$0.65 EPS Expected for TRI Pointe Group Inc (TPH) This Quarter

Analysts expect TRI Pointe Group Inc (NYSE:TPH) to announce earnings of $0.65 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.66. TRI Pointe Group reported earnings per share of $0.70 during the same quarter last year, which would suggest a negative year over year growth rate of 7.1%. The business is scheduled to issue its next earnings results on Tuesday, February 19th.

On average, analysts expect that TRI Pointe Group will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.75 to $1.80. For the next financial year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.42 to $1.90. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The business had revenue of $771.80 million during the quarter, compared to analysts’ expectations of $768.01 million. During the same quarter last year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. ValuEngine upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Wedbush cut TRI Pointe Group from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $13.00 in a research report on Thursday, September 20th. Evercore ISI cut TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research report on Monday, October 1st. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, JMP Securities set a $16.00 price objective on TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $16.90.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in TRI Pointe Group by 2.8% in the 3rd quarter. Vanguard Group Inc. now owns 13,513,331 shares of the construction company’s stock worth $167,564,000 after buying an additional 362,468 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in TRI Pointe Group by 97.0% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 4,277,661 shares of the construction company’s stock worth $53,043,000 after buying an additional 2,106,474 shares during the last quarter. Northern Trust Corp boosted its stake in TRI Pointe Group by 65.7% in the 2nd quarter. Northern Trust Corp now owns 3,632,311 shares of the construction company’s stock worth $59,423,000 after buying an additional 1,440,341 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in TRI Pointe Group by 38.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock worth $41,643,000 after buying an additional 936,226 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its stake in TRI Pointe Group by 18.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock worth $49,022,000 after buying an additional 458,962 shares during the last quarter.

Shares of TPH stock traded down $0.23 during mid-day trading on Monday, reaching $12.16. The stock had a trading volume of 1,692,156 shares, compared to its average volume of 1,769,373. TRI Pointe Group has a 12-month low of $10.55 and a 12-month high of $19.55. The stock has a market cap of $1.76 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.70 and a beta of 1.27. The company has a quick ratio of 0.34, a current ratio of 0.34 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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Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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