Wall Street analysts predict that TRI Pointe Group (NYSE:TPH) will post $721.73 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for TRI Pointe Group’s earnings, with estimates ranging from $703.50 million to $768.00 million. TRI Pointe Group posted sales of $570.28 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 26.6%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that TRI Pointe Group will report full-year sales of $3.29 billion for the current year, with estimates ranging from $3.17 billion to $3.56 billion. For the next fiscal year, analysts expect that the business will report sales of $3.68 billion per share, with estimates ranging from $3.52 billion to $4.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last issued its earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.04. The business had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. TRI Pointe Group had a net margin of 7.40% and a return on equity of 13.55%. The business’s revenue for the quarter was up 49.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.05 earnings per share.
Several research analysts have issued reports on TPH shares. Zacks Investment Research cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. ValuEngine cut shares of TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Wedbush reissued an “outperform” rating and set a $21.00 price objective on shares of TRI Pointe Group in a report on Wednesday, April 25th. JMP Securities boosted their price objective on shares of TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a report on Friday, April 27th. Finally, Gabelli cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $19.00.
In other TRI Pointe Group news, CEO Douglas F. Bauer sold 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $17.75, for a total transaction of $99,400.00. Following the completion of the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at $2,990,502.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Glenn J. Keeler sold 11,030 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $17.11, for a total transaction of $188,723.30. The disclosure for this sale can be found here. Insiders have sold 74,386 shares of company stock valued at $1,313,870 over the last three months. 1.70% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in TRI Pointe Group by 4.0% during the fourth quarter. BlackRock Inc. now owns 19,037,872 shares of the construction company’s stock valued at $341,159,000 after buying an additional 729,721 shares during the last quarter. Thornburg Investment Management Inc. increased its holdings in TRI Pointe Group by 1.0% during the first quarter. Thornburg Investment Management Inc. now owns 2,779,466 shares of the construction company’s stock valued at $45,667,000 after buying an additional 27,427 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in TRI Pointe Group during the fourth quarter valued at approximately $36,591,000. Deutsche Bank AG increased its holdings in TRI Pointe Group by 374.4% during the fourth quarter. Deutsche Bank AG now owns 2,004,693 shares of the construction company’s stock valued at $35,922,000 after buying an additional 1,582,141 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in TRI Pointe Group by 0.4% during the first quarter. Victory Capital Management Inc. now owns 1,843,468 shares of the construction company’s stock valued at $30,288,000 after buying an additional 7,235 shares during the last quarter.
Shares of TRI Pointe Group stock opened at $15.95 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.23, a PEG ratio of 0.79 and a beta of 1.44. TRI Pointe Group has a 52-week low of $16.01 and a 52-week high of $16.80.
TRI Pointe Group declared that its board has authorized a stock repurchase plan on Tuesday, February 20th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
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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