Taylor Morrison Home Corporation Stock Is Still On Sale
Portfolio Pulse from
Taylor Morrison Home Corporation is considered a 'buy' due to its attractive valuation and strong financial performance. Despite a slight backlog decline, the company saw a 26.6% revenue increase in Q3 2024, driven by a 28.6% rise in home closings. Net income nearly doubled, net new orders rose by 9.2%, and the cancellation rate dropped to 9.3%, indicating robust demand and improved market conditions.
December 09, 2024 | 5:30 pm
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Taylor Morrison Home Corporation is performing well with a 26.6% revenue increase in Q3 2024, driven by a 28.6% rise in home closings. The company's net income nearly doubled, net new orders rose by 9.2%, and the cancellation rate dropped to 9.3%, indicating strong demand and improved market conditions.
The strong financial performance, including significant revenue growth and increased home closings, suggests a positive outlook for TMHC. The drop in cancellation rate and rise in net new orders indicate robust demand, supporting a likely increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100