Brokerages expect TRI Pointe Group Inc (NYSE:TPH) to report $0.35 earnings 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 $0.39 and the lowest is $0.33. TRI Pointe Group reported earnings of $0.21 per share during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The company is expected to report its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that TRI Pointe Group will report full year earnings of $1.86 per share for the current financial year, with EPS estimates ranging from $1.80 to $2.06. For the next year, analysts expect that the business will post earnings of $2.12 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The business had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. During the same period in the previous year, the firm posted $0.05 earnings per share. The company’s revenue was up 49.5% on a year-over-year basis.
A number of brokerages have recently weighed in on TPH. ValuEngine cut TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 9th. Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, May 4th. Zelman & Associates cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Thursday, June 14th. JMP Securities lifted their price objective on TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a research note on Friday, April 27th. Finally, Gabelli cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. TRI Pointe Group presently has an average rating of “Hold” and a consensus price target of $19.00.
Shares of TRI Pointe Group traded up $0.04, reaching $16.89, during trading on Monday, according to Marketbeat. The stock had a trading volume of 2,495,039 shares, compared to its average volume of 1,496,838. TRI Pointe Group has a fifty-two week low of $12.28 and a fifty-two week high of $19.55. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.56 billion, a PE ratio of 11.89, a PEG ratio of 0.78 and a beta of 1.47.
In related news, VP Glenn J. Keeler sold 11,030 shares of the business’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $17.11, for a total transaction of $188,723.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas F. Bauer sold 28,928 shares of the business’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $17.76, for a total value of $513,761.28. Following the transaction, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at $2,992,187.04. The disclosure for this sale can be found here. Insiders have sold a total of 249,868 shares of company stock valued at $4,410,665 over the last three months. 1.70% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TPH. Point72 Asia Hong Kong Ltd grew its stake in TRI Pointe Group by 1,809.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock worth $117,000 after purchasing an additional 6,767 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in TRI Pointe Group by 108.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after purchasing an additional 3,909 shares in the last quarter. KCS Wealth Advisory acquired a new position in shares of TRI Pointe Group during the 1st quarter worth about $182,000. Zeke Capital Advisors LLC acquired a new position in shares of TRI Pointe Group during the 4th quarter worth about $201,000. Finally, LPL Financial LLC acquired a new position in shares of TRI Pointe Group during the 1st quarter worth about $209,000.
TRI Pointe Group Company Profile
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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