For 2024 Taylor Morrison Home Now Expects To Deliver 12,725 (prior view 12,600 - 12,800); Sees Home Closings Gross Margin Around 24.3% (Prior View 24.0%)
Portfolio Pulse from Benzinga Newsdesk
Taylor Morrison Home Corporation has updated its 2024 guidance, expecting to deliver 12,725 homes with a gross margin of 24.3%. The average closing price is projected at $600,000, and the company plans $300 million in share repurchases.
October 23, 2024 | 10:35 am
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Taylor Morrison Home Corporation has revised its 2024 guidance, projecting 12,725 home deliveries and a gross margin of 24.3%. The company also plans $300 million in share repurchases, which could positively impact its stock price.
The increase in expected home deliveries and gross margin suggests improved operational performance. The planned share repurchases indicate confidence in the company's financial health, likely boosting investor sentiment and stock price.
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