A new trading day began on Monday, with Taylor Morrison Home Corp. (NYSE: TMHC) stock price down -4.69% from the previous day of trading, before settling in for the closing price of $70.97. TMHC’s price has ranged from $37.23 to $71.95 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 12.72%. Meanwhile, its annual earnings per share averaged 15.55%. With a float of $101.51 million, this company’s outstanding shares have now reached $106.92 million.
Considering the fact that the conglomerate employs 2800 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 24.0%, operating margin of 14.22%, and the pretax margin is 13.13%.
Taylor Morrison Home Corp. (TMHC) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Residential Construction Industry. The insider ownership of Taylor Morrison Home Corp. is 2.62%, while institutional ownership is 97.34%. The most recent insider transaction that took place on Sep 18 ’24, was worth 3,507,442. In this transaction Director of this company sold 49,928 shares at a rate of $70.25, taking the stock ownership to the 2,145,316 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Director sold 72 for $70.00, making the entire transaction worth $5,040. This insider now owns 2,195,244 shares in total.
Taylor Morrison Home Corp. (TMHC) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.57 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.80% during the next five years compared to 30.73% growth over the previous five years of trading.
Taylor Morrison Home Corp. (NYSE: TMHC) Trading Performance Indicators
Here are Taylor Morrison Home Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.74, a number that is poised to hit 2.07 in the next quarter and is forecasted to reach 8.95 in one year’s time.
Technical Analysis of Taylor Morrison Home Corp. (TMHC)
Compared to the last year’s volume of 0.78 million, its volume of 0.59 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 64.52%. Additionally, its Average True Range was 1.83.
During the past 100 days, Taylor Morrison Home Corp.’s (TMHC) raw stochastic average was set at 77.05%, which indicates a significant increase from 28.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.38% in the past 14 days, which was lower than the 32.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $66.94, while its 200-day Moving Average is $59.68. Nevertheless, the first resistance level for the watch stands at $69.87 in the near term. At $72.11, the stock is likely to face the second major resistance level. The third major resistance level sits at $73.30. If the price goes on to break the first support level at $66.44, it is likely to go to the next support level at $65.25. Should the price break the second support level, the third support level stands at $63.01.
Taylor Morrison Home Corp. (NYSE: TMHC) Key Stats
With a market capitalization of 7.05 billion, the company has a total of 105,764K Shares Outstanding. Currently, annual sales are 7,418 M while annual income is 768,930 K. The company’s previous quarter sales were 1,991 M while its latest quarter income was 199,460 K.
