Wall Street analysts forecast that TRI Pointe Group Inc (NYSE:TPH) will announce earnings of $0.64 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TRI Pointe Group’s earnings. The highest EPS estimate is $0.67 and the lowest is $0.62. TRI Pointe Group reported earnings per share of $0.36 during the same quarter last year, which would suggest a positive year over year growth rate of 77.8%. The firm is scheduled to report its next earnings report on Wednesday, February 28th.
According to Zacks, analysts expect that TRI Pointe Group will report full-year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.35 to $1.39. For the next financial year, analysts forecast that the firm will post earnings of $1.57 per share, with EPS estimates ranging from $1.49 to $1.77. Zacks’ EPS averages are an average based on a survey of analysts that cover TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The company had revenue of $717.40 million for the quarter, compared to the consensus estimate of $706.65 million. During the same quarter in the prior year, the business posted $0.22 EPS. The firm’s quarterly revenue was up 24.0% on a year-over-year basis.
A number of equities research analysts recently weighed in on the stock. B. Riley restated a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. Wedbush boosted their target price on shares of TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday. FBR & Co reiterated a “buy” rating and issued a $20.00 price target on shares of TRI Pointe Group in a research report on Thursday, October 26th. JMP Securities upped their price target on shares of TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 26th. Finally, Gabelli upped their price target on shares of TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.56.
Shares of TRI Pointe Group (TPH) traded down $0.10 during midday trading on Friday, hitting $17.92. 1,340,715 shares of the stock traded hands, compared to its average volume of 1,907,548. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a 52-week low of $11.31 and a 52-week high of $18.46. The firm has a market capitalization of $2,673.18, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.18 and a beta of 1.74.
In related news, VP Bradley William Blank sold 14,725 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $17.54, for a total value of $258,276.50. Following the completion of the transaction, the vice president now directly owns 49,070 shares of the company’s stock, valued at $860,687.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas F. Bauer sold 42,294 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $17.54, for a total value of $741,836.76. Following the completion of the transaction, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,074,550.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 913,459 shares of company stock valued at $15,111,927. Corporate insiders own 2.20% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Shelton Capital Management acquired a new stake in TRI Pointe Group in the second quarter valued at $146,000. Riverhead Capital Management LLC raised its holdings in shares of TRI Pointe Group by 89.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock worth $168,000 after purchasing an additional 6,020 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of TRI Pointe Group by 6.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after purchasing an additional 725 shares during the period. Virtu Financial LLC purchased a new position in shares of TRI Pointe Group in the 3rd quarter worth about $197,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of TRI Pointe Group in the 3rd quarter worth about $202,000.
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TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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