TRI Pointe Group Inc (NYSE:TPH) Expected to Announce Quarterly Sales of $1.11 Billion

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.

A number of brokerages have weighed in on TPH. Royal Bank of Canada set a $18.00 price objective on TRI Pointe Group and gave the company a “buy” rating in a report on Friday, November 1st. ValuEngine cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 3rd. B. Riley set a $18.00 target price on shares of TRI Pointe Group and gave the stock a “buy” rating in a report on Tuesday, October 15th. TheStreet upgraded shares of TRI Pointe Group from a “c+” rating to a “b” rating in a research report on Wednesday, September 18th. Finally, JMP Securities downgraded shares of TRI Pointe Group from an “outperform” rating to a “market perform” rating in a research note on Friday, November 1st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.50.

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.

Featured Article: NASDAQ

Get a free copy of the Zacks research report on TRI Pointe Group (TPH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.