Revenue Update on Taylor Morrison Home Corp(NYSE:TMHC)

Taylor Morrison Home Corp(NYSE:TMHC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $854.32M. Analysts estimated a revenue of $793.63M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.33.

In a different note, On May 12, 2016, Citigroup said it Maintains its rating on Taylor Morrison Home Corp. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm.

Taylor Morrison Home Corp (TMHC) shares turned negative on Fridays trading session with the shares closing down -0.28 points or -1.63% at a volume of 1,49,464. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.2. The peak price level was also seen at $17.2 while the days lowest was $16.8. Finally the shares closed at $16.89. The 52-week high of the shares is $21.55 while the 52-week low is $10.33. According to the latest information available, the market cap of the company is $2,018 M.

Several Insider Transactions has been reported to the SEC. On Feb 10, 2016, Anne L Mariucci (director) purchased 8,925 shares at $11.27 per share price.Also, 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).

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