Brokerages Anticipate TRI Pointe Group Inc (TPH) to Announce $0.35 EPS

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.

A number of research firms recently commented on TPH. ValuEngine cut TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. Wedbush reiterated an “outperform” rating and set a $21.00 price objective on shares of TRI Pointe Group in a research report on Wednesday, February 21st. JMP Securities lifted their price objective on TRI Pointe Group from $20.00 to $21.00 and gave the stock a “market outperform” rating in a research report on Friday, April 27th. Finally, Gabelli cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.00.

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.

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.

Leave a Reply