TMHC Stock Recent News

Here is how Taylor Morrison Home (TMHC) and Toll Brothers (TOL) have performed compared to their sector so far this year.

Taylor Morrison's stock has experienced significant upside, despite mixed financial results, indicating that the worst may be behind the company. The company's revenue remained robust, but net income and profitability metrics worsened due to increased costs. The number of new orders has increased, suggesting a positive long-term outlook for the company, and the stock is cheap compared to similar firms.

Taylor Morrison is benefiting from strong US demographics and a current housing supply shortage. TMHC is exposed to favorable regional markets, such as Texas and the post-industrial East, and has been able to navigate labor shortages and material inflation. The company's low valuation and upcoming build-to-rent business provide potential for profit growth or at least stability as they accelerate starts and land acquisition.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here is how Taylor Morrison Home (TMHC) and Toll Brothers (TOL) have performed compared to their sector so far this year.

Sheryl Palmer, Taylor Morrison CEO, joins 'Squawk on the Street' to discuss some of the housing market's positive data, how seasonality will play into today's real estate sector and the demographic implications of the bifurcation in first-time home buyers and others.

Taylor Morrison CEO Sheryl Palmer joins 'Squawk on the Street' to discuss how long the company's strength can continue, Morrison's long-term thoughts on the lack of housing inventory, and what could loosen the tight inventory dynamic.

The headline numbers for Taylor Morrison (TMHC) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Taylor Morrison Home (TMHC) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $2.27 per share a year ago.

Sequentially higher deliveries and improved margins are likely to have aided Taylor Morrison Home's (TMHC) Q2 performance for its home closing segment. Yet, higher costs are a concern.