TRI Pointe Group, Inc. (NYSE:TPH) announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03, MarketWatch Earnings reports. The firm had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period last year, the business posted $0.22 earnings per share.
TRI Pointe Group (NYSE:TPH) traded up $0.01 during trading on Friday, hitting $17.61. 1,903,000 shares of the stock traded hands, compared to its average volume of 1,949,149. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. TRI Pointe Group has a fifty-two week low of $11.11 and a fifty-two week high of $17.84. The stock has a market cap of $2,647.61, a PE ratio of 16.00, a P/E/G ratio of 1.18 and a beta of 1.75.
In other TRI Pointe Group news, insider Thomas J. Mitchell sold 291,039 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $17.04, for a total transaction of $4,959,304.56. Following the sale, the insider now directly owns 274,312 shares of the company’s stock, valued at $4,674,276.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Bradley William Blank sold 14,725 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total transaction of $258,276.50. Following the sale, the vice president now directly owns 49,070 shares in the company, valued at $860,687.80. The disclosure for this sale can be found here. Insiders have sold 913,459 shares of company stock valued at $15,111,927 over the last 90 days. Corporate insiders own 9.40% of the company’s stock.
TPH has been the topic of a number of recent research reports. Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. ValuEngine upgraded TRI Pointe Group from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Gabelli upped their price objective on TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, FBR & Co reissued a “buy” rating and issued a $20.00 target price on shares of TRI Pointe Group in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.70.
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TRI Pointe Group declared that its board has approved a stock repurchase plan on Wednesday, July 26th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
About TRI Pointe Group
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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