Analysts Expect TRI Pointe Group Inc (TPH) Will Announce Earnings of $0.65 Per Share

Wall Street analysts expect that TRI Pointe Group Inc (NYSE:TPH) will post $0.65 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.63. TRI Pointe Group reported earnings of $0.70 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 7.1%. The business is expected to report its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that TRI Pointe Group will report full-year earnings of $1.78 per share for the current year, with EPS estimates ranging from $1.75 to $1.80. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.71 per share, with EPS estimates ranging from $1.42 to $1.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. TRI Pointe Group had a net margin of 7.51% and a return on equity of 14.09%. The firm had revenue of $771.80 million for the quarter, compared to analysts’ expectations of $768.01 million. During the same period in the previous year, the company posted $0.48 EPS. The company’s quarterly revenue was up 19.0% compared to the same quarter last year.

TPH has been the topic of several research analyst reports. Susquehanna Bancshares set a $21.00 price objective on shares of TRI Pointe Group and gave the stock a “buy” rating in a research report on Monday, July 30th. B. Riley lowered their price objective on shares of TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. Buckingham Research lowered their price objective on shares of TRI Pointe Group from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, July 30th. JMP Securities set a $14.00 target price on shares of TRI Pointe Group and gave the company a “buy” rating in a research note on Thursday, October 25th. Finally, TheStreet lowered shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a research note on Wednesday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.90.

Large investors have recently modified their holdings of the business. Truvestments Capital LLC acquired a new stake in shares of TRI Pointe Group during the 2nd quarter valued at $172,000. Jane Street Group LLC acquired a new stake in shares of TRI Pointe Group in the 2nd quarter valued at $185,000. Eqis Capital Management Inc. acquired a new stake in shares of TRI Pointe Group in the 2nd quarter valued at $197,000. Fox Run Management L.L.C. acquired a new stake in shares of TRI Pointe Group in the 2nd quarter valued at $208,000. Finally, LPL Financial LLC acquired a new stake in shares of TRI Pointe Group in the 1st quarter valued at $209,000.

NYSE TPH traded down $0.23 on Friday, hitting $11.92. 2,137,939 shares of the stock were exchanged, compared to its average volume of 3,527,669. TRI Pointe Group has a 52-week low of $10.55 and a 52-week high of $19.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 0.70 and a beta of 1.36.

TRI Pointe Group Company Profile

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.

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

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