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 also develops and constructs multi-use properties consisting of commercial space, retail, and multi-family properties under the Urban Form brand name; and offers title insurance and closing settlement services, as well as financial services. In addition, the company operates under the Taylor Morrison, William Lyon Signature, and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Nevada, North and South Carolina, Oregon, Texas, and Washington. Taylor Morrison Home Corporation was founded in 1936 and is headquartered in Scottsdale, Arizona.
Taylor Morrison Home Price Performance
Shares of NYSE:TMHC opened at $28.88 on Friday. The company has a quick ratio of 0.54, a current ratio of 5.18 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $3.28 billion, a PE ratio of 3.89 and a beta of 1.75. The stock's 50 day moving average price is $25.82 and its 200-day moving average price is $27.73. Taylor Morrison Home has a twelve month low of $20.05 and a twelve month high of $35.51.
Taylor Morrison Home (NYSE:TMHC - Get Rating) last announced its earnings results on Wednesday, July 27th. The construction company reported $2.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.42. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Taylor Morrison Home had a return on equity of 22.19% and a net margin of 11.27%. The business's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $0.95 EPS. On average, equities analysts anticipate that Taylor Morrison Home will post 9.59 EPS for the current year.
Analyst Upgrades and Downgrades
TMHC has been the subject of several research analyst reports. B. Riley lowered shares of Taylor Morrison Home from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $36.00 to $28.00 in a research note on Thursday, June 16th. Royal Bank of Canada cut Taylor Morrison Home from an "outperform" rating to a "sector perform" rating and raised their price objective for the company from $28.00 to $29.00 in a research note on Thursday, July 28th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their target price on Taylor Morrison Home from $35.00 to $30.00 and set an "overweight" rating on the stock in a report on Tuesday, July 12th. Credit Suisse Group upgraded shares of Taylor Morrison Home from a "neutral" rating to an "outperform" rating and set a $33.00 price objective for the company in a report on Monday, July 11th. Finally, StockNews.com upgraded shares of Taylor Morrison Home from a "hold" rating to a "buy" rating in a report on Thursday, July 28th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Taylor Morrison Home currently has an average rating of "Moderate Buy" and an average target price of $31.14.