Tri Pointe Homes (NYSE:TPH) Posts Earnings Results, Beats Expectations By $0.34 EPS

Tri Pointe Homes (NYSE:TPH) issued its earnings results on Thursday. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34, Briefing.com reports. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm had revenue of $918.40 million for the quarter, compared to the consensus estimate of $867.77 million. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue was up 19.5% compared to the same quarter last year.

Tri Pointe Homes Stock Performance

NYSE:TPH opened at $37.88 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.11 and a current ratio of 1.99. Tri Pointe Homes has a fifty-two week low of $24.18 and a fifty-two week high of $39.08. The company has a 50 day simple moving average of $35.79 and a two-hundred day simple moving average of $32.98. The company has a market capitalization of $3.61 billion, a PE ratio of 10.10, a P/E/G ratio of 0.80 and a beta of 1.54.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TPH shares. StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday. Oppenheimer increased their target price on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their price target on Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wedbush reiterated a “neutral” rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a report on Thursday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

Insider Transactions at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.