Analysts predict that TRI Pointe Group, Inc. (NYSE:TPH) will announce sales of $1.09 billion for the current quarter, Zacks reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.06 billion. TRI Pointe Group reported sales of $773.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 41%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that TRI Pointe Group will report full-year sales of $1.09 billion for the current financial year, with estimates ranging from $2.74 billion to $2.82 billion. For the next year, analysts expect that the company will post sales of $3.23 billion per share, with estimates ranging from $3.08 billion to $3.68 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The business had revenue of $717.40 million during the quarter, compared to analysts’ expectations of $706.65 million. During the same period in the previous year, the business posted $0.22 earnings per share. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year.

A number of research analysts recently issued reports on TPH shares. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price target for the company in a report on Tuesday, October 24th. Wedbush reaffirmed an “outperform” rating and issued a $16.00 price target (down from $18.00) on shares of TRI Pointe Group in a report on Friday, October 20th. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. BTIG Research raised TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, October 26th. Finally, Barclays PLC set a $17.00 price objective on TRI Pointe Group and gave the stock a “hold” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. TRI Pointe Group presently has a consensus rating of “Hold” and a consensus target price of $17.00.

In other TRI Pointe Group news, VP Bradley William Blank sold 14,725 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $17.54, for a total transaction of $258,276.50. Following the completion of the sale, the vice president now directly owns 49,070 shares of the company’s stock, valued at approximately $860,687.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas F. Bauer sold 42,294 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $17.54, for a total value of $741,836.76. Following the sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,074,550.02. The disclosure for this sale can be found here. Insiders have sold a total of 913,459 shares of company stock valued at $15,111,927 over the last three months. Company insiders own 2.20% of the company’s stock.

Several institutional investors have recently bought and sold shares of TPH. World Asset Management Inc acquired a new position in shares of TRI Pointe Group in the 2nd quarter valued at approximately $132,000. Shelton Capital Management acquired a new position in shares of TRI Pointe Group in the 2nd quarter valued at approximately $146,000. Teacher Retirement System of Texas grew its position in shares of TRI Pointe Group by 6.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after purchasing an additional 725 shares during the period. Riverhead Capital Management LLC grew its position in shares of TRI Pointe Group by 89.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 12,720 shares of the construction company’s stock valued at $168,000 after purchasing an additional 6,020 shares during the period. Finally, LS Investment Advisors LLC grew its position in shares of TRI Pointe Group by 33.4% in the 2nd quarter. LS Investment Advisors LLC now owns 13,083 shares of the construction company’s stock valued at $173,000 after purchasing an additional 3,276 shares during the period.

TRI Pointe Group (NYSE TPH) opened at $18.05 on Friday. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80. TRI Pointe Group has a twelve month low of $11.31 and a twelve month high of $18.17. The stock has a market capitalization of $2,697.25, a PE ratio of 16.30, a P/E/G ratio of 1.20 and a beta of 1.75.

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TRI Pointe Group 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. Its 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.

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Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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