Taylor Morrison Home Corporation
TMHC
ISIN US87724P1066 / Valor 20237501
Taylor Morrison Home Corporation
UMushroom community rating:
About company
Taylor Morrison Home Corporation is a prominent homebuilder and developer based in Scottsdale, Arizona, with operations spanning across 19 markets in 11 states. The company focuses on constructing and selling single-family homes, townhomes, and condominiums in high-growth markets throughout the United States. Taylor Morrison was acquired from Taylor Wimpey by a private equity group led by TPG and Oaktree Capital, positioning the company as a key player in the residential real estate industry.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (24.12.2024):
Net Income
In the first quarter of 2024, Taylor Morrison Home Corporation reported a net income of $190 million, or $1.75 per diluted share. This is a slight decrease compared to the first quarter of 2023, where the net income was $191 million, or $1.74 per diluted share.
Revenue and Sales
Taylor Morrison Home Corporation's home closings revenue for the first quarter of 2024 was $1.6 billion, driven by 2,731 home closings at an average price of $599,000. This represents a 2% increase in home closings revenue compared to the same period in 2023.
Net Sales Orders
During the first quarter of 2024, Taylor Morrison Home Corporation saw a 29% increase in net sales orders, totaling 3,686. This growth was driven by a monthly absorption pace of 3.7 per community, compared to 2.9 in the first quarter of 2023.
Gross Margin
The home closings gross margin for Taylor Morrison Home Corporation in the first quarter of 2024 was 24.0%, a slight increase from 23.9% in the first quarter of 2023. This improvement reflects better-than-expected sales activity and efficient construction progress.
Outlook for 2024
Following the positive momentum in the first quarter of 2024, Taylor Morrison Home Corporation has raised its full-year guidance. The company now expects to deliver approximately 12,500 homes with a home closings gross margin between 23.5% to 24.0% and an average closing price between $600,000 to $610,000.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
6338 M
Market cap (USD)
194,280
Daily traded volume (Shares)
61.47 / 60.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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