set a "buy" rating on the stock in a research note on Wednesday. Finally, Citigroup lowered their target price on shares of Taylor Wimpey from GBX 150 ($1.99) to GBX 147 ($1.95) and set a "buy" rating on the stock in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 147.40 ($1.96).

Taylor Wimpey Company Profile

Taylor Wimpey plc operates as a homebuilder in the United Kingdom and Spain. It builds and delivers various homes and communities. Taylor Wimpey plc was incorporated in 1935 and is based in High Wycombe, the United Kingdom.