Analysts Set Expectations for TRI Pointe Group, Inc.’s FY2017 Earnings (TPH)

TRI Pointe Group, Inc. (NYSE:TPH) – Research analysts at Gabelli increased their FY2017 earnings per share (EPS) estimates for shares of TRI Pointe Group in a research note issued to investors on Thursday, Zacks Investment Research reports. Gabelli analyst A. Lacayo now expects that the construction company will post earnings per share of $1.35 for the year, up from their prior forecast of $1.30. Gabelli has a “Buy” rating and a $20.00 price target on the stock. Gabelli also issued estimates for TRI Pointe Group’s FY2018 earnings at $1.55 EPS and FY2019 earnings at $1.75 EPS.

Other equities analysts have also recently issued research reports about the stock. FBR & Co restated a “buy” rating and issued a $20.00 price objective on shares of TRI Pointe Group in a research report on Thursday, October 26th. BTIG Research upgraded shares of TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a research report on Thursday, October 26th. Citigroup Inc. cut shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Tuesday, October 24th. Finally, Wedbush reiterated an “outperform” rating and set a $16.00 price target (down previously from $18.00) on shares of TRI Pointe Group in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. TRI Pointe Group presently has a consensus rating of “Hold” and a consensus target price of $16.70.

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TRI Pointe Group (TPH) traded up $0.01 during midday trading on Friday, hitting $17.61. 1,903,000 shares of the stock were exchanged, compared to its average volume of 1,949,149. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43. The company has a market cap of $2,647.61, a P/E ratio of 16.00, a P/E/G ratio of 1.18 and a beta of 1.75. TRI Pointe Group has a 52 week low of $11.11 and a 52 week high of $17.84.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company had revenue of $717.40 million during the quarter, compared to the consensus estimate of $706.65 million. During the same period in the previous year, the firm posted $0.22 EPS. The firm’s revenue was up 24.0% compared to the same quarter last year.

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP lifted its position in TRI Pointe Group by 8.7% during the second quarter. Royce & Associates LP now owns 709,372 shares of the construction company’s stock valued at $9,357,000 after purchasing an additional 56,600 shares during the period. Vanguard Group Inc. raised its position in TRI Pointe Group by 9.5% in the first quarter. Vanguard Group Inc. now owns 12,010,583 shares of the construction company’s stock worth $150,613,000 after acquiring an additional 1,041,363 shares during the period. BlackRock Inc. raised its position in TRI Pointe Group by 19,738.7% in the first quarter. BlackRock Inc. now owns 18,584,658 shares of the construction company’s stock worth $233,053,000 after acquiring an additional 18,490,979 shares during the period. Voya Investment Management LLC raised its position in TRI Pointe Group by 10.6% in the second quarter. Voya Investment Management LLC now owns 64,776 shares of the construction company’s stock worth $854,000 after acquiring an additional 6,212 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in TRI Pointe Group by 12.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 679,437 shares of the construction company’s stock worth $8,962,000 after acquiring an additional 75,118 shares during the period.

In other news, VP Glenn J. Keeler sold 15,401 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $16.98, for a total value of $261,508.98. Following the transaction, the vice president now owns 36,399 shares in the company, valued at $618,055.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Bradley William Blank sold 14,725 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $17.54, for a total transaction of $258,276.50. Following the completion of the transaction, the vice president now owns 49,070 shares in the company, valued at approximately $860,687.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 913,459 shares of company stock worth $15,111,927. Corporate insiders own 9.40% of the company’s stock.

TRI Pointe Group declared that its board has authorized a stock buyback program on Wednesday, July 26th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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

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