Tri Pointe Homes Inc. (NYSE:TPH) – Stock analysts at Wedbush issued their Q3 2016 earnings estimates for shares of Tri Pointe Homes in a research note issued on Monday. Wedbush analyst J. Mccanless expects that the brokerage will earn $0.23 per share for the quarter. Wedbush has a “Outperform” rating and a $17.00 price objective on the stock. Wedbush also issued estimates for Tri Pointe Homes’ Q4 2016 earnings at $0.36 EPS, FY2016 earnings at $1.23 EPS, Q1 2017 earnings at $0.21 EPS, Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.40 EPS, Q4 2017 earnings at $0.53 EPS and FY2017 earnings at $1.41 EPS.

Tri Pointe Homes (NYSE:TPH) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.18. The firm had revenue of $556.93 million for the quarter, compared to analyst estimates of $545.23 million. Tri Pointe Homes had a return on equity of 14.02% and a net margin of 9.23%. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share.

TPH has been the topic of several other research reports. Citigroup Inc. upped their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, July 29th. TheStreet upgraded Tri Pointe Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded Tri Pointe Homes from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 19th. Finally, FBR & Co upped their price objective on Tri Pointe Homes from $15.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Tri Pointe Homes has an average rating of “Buy” and a consensus target price of $15.79.

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Tri Pointe Homes (NYSE:TPH) traded up 1.68% during mid-day trading on Thursday, reaching $12.74. The company’s stock had a trading volume of 307,425 shares. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 8.67 and a beta of 1.61. Tri Pointe Homes has a 52-week low of $8.83 and a 52-week high of $14.60. The firm has a 50 day moving average price of $13.36 and a 200 day moving average price of $12.29.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TPH. State Treasurer State of Michigan boosted its position in Tri Pointe Homes by 0.5% in the second quarter. State Treasurer State of Michigan now owns 58,500 shares of the company’s stock valued at $691,000 after buying an additional 300 shares during the last quarter. Legal & General Group Plc boosted its position in Tri Pointe Homes by 1.0% in the second quarter. Legal & General Group Plc now owns 37,309 shares of the company’s stock valued at $436,000 after buying an additional 366 shares during the last quarter. Amalgamated Bank boosted its position in Tri Pointe Homes by 2.3% in the second quarter. Amalgamated Bank now owns 18,410 shares of the company’s stock valued at $251,000 after buying an additional 409 shares during the last quarter. US Bancorp DE boosted its position in Tri Pointe Homes by 0.9% in the second quarter. US Bancorp DE now owns 44,950 shares of the company’s stock valued at $531,000 after buying an additional 410 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in Tri Pointe Homes by 2.2% in the second quarter. Neuberger Berman Group LLC now owns 35,328 shares of the company’s stock valued at $418,000 after buying an additional 747 shares during the last quarter. 98.27% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. The Company’s homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

5 Day Chart for NYSE:TPH

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