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Taylor Morrison Home (TMHC)
:TMHC
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.39Last Year’s EPS
1.58Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: 1.28%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in net income, revenue, and gross margins. TMHC's diversified consumer strategy and capital-efficient growth were emphasized as key drivers of success, despite challenges from hurricanes and competitive market conditions in certain regions. The use of forward commitments and strategic partnerships in land banking were highlighted as strengths. Overall, the company's performance exceeded expectations, positioning them well for future growth.Company Guidance
During the TMHC earnings call for Q3 2024, Sheryl Palmer provided detailed financial guidance and insights into the company's performance amidst various challenges. In the third quarter, TMHC delivered 3,394 homes at an average price of $598,000, resulting in over $2 billion in revenue and a gross margin of 24.8%. The company reported a 50% year-over-year growth in earnings per diluted share to $2.37 and a 15% increase in book value per share to approximately $54. Despite disruptions caused by two hurricanes, including Hurricane Bellin, the company exceeded its guidance in closings volume and gross margin. Net orders increased by 9% year-over-year, driven by a monthly absorption pace of 2.8 per community. The company's strategic focus on consumer diversification and personalized finance incentives helped maintain steady gross margins and cushion against interest rate volatility. TMHC's financial services segment achieved an 88% capture rate, with strong customer credit profiles. The company also highlighted its capital-efficient growth strategy, with 58% of lot inventory controlled via off-balance sheet structures, targeting long-term home closings growth of 10% annually. TMHC is on track to meet or exceed its 2024 targets, with projected closings of approximately 12,725 homes and a full-year gross margin of around 24.3%.Strong Financial Performance
TMHC reported a net income of $251 million, up 54% year-over-year, with a 26% increase in home closings revenue to $2 billion. Earnings per diluted share grew over 50% year-over-year to $2.37.
Impressive Gross Margin
The home closings gross margin was 24.8%, surpassing the prior quarter and year-ago margins, driven by favorable mix, fewer incentives, and better cost leverage.
Increased Orders and Closings
Net orders increased 9% year-over-year with a strong monthly absorption pace of 2.8 per community. The company expects to close approximately 12,725 homes in 2024, a 10.7% increase from 2023.
High Financial Services Capture Rate
Financial Services achieved an 88% capture rate with a gross margin of 45%, reflecting effective incentive tools and strong customer service.
Expansion of Off-Balance Sheet Financing
TMHC secured a $1 billion land banking facility with Kennedy Lewis, increasing their capital-efficient lot supply to the highest level in company history at 58%.
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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 |
|---|---|---|---|
| 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% |
| Feb 14, 2024 | $53.05 | $56.00 | +5.56% |
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 Home (TMHC) report earnings?
Taylor Morrison Home (TMHC) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Taylor Morrison Home (TMHC) earnings time?
Taylor Morrison Home (TMHC) earnings time is at Feb 12, 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 2024 (Q4) is 2.39.
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