TRI Pointe Group (NYSE:TPH) is set to post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect TRI Pointe Group to post earnings of $0.23 per share for the quarter.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $0.70 earnings per share (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 company’s revenue for the quarter was up 45.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 earnings per share. On average, analysts expect TRI Pointe Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
TPH stock opened at $16.22 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2,488.96, a P/E ratio of 11.42, a P/E/G ratio of 0.83 and a beta of 1.43. TRI Pointe Group has a 1-year low of $12.01 and a 1-year high of $19.55.
TRI Pointe Group declared that its board has authorized a stock buyback program on Tuesday, February 20th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Several research firms recently weighed in on TPH. Zacks Investment Research cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Wedbush restated an “outperform” rating and issued a $21.00 price objective on shares of TRI Pointe Group in a research report on Wednesday, February 21st. ValuEngine upgraded shares of TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Barclays upgraded shares of TRI Pointe Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $21.00 in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. TRI Pointe Group currently has a consensus rating of “Buy” and an average price target of $18.88.
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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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