Taylor Morrison Q4 results beat; raises stock repurchase program to $1 bln

Taylor Morrison Home

11/02/2026 11:23

Overview

Homebuilder's Q4 total revenue and adjusted EPS beat analyst expectations

Home closings revenue for Q4 fell 10% yr/yr to $1.96 bln

Company increased stock repurchase program to $1 bln, extended to 2027

Outlook

Taylor Morrison expects Q1 2026 home closings of approximately 2,200

Company sees full-year 2026 home closings at approximately 11,000

Taylor Morrison anticipates competitive pricing pressures to persist

Result Drivers

CLOSINGS REVENUE DECLINE - Home closings revenue fell 10% due to an 8% decline in closings volume and a 2% decrease in average closing price

STABLE ABSORPTION PACE - Resort lifestyle segment maintained stable absorption pace, defying typical seasonal slowdown, per CEO Sheryl Palmer

STRATEGIC FOCUS - Co plans to limit investments in non-core submarkets and expand Esplanade brand to ensure portfolio performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Total Revenue
Beat
$2.10 bln
$1.92 bln (8 Analysts)
Q4 Adjusted EPS
Beat
$1.91
$1.76 (8 Analysts)
Q4 EPS
$1.76
Q4 Adjusted Net Income
Beat
$188 mln
$174.05 mln (8 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the homebuilding peer group is "buy"

Wall Street's median 12-month price target for Taylor Morrison Home Corp is $73.00, about 9.9% above its February 10 closing price of $66.41

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nPn1gtFy8a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)