Wall Street analysts predict that TRI Pointe Group, Inc. (NYSE:TPH) will post earnings of $0.19 per share for the current quarter, Zacks reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with estimates ranging from $0.16 to $0.20. TRI Pointe Group posted earnings of $0.46 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 58.7%. The business is scheduled to announce its next quarterly earnings results on Wednesday, July 26th.
According to Zacks, analysts expect that TRI Pointe Group will report full year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.31. For the next fiscal year, analysts forecast that the firm will post earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last announced its earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. TRI Pointe Group had a return on equity of 9.60% and a net margin of 7.38%. TRI Pointe Group’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share.
A number of research analysts have recently issued reports on TPH shares. Deutsche Bank AG cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $13.00 in a report on Monday, February 27th. ValuEngine cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Wedbush reduced their price objective on shares of TRI Pointe Group from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Tuesday, February 21st. Finally, FBR & Co reiterated an “outperform” rating and set a $16.00 price objective on shares of TRI Pointe Group in a report on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.38.
In related news, Director Barry S. Sternlicht sold 11,985,905 shares of the business’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $12.76, for a total transaction of $152,940,147.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.40% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TPH. BlackRock Inc. boosted its position in TRI Pointe Group by 19,738.7% in the first quarter. BlackRock Inc. now owns 18,584,658 shares of the construction company’s stock worth $233,053,000 after buying an additional 18,490,979 shares during the last quarter. Omega Advisors Inc. bought a new position in TRI Pointe Group during the first quarter worth $45,834,000. Wellington Management Group LLP bought a new position in TRI Pointe Group during the first quarter worth $31,284,000. Dimensional Fund Advisors LP boosted its position in TRI Pointe Group by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,004,746 shares of the construction company’s stock worth $137,817,000 after buying an additional 2,070,855 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its position in TRI Pointe Group by 292.2% in the first quarter. Point72 Asset Management L.P. now owns 2,696,159 shares of the construction company’s stock worth $33,810,000 after buying an additional 2,008,759 shares during the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.
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Shares of TRI Pointe Group (NYSE:TPH) traded up 0.24% during trading on Friday, reaching $12.48. 2,709,757 shares of the company were exchanged. The stock’s 50-day moving average is $12.48 and its 200-day moving average is $12.30. TRI Pointe Group has a 52-week low of $10.35 and a 52-week high of $14.20. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of 11.52 and a beta of 1.67.
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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