TRI Pointe Group Inc (TPH) Expected to Post Earnings of $0.35 Per Share

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Equities analysts expect TRI Pointe Group Inc (NYSE:TPH) to announce earnings of $0.35 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made 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 in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The company is expected to issue its next 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 fiscal year, with EPS estimates ranging from $1.80 to $2.06. For the next fiscal year, analysts anticipate that the company will report earnings of $2.12 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.04. The firm had revenue of $586.20 million for the quarter, compared to analysts’ expectations of $552.11 million. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The company’s revenue was up 49.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 EPS.

Several equities analysts have recently weighed in on TPH shares. Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. ValuEngine cut TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Wedbush reaffirmed an “outperform” rating and issued a $21.00 target price on shares of TRI Pointe Group in a report on Wednesday, April 25th. JMP Securities raised their target price on TRI Pointe Group from $20.00 to $21.00 and gave the stock a “market outperform” rating in a report on Friday, April 27th. Finally, Gabelli cut TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.00.

In related news, VP Glenn J. Keeler sold 11,030 shares of the firm’s stock in a transaction on Monday, April 30th. The stock was sold at an average price of $17.11, for a total value of $188,723.30. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas F. Bauer sold 28,828 shares of the firm’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of $17.76, for a total value of $511,985.28. Following the completion of the transaction, the chief executive officer now directly owns 168,479 shares in the company, valued at $2,992,187.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 249,868 shares of company stock worth $4,410,665. 1.70% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its stake in TRI Pointe Group by 4.0% in the 4th quarter. BlackRock Inc. now owns 19,037,872 shares of the construction company’s stock worth $341,159,000 after buying an additional 729,721 shares in the last quarter. Thornburg Investment Management Inc. increased its stake in TRI Pointe Group by 1.0% in the 1st quarter. Thornburg Investment Management Inc. now owns 2,779,466 shares of the construction company’s stock worth $45,667,000 after buying an additional 27,427 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in TRI Pointe Group in the 4th quarter worth $36,591,000. Deutsche Bank AG increased its stake in TRI Pointe Group by 374.4% in the 4th quarter. Deutsche Bank AG now owns 2,004,693 shares of the construction company’s stock worth $35,922,000 after buying an additional 1,582,141 shares in the last quarter. Finally, Millennium Management LLC increased its stake in TRI Pointe Group by 18.7% in the 1st quarter. Millennium Management LLC now owns 1,972,304 shares of the construction company’s stock worth $32,405,000 after buying an additional 310,739 shares in the last quarter.

NYSE TPH opened at $16.86 on Monday. The firm has a market cap of $2.55 billion, a PE ratio of 11.87, a PEG ratio of 0.78 and a beta of 1.47. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. TRI Pointe Group has a 1-year low of $12.28 and a 1-year high of $19.55.

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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Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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