Taylor Morrison Reports Second Quarter 2020 Results, Tracking to Year-over-year Net Sales Growth of 80 Percent for July

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Go back to Taylor Morrison Reports Second Quarter 2020 Results, Tracking to Year-over-year Net Sales Growth of 80 Percent for July

Taylor Morrison Home (TMHC) PT Raised to $32 at Wedbush

July 30, 2020 12:05 PM EDT

Wedbush analyst Jay McCanless raised the price target on Taylor Morrison Home (NYSE: TMHC) to $32.00 (from $25.00) while maintaining a Outperform rating.

Raising our PT & EPS Estimates on Cost Control & Pricing Power... More

Taylor Morrison Home (TMHC) Tops Q2 EPS by 28c

July 30, 2020 7:01 AM EDT

Taylor Morrison Home (NYSE: TMHC) reported Q2 EPS of $0.80, $0.28 better than the analyst estimate of $0.52. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.56 billion.

Second Quarter 2020 Highlights:

Net sales orders were 3,453, approximately a 23 percent increase over the prior year quarterAverage monthly sales pace per community was 2.8, tying the highest level for the second quarter in yearsHome closings were 3,212, approximately a 24 percent increase over the prior year quarterTotal revenue was $1.53 billion, more than a 20 percent increase compared to the prior year... More