Zacks: Analysts Expect TRI Pointe Group Inc (NYSE:TPH) to Announce $0.69 Earnings Per Share

Brokerages expect TRI Pointe Group Inc (NYSE:TPH) to report earnings per share (EPS) of $0.69 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.68 and the highest is $0.70. TRI Pointe Group reported earnings per share of $0.79 in the same quarter last year, which indicates a negative year-over-year growth rate of 12.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 25th.

On average, analysts expect that TRI Pointe Group will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.33. For the next fiscal year, analysts expect that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.39 to $1.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Thursday, October 31st. The construction company reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.08. The business had revenue of $746.27 million during the quarter, compared to analysts’ expectations of $687.49 million. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share.

Several research firms have recently weighed in on TPH. B. Riley set a $18.00 price target on TRI Pointe Group and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Friday, October 18th. Royal Bank of Canada set a $18.00 price target on TRI Pointe Group and gave the stock a “buy” rating in a research note on Friday, November 1st. ValuEngine cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, JMP Securities cut TRI Pointe Group from an “outperform” rating to a “market perform” rating in a research report on Friday, November 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. TRI Pointe Group presently has an average rating of “Hold” and a consensus target price of $15.50.

A number of large investors have recently added to or reduced their stakes in TPH. Echo Street Capital Management LLC bought a new stake in TRI Pointe Group during the second quarter valued at about $40,899,000. JPMorgan Chase & Co. grew its holdings in TRI Pointe Group by 85.2% during the second quarter. JPMorgan Chase & Co. now owns 5,542,605 shares of the construction company’s stock valued at $64,959,000 after purchasing an additional 2,550,361 shares during the period. Millennium Management LLC grew its holdings in TRI Pointe Group by 1,165.9% during the third quarter. Millennium Management LLC now owns 1,709,833 shares of the construction company’s stock valued at $25,715,000 after purchasing an additional 1,574,763 shares during the period. Marshall Wace LLP grew its holdings in TRI Pointe Group by 4,222.1% during the second quarter. Marshall Wace LLP now owns 614,737 shares of the construction company’s stock valued at $7,358,000 after purchasing an additional 600,514 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in TRI Pointe Group during the second quarter valued at about $7,178,000.

NYSE:TPH traded up $0.02 during trading hours on Wednesday, reaching $15.35. 1,234,200 shares of the company traded hands, compared to its average volume of 1,627,455. TRI Pointe Group has a 1 year low of $10.37 and a 1 year high of $16.33. The business’s 50-day moving average price is $15.55 and its two-hundred day moving average price is $13.92. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $2.17 billion, a P/E ratio of 8.08, a P/E/G ratio of 1.08 and a beta of 1.10.

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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