Taylor Morrison Home (TMHC) Tops Q4 EPS by 2c
Taylor Morrison Home (NYSE: TMHC) reported Q4 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $970 million versus the consensus estimate of $984.99 million.
4th Quarter 2015 Key Business Highlights
- Average community count increased 30% from the prior year quarter to 286 average communities
- Net sales orders increased over 11% from the prior year quarter to 1,440
- Home closings increased over 5% from the prior year quarter to 2,068
- Backlog of homes under contract at the end of the quarter was 2,932 units, with a sales value of $1.4 billion
- Average price of homes closed was $452,000
- Average monthly absorption pace per community was 1.7 for the quarter
- Mortgage operations reported gross profit of $6.9 million on revenue of $14.3 million
For earnings history and earnings-related data on Taylor Morrison Home (TMHC) click here.
