TRI Pointe Group (TPH) Earning Favorable Press Coverage, Analysis Shows

News coverage about TRI Pointe Group (NYSE:TPH) has trended positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TRI Pointe Group earned a media sentiment score of 0.33 on Accern’s scale. Accern also gave news headlines about the construction company an impact score of 46.073536838508 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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TPH has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Wedbush boosted their price objective on shares of TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, December 29th. Barclays raised shares of TRI Pointe Group from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $17.00 to $21.00 in a report on Friday, January 5th. Finally, ValuEngine raised shares of TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.88.

TPH stock opened at $16.46 on Friday. The stock has a market cap of $2,603.88, a P/E ratio of 11.59, a P/E/G ratio of 0.87 and a beta of 1.43. TRI Pointe Group has a 52 week low of $12.01 and a 52 week high of $19.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Tuesday, February 20th. The construction company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.11 billion. TRI Pointe Group had a net margin of 6.66% and a return on equity of 11.89%. The firm’s revenue was up 45.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 earnings per share. equities analysts predict that TRI Pointe Group will post 1.8 earnings per share for the current year.

TRI Pointe Group announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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About TRI Pointe Group

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.

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