Brokerages predict that Taylor Morrison Home Corp (NYSE:TMHC) will post sales of $1.46 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Taylor Morrison Home’s earnings, with the highest sales estimate coming in at $1.50 billion and the lowest estimate coming in at $1.44 billion. Taylor Morrison Home posted sales of $1.30 billion during the same quarter last year, which suggests a positive year over year growth rate of 12.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Taylor Morrison Home will report full-year sales of $4.22 billion for the current year, with estimates ranging from $4.14 billion to $4.27 billion. For the next year, analysts forecast that the firm will post sales of $4.52 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Taylor Morrison Home.

Taylor Morrison Home (NYSE:TMHC) last posted its quarterly earnings results on Wednesday, October 31st. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.19. Taylor Morrison Home had a return on equity of 11.21% and a net margin of 5.34%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The business’s revenue was up 14.1% compared to the same quarter last year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research raised Taylor Morrison Home from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Barclays set a $18.00 price objective on Taylor Morrison Home and gave the company a “sell” rating in a research report on Thursday, November 1st. Wells Fargo & Co set a $24.00 price objective on Taylor Morrison Home and gave the company a “buy” rating in a research report on Thursday, November 1st. Deutsche Bank raised their price objective on Taylor Morrison Home from $14.00 to $16.00 and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Citigroup reissued a “buy” rating and issued a $19.00 price target (down previously from $27.00) on shares of Taylor Morrison Home in a report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $22.78.

A number of hedge funds and other institutional investors have recently modified their holdings of TMHC. Commonwealth Bank of Australia purchased a new position in shares of Taylor Morrison Home in the third quarter worth about $137,000. Rehmann Capital Advisory Group raised its stake in shares of Taylor Morrison Home by 1,703.9% in the third quarter. Rehmann Capital Advisory Group now owns 5,574 shares of the construction company’s stock worth $309,000 after purchasing an additional 5,265 shares during the last quarter. GAM Holding AG purchased a new position in shares of Taylor Morrison Home in the second quarter worth about $318,000. SG Americas Securities LLC raised its stake in shares of Taylor Morrison Home by 57.5% in the second quarter. SG Americas Securities LLC now owns 16,418 shares of the construction company’s stock worth $341,000 after purchasing an additional 5,995 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Taylor Morrison Home by 82.1% in the third quarter. Russell Investments Group Ltd. now owns 21,204 shares of the construction company’s stock worth $382,000 after purchasing an additional 9,562 shares during the last quarter. 93.62% of the stock is owned by institutional investors and hedge funds.

TMHC stock traded down $0.54 during trading on Friday, reaching $16.63. 2,730,360 shares of the company traded hands, compared to its average volume of 1,181,114. Taylor Morrison Home has a 12 month low of $14.73 and a 12 month high of $28.42. The company has a market cap of $2.01 billion, a P/E ratio of 8.40, a PEG ratio of 0.80 and a beta of 1.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 7.58 and a quick ratio of 1.07.

About Taylor Morrison Home

Taylor Morrison Home Corporation operates as a public homebuilder in the United States. The company designs, builds, and sells single-family detached and attached homes; and develops lifestyle and master-planned communities. It operates under the Taylor Morrison and Darling Homes brand names in Arizona, California, Colorado, Florida, Georgia, Illinois, North Carolina and Texas.

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