Tri Pointe Homes (NYSE:TPH) Posts Quarterly Earnings Results, Beats Expectations By $0.34 EPS

Tri Pointe Homes (NYSE:TPH) posted its earnings results on Thursday. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.34, Briefing.com reports. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The firm had revenue of $918.40 million during the quarter, compared to analyst estimates of $867.77 million. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue was up 19.5% compared to the same quarter last year.

Tri Pointe Homes Stock Performance

NYSE TPH traded up $0.94 during trading on Friday, hitting $37.76. 542,693 shares of the company’s stock traded hands, compared to its average volume of 1,058,397. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.76 and a beta of 1.54. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $39.08. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. The business has a 50 day moving average of $35.73 and a 200-day moving average of $32.86.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wedbush reiterated a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a research note on Thursday. Oppenheimer increased their price target on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Royal Bank of Canada increased their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.60.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the sale, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

About Tri Pointe Homes

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.