Taylor Morrison Home Corporation Reports Record-Breaking Earnings and Revenue
April 27, 2023
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The company reported a GAAP earnings per share (EPS) of $1.74, which exceeded expectations by $0.42, and revenue of $1.66 billion, surpassing projections by $90 million. Taylor Morrison Home ($NYSE:TMHC) Corporation is one of the largest public homebuilders in the United States and specializes in the design, construction, and sale of single-family homes, townhomes, and condominiums. In addition to its homebuilding services, Taylor Morrison Home Corporation also offers financial services, with products such as mortgage loan origination, title services, and personal insurance. Its strong earnings and revenue results are a reflection of the increased demand for housing in the current market. Taylor Morrison Home Corporation is well-positioned to continue driving growth in the future and deliver exceptional returns to its shareholders.
Share Price
The stock opened at $38.8, and closed at $39.1, marking a decrease of 2.7% from its previous closing price of 40.1. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TMHC. More…
| Total Revenues | Net Income | Net Margin |
| 8.22k | 1.05k | 12.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TMHC. More…
| Operations | Investing | Financing |
| 1.11k | -14.88 | -1.2k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TMHC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 8.47k | 3.82k | 42.88 |
Key Ratios Snapshot
Some of the financial key ratios for TMHC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.0% | 63.1% | 17.6% |
| FCF Margin | ROE | ROA |
| 13.1% | 20.1% | 10.7% |
Analysis
At GoodWhale, we have analyzed the financials of TAYLOR MORRISON HOME and assigned them a Risk Rating of ‘Medium’. This means this investment is considered to have both some financial and business risk associated with it. Upon closer inspection, we have identified one risk warning in the balance sheet that potential investors should be aware of. If you’d like to take a deeper dive into the details of our analysis, you can register with us to get access to the full report. More…
Peers
The homebuilding industry is highly competitive, with many large and small companies vying for market share. Among the largest builders are Taylor Morrison Home Corp, KB Home, Meritage Homes Corp, and Beazer Homes USA Inc. These companies compete on a variety of fronts, including price, product offerings, customer service, and geographic focus.
– KB Home ($NYSE:KBH)
KB Home is a homebuilding company that was founded in 1957. The company has a market cap of $2.46 billion and a return on equity of 18.25%. KB Home builds and sells both single-family and multi-family homes in the United States. The company has operations in 35 markets across nine states.
– Meritage Homes Corp ($NYSE:MTH)
Meritage Homes is a homebuilding company that was founded in 1985 and is headquartered in Scottsdale, Arizona. The company builds and sells single-family homes and multi-family homes in the United States. As of 2022, the company has a market cap of 2.65 billion and a return on equity of 22.62%. The company operates in over 50 markets across the United States and has built over 115,000 homes since its inception. Meritage Homes is a publicly-traded company and its stock is listed on the New York Stock Exchange.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilder that operates in the United States. The company has a market capitalization of $345.59 million and a return on equity of 15.8%. Beazer Homes builds and sells single-family homes, townhomes, and condominiums. The company operates in Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Maryland, Nevada, North Carolina, South Carolina, Tennessee, Texas, and Virginia.
Summary
Taylor Morrison Home Corporation recently reported their quarterly earnings and they beat analyst expectations. Their GAAP EPS of $1.74 was $0.42 higher than the expected figure, while their revenue of $1.66B beat the estimated $90M. These positive results suggest Taylor Morrison Home Corporation is performing well and that investors may find further value in their current stock. The company’s growth potential and financial stability should be investigated before any additional investments are made.
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