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TRI Pointe Homes (NYSE:TPH) announced its earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.04, AmericanBankingNews.com reports. The company had revenue of $87.34 million for the quarter, compared to the consensus estimate of $75.40 million. During the same quarter last year, the company posted $0.07 earnings per share. TRI Pointe Homes’s revenue was up 83.8% compared to the same quarter last year. TRI Pointe Homes updated its FY15 guidance to $1.25-1.40 EPS.

A number of analysts have recently weighed in on TPH shares. Analysts at Buckingham Research upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Monday, July 14th. They now have a $20.00 price target on the stock, up previously from $19.00. On the ratings front, analysts at Paradigm Capital reiterated a “buy” rating on shares of TRI Pointe Homes in a research note on Friday, May 16th. They now have a $8.00 price target on the stock, down previously from $8.50. Finally, analysts at Sidoti upgraded shares of TRI Pointe Homes from a “neutral” rating to a “buy” rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. TRI Pointe Homes has an average rating of “Hold” and an average target price of $17.40.

Shares of TRI Pointe Homes (NYSE:TPH) traded up 3.68% on Thursday, hitting $13.7999. 677,559 shares of the company’s stock traded hands. TRI Pointe Homes has a one year low of $13.24 and a one year high of $20.29. The stock’s 50-day moving average is $15.0 and its 200-day moving average is $16.31. The company has a market cap of $436.5 million and a P/E ratio of 21.68. TRI Pointe Homes also was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 9,821,828 shares, a decline of 38.1% from the June 30th total of 15,856,008 shares. Based on an average trading volume of 9,593,913 shares, the short-interest ratio is presently 1.0 days. Approximately 6.8% of the company’s shares are short sold.

Tri Pointe Homes, Inc, formerly TRI Pointe Homes, LLC is engaged in the design, construction and sale of single-family homes in planned communities in metropolitan areas located throughout Southern and Northern California.

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