TRI Pointe Group Inc (TPH) Expected to Post Earnings of $0.39 Per Share

Brokerages predict that TRI Pointe Group Inc (NYSE:TPH) will post $0.39 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for TRI Pointe Group’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.38. TRI Pointe Group posted earnings of $0.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The firm is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, October 24th.

On average, analysts expect that TRI Pointe Group will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.83 to $1.85. For the next year, analysts forecast that the company will post earnings of $2.02 per share, with EPS estimates ranging from $1.94 to $2.07. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Friday, July 27th. The construction company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $768.80 million during the quarter, compared to the consensus estimate of $728.61 million. TRI Pointe Group had a return on equity of 14.73% and a net margin of 7.90%. TRI Pointe Group’s revenue was up 35.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 earnings per share.

TPH has been the subject of several recent research reports. Zelman & Associates downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. Royal Bank of Canada initiated coverage on TRI Pointe Group in a research report on Wednesday, June 27th. They set a “sector perform” rating for the company. ValuEngine downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Wedbush reissued an “outperform” rating on shares of TRI Pointe Group in a research report on Friday, July 20th. Finally, JMP Securities dropped their price target on TRI Pointe Group from $21.00 to $20.00 and set a “market outperform” rating for the company in a research report on Monday, July 30th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. TRI Pointe Group has an average rating of “Hold” and a consensus target price of $18.77.

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of TRI Pointe Group by 108.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after purchasing an additional 3,909 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of TRI Pointe Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 662,403 shares of the construction company’s stock worth $10,883,000 after purchasing an additional 17,023 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in shares of TRI Pointe Group by 20.0% during the second quarter. Motley Fool Asset Management LLC now owns 120,000 shares of the construction company’s stock worth $1,963,000 after purchasing an additional 20,000 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TRI Pointe Group by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 2,720,247 shares of the construction company’s stock worth $44,503,000 after purchasing an additional 257,461 shares during the last quarter. Finally, Barnett & Company Inc. boosted its holdings in shares of TRI Pointe Group by 46.0% during the second quarter. Barnett & Company Inc. now owns 23,800 shares of the construction company’s stock worth $389,000 after purchasing an additional 7,500 shares during the last quarter.

TRI Pointe Group stock opened at $14.23 on Wednesday. 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 firm has a market cap of $2.18 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.70 and a beta of 1.49. TRI Pointe Group has a fifty-two week low of $12.77 and a fifty-two week 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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