Wall Street brokerages expect that TRI Pointe Group Inc (NYSE:TPH) will announce $0.35 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.39. TRI Pointe Group posted earnings per share of $0.21 during the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The company is scheduled to announce its next earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that TRI Pointe Group will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.80 to $2.06. For the next financial year, analysts anticipate that the business will report earnings of $2.12 per share, with EPS estimates ranging from $2.00 to $2.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The firm’s quarterly revenue was up 49.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS.
In other TRI Pointe Group news, VP Glenn J. Keeler sold 11,030 shares of TRI Pointe Group stock in a transaction dated Monday, April 30th. The stock was sold at an average price of $17.11, for a total value of $188,723.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael D. Grubbs sold 100,000 shares of TRI Pointe Group stock in a transaction dated Friday, May 25th. The shares were sold at an average price of $17.62, for a total value of $1,762,000.00. Following the completion of the sale, the chief financial officer now owns 68,764 shares of the company’s stock, valued at approximately $1,211,621.68. The disclosure for this sale can be found here. Insiders sold a total of 249,868 shares of company stock valued at $4,410,665 in the last 90 days. 1.70% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Profund Advisors LLC grew its holdings in TRI Pointe Group by 19.0% in the 1st quarter. Profund Advisors LLC now owns 24,402 shares of the construction company’s stock valued at $401,000 after buying an additional 3,901 shares during the period. PNC Financial Services Group Inc. grew its holdings 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 period. ING Groep NV grew its holdings in shares of TRI Pointe Group by 22.5% during the 4th quarter. ING Groep NV now owns 22,699 shares of the construction company’s stock worth $407,000 after purchasing an additional 4,164 shares during the period. Meadow Creek Investment Management LLC grew its holdings in shares of TRI Pointe Group by 21.2% during the 4th quarter. Meadow Creek Investment Management LLC now owns 24,276 shares of the construction company’s stock worth $435,000 after purchasing an additional 4,250 shares during the period. Finally, EJF Capital LLC grew its holdings in shares of TRI Pointe Group by 33.3% during the 1st quarter. EJF Capital LLC now owns 20,000 shares of the construction company’s stock worth $329,000 after purchasing an additional 5,000 shares during the period.
TRI Pointe Group traded down $0.11, reaching $17.81, during midday trading on Thursday, Marketbeat reports. 2,215,209 shares of the company were exchanged, compared to its average volume of 1,663,999. The stock has a market cap of $2.67 billion, a PE ratio of 12.54, a P/E/G ratio of 0.81 and a beta of 1.47. TRI Pointe Group has a 1 year low of $12.11 and a 1 year high of $19.55. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75.
TRI Pointe Group announced that its board has approved a stock repurchase plan on Tuesday, February 20th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
About TRI Pointe Group
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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