TRI Pointe Group (TPH) to Release Quarterly Earnings on Tuesday

TRI Pointe Group (NYSE:TPH) is scheduled to be announcing its earnings results before the market opens on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

Shares of TRI Pointe Group (NYSE:TPH) opened at $16.59 on Tuesday. TRI Pointe Group has a 12-month low of $11.74 and a 12-month high of $19.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market capitalization of $2,440.00, a price-to-earnings ratio of 15.08, a PEG ratio of 0.84 and a beta of 1.57.

A number of analysts have recently weighed in on TPH shares. Barclays set a $17.00 price objective on TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 26th. JMP Securities upped their price objective on TRI Pointe Group from $16.00 to $18.00 and gave the stock a “market outperform” rating in a research report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Wedbush upped their price objective on TRI Pointe Group from $19.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, December 29th. Finally, Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TRI Pointe Group currently has a consensus rating of “Buy” and a consensus price target of $18.22.

In related news, CEO Douglas F. Bauer sold 75,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $18.04, for a total value of $1,353,000.00. Following the transaction, the chief executive officer now owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas J. Mitchell sold 150,822 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the transaction, the insider now directly owns 274,312 shares in the company, valued at approximately $5,165,294.96. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

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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.

Earnings History for TRI Pointe Group (NYSE:TPH)

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