Taylor Morrison Home Corp (TMHC) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Taylor Morrison Home Corp (TMHC) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.23. The company posted revenue of $645.00 million in the period, compared to analysts expectations of $606.15 million. The company’s revenue was up 26.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Taylor Morrison Home Corp. Taylor Morrison Home Corp was Upgraded by Credit Suisse to ” Outperform” on Mar 8, 2016. Shares were Reiterated by Deutsche Bank on Feb 9, 2016 to “Buy” and Lowered the Price Target to $ 20 from a previous price target of $26 .

Taylor Morrison Home Corp closed down -0.14 points or -0.97% at $14.26 with 2,80,166 shares getting traded on Monday. Post opening the session at $14.5, the shares hit an intraday low of $14.14 and an intraday high of $14.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Feb 10, 2016, Anne L Mariucci (director) purchased 8,925 shares at $11.27 per share price. According to the SEC, on Feb 10, 2016, Joseph Terracciano (Chief Accounting Officer) purchased 51 shares at $11.75 per share price. On Feb 10, 2016, Sheryl Palmer (CEO) purchased 7,500 shares at $11.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Taylor Morrison Home Corporation (Taylor Morrison) is a real estate development company. Its business is organized into ten homebuilding operating divisions which are aggregated into two homebuilding segments East and West and a mortgage and financial services segment Mortgage Operations. These segments are engaged in the business of acquiring and developing land constructing homes marketing and selling those homes and providing warranty and customer service. It provides residential homebuilding and the development of lifestyle communities with operations geographically focused in Arizona California Colorado Florida and Texas. It operates under the Taylor Morrison and Darling Homes brand names in the United States. It provides financial services to customers through its wholly owned mortgage subsidiary Taylor Morrison Home Funding LLC (TMHF).

Taylor Morrison Home Corp

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