Analysts expect TRI Pointe Group Inc (NYSE:TPH) to report $754.62 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for TRI Pointe Group’s earnings. The lowest sales estimate is $739.00 million and the highest is $785.79 million. TRI Pointe Group posted sales of $717.44 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The business is expected to report its next earnings results before the market opens on Wednesday, October 24th.
According to Zacks, analysts expect that TRI Pointe Group will report full year sales of $3.23 billion for the current year, with estimates ranging from $3.16 billion to $3.27 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.41 billion, with estimates ranging from $3.06 billion to $3.59 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last posted its earnings results on Friday, July 27th. The construction company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The company had revenue of $768.80 million during the quarter, compared to analysts’ expectations of $728.61 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. TRI Pointe Group’s revenue for the quarter was up 35.2% compared to the same quarter last year.
A number of equities research analysts recently commented on TPH shares. Royal Bank of Canada started coverage on shares of TRI Pointe Group in a research report on Wednesday, June 27th. They set a “sector perform” rating for the company. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Wedbush restated an “outperform” rating on shares of TRI Pointe Group in a research note on Friday, July 20th. JMP Securities cut their price target on shares of TRI Pointe Group from $21.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Monday, July 30th. Finally, Citigroup cut their price target on shares of TRI Pointe Group from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Monday, July 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of “Hold” and an average target price of $17.85.
NYSE:TPH traded up $0.27 during midday trading on Thursday, reaching $10.96. 4,167,200 shares of the stock traded hands, compared to its average volume of 1,826,666. TRI Pointe Group has a 12-month low of $10.54 and a 12-month high of $19.55. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 0.55 and a beta of 1.51.
A number of institutional investors have recently modified their holdings of TPH. Northern Trust Corp increased its stake in TRI Pointe Group by 65.7% during the 2nd quarter. Northern Trust Corp now owns 3,632,311 shares of the construction company’s stock valued at $59,423,000 after purchasing an additional 1,440,341 shares in the last quarter. Investec Asset Management LTD acquired a new position in TRI Pointe Group during the 2nd quarter valued at approximately $20,849,000. Victory Capital Management Inc. increased its stake in TRI Pointe Group by 32.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,447,957 shares of the construction company’s stock valued at $40,048,000 after purchasing an additional 604,489 shares in the last quarter. Federated Investors Inc. PA increased its stake in TRI Pointe Group by 225.2% during the 2nd quarter. Federated Investors Inc. PA now owns 742,623 shares of the construction company’s stock valued at $12,149,000 after purchasing an additional 514,274 shares in the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of TRI Pointe Group by 18.1% in the second quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock worth $49,022,000 after acquiring an additional 458,962 shares during the period.
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.
Featured Story: Understanding Price to Earnings Ratio (PE)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.