Zacks: Brokerages Expect TRI Pointe Group Inc (TPH) Will Announce Earnings of $0.39 Per Share

Equities research analysts predict that TRI Pointe Group Inc (NYSE:TPH) will announce earnings of $0.39 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.41. TRI Pointe Group reported earnings per share of $0.48 in the same quarter last year, which suggests a negative year-over-year growth rate of 18.8%. The business is expected to announce its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that TRI Pointe Group will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.85. For the next financial year, analysts anticipate that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.94 to $2.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Friday, July 27th. The construction company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. TRI Pointe Group had a return on equity of 14.73% and a net margin of 7.90%. The company had revenue of $768.80 million for the quarter, compared to analyst estimates of $728.61 million. During the same quarter in the previous year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year.

A number of equities research analysts have weighed in on the company. ValuEngine lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Zacks Investment Research lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Susquehanna Bancshares set a $21.00 price target on TRI Pointe Group and gave the stock a “buy” rating in a research note on Monday, July 30th. Deutsche Bank decreased their price target on TRI Pointe Group from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Tuesday, July 31st. Finally, B. Riley decreased their price target on TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.77.

In other news, CFO Michael D. Grubbs sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of $17.62, for a total transaction of $1,762,000.00. Following the sale, the chief financial officer now owns 68,764 shares of the company’s stock, valued at approximately $1,211,621.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas F. Bauer sold 71,582 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $17.68, for a total value of $1,265,569.76. Following the sale, the chief executive officer now directly owns 168,479 shares in the company, valued at approximately $2,978,708.72. The disclosure for this sale can be found here. Insiders have sold a total of 175,482 shares of company stock worth $3,096,795 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Point72 Asia Hong Kong Ltd raised its position in shares of TRI Pointe Group by 1,809.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock worth $117,000 after purchasing an additional 6,767 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TRI Pointe Group by 108.7% during the 1st 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. KCS Wealth Advisory acquired a new position in shares of TRI Pointe Group during the 1st quarter worth approximately $182,000. Jane Street Group LLC acquired a new position in shares of TRI Pointe Group during the 2nd quarter worth approximately $185,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of TRI Pointe Group during the 2nd quarter worth approximately $197,000.

TPH traded up $0.11 during trading on Thursday, reaching $13.98. The company’s stock had a trading volume of 1,202,900 shares, compared to its average volume of 1,678,201. TRI Pointe Group has a 52-week low of $12.28 and a 52-week high of $19.55. The firm has a market capitalization of $2.17 billion, a PE ratio of 9.89, a P/E/G ratio of 0.70 and a beta of 1.51. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72.

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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