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Taylor Morrison (TMHC)
NYSE:TMHC
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.89Last Year’s EPS
1.75Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: -0.66%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, increased net orders, and strategic land positioning, contributing positively to the company's outlook. However, challenges were noted in the resort lifestyle segment, rising land costs, and increased incentives due to interest rates, which may impact future margins.Company Guidance
During the Taylor Morrison Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, projecting between 13,500 to 14,000 home closings with a gross margin of 23% to 24% and an SG&A ratio in the mid-9% range. The company reported a 30% year-over-year growth in adjusted earnings per diluted share and a 14% increase in book value per share, reaching $56. The fourth quarter saw 3,571 homes delivered at an average price of $608,000, generating nearly $2.2 billion in revenue with an adjusted home closings gross margin of 24.9%. Net orders increased by 11% year-over-year with an absorption pace of 2.6 per community, up from 2.4 a year ago. Taylor Morrison is focused on maintaining an annualized sales pace in the low 3% range while achieving healthy gross margins in the low to mid-20% range, despite pressures from rising interest rates and land cost inflation.Strong Financial Performance
Delivered 3,571 homes at an average price of $608,000, producing nearly $2.2 billion in revenue with an adjusted home closings gross margin of 24.9%. Achieved a 30% year-over-year growth in adjusted earnings per diluted share and a 14% year-over-year increase in book value per share to $56.
Increase in Net Orders and Absorption Rates
Fourth quarter net orders increased 11% year-over-year with an absorption pace of 2.6 per community, up from 2.4 a year ago.
Growth in Financial Services
Financial services revenue was $54 million with a gross margin of 48%, up from $43 million and 46% a year ago. The capture rate increased to 89% from 86%.
Successful Online Engagement
Website traffic up 40% from a year ago. Online home reservations showed a 53% conversion to sale and a declining rate of participation with real estate agents.
Strategic Land Positioning
Controlled 86,153 homebuilding lots, representing 6.6 years of supply. 57% of these lots were controlled via options and off-balance sheet structures.
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TMHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TMHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 12, 2025 | $62.39 | $64.45 | +3.30% |
| Oct 23, 2024 | $64.84 | $67.20 | +3.64% |
| Jul 24, 2024 | $65.93 | $65.58 | -0.53% |
| Apr 30, 2024 | $57.70 | $56.01 | -2.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Taylor Morrison (TMHC) report earnings?
Taylor Morrison (TMHC) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Taylor Morrison (TMHC) earnings time?
Taylor Morrison (TMHC) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TMHC EPS forecast?
TMHC EPS forecast for the fiscal quarter 2025 (Q1) is 1.89.
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