Taylor Morrison Home Now Expects To Deliver 12,600 - 12,800 Homes This Year (Prior View 12,500) At Home Closings Gross Margin Around 24% (Prior View 23.5% - 24.0%)
Portfolio Pulse from Benzinga Newsdesk
Taylor Morrison Home Corporation (TMHC) has updated its home delivery expectations for the year to 12,600 - 12,800 homes, up from the prior view of 12,500. The company also anticipates a home closings gross margin of around 24%, compared to the previous range of 23.5% - 24.0%.
July 24, 2024 | 10:20 am
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Taylor Morrison Home Corporation (TMHC) has increased its home delivery expectations for the year to 12,600 - 12,800 homes, up from the prior view of 12,500. The company also expects a home closings gross margin of around 24%, compared to the previous range of 23.5% - 24.0%.
The increase in home delivery expectations and the higher gross margin forecast indicate strong operational performance and potential revenue growth for Taylor Morrison Home Corporation. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100