Analysts forecast that TRI Pointe Group Inc (NYSE:TPH) will post sales of $1.11 billion for the current quarter, according to Zacks. Three analysts have issued estimates for TRI Pointe Group’s earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.16 billion. TRI Pointe Group posted sales of $1.13 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.8%. The company 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 sales of $3.02 billion for the current year, with estimates ranging from $3.01 billion to $3.04 billion. For the next fiscal year, analysts expect that the business will post sales of $3.29 billion, with estimates ranging from $3.18 billion to $3.37 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last released its earnings results on Thursday, October 31st. The construction company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. The business had revenue of $746.27 million for the quarter, compared to the consensus estimate of $687.49 million. TRI Pointe Group had a return on equity of 9.72% and a net margin of 6.14%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share.
Several large investors have recently bought and sold shares of TPH. Tower Research Capital LLC TRC purchased a new position in TRI Pointe Group during the second quarter worth approximately $31,000. NumerixS Investment Technologies Inc grew its holdings in TRI Pointe Group by 53.8% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock valued at $48,000 after buying an additional 1,400 shares in the last quarter. Signaturefd LLC grew its holdings in TRI Pointe Group by 16.9% in the 3rd quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock valued at $69,000 after buying an additional 667 shares in the last quarter. Dupont Capital Management Corp grew its holdings in TRI Pointe Group by 107.1% in the 2nd quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock valued at $104,000 after buying an additional 4,500 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of TRI Pointe Group by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 7,350 shares of the construction company’s stock worth $110,000 after acquiring an additional 1,470 shares during the last quarter.
Shares of TPH traded up $0.10 during trading hours on Friday, hitting $15.75. 1,065,935 shares of the stock were exchanged, compared to its average volume of 1,625,893. The stock’s 50-day moving average price is $15.57 and its two-hundred day moving average price is $13.94. TRI Pointe Group has a 12-month low of $10.37 and a 12-month high of $16.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.09 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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