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

Wall Street brokerages expect that TRI Pointe Group Inc (NYSE:TPH) will post $0.65 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TRI Pointe Group’s earnings. The highest EPS estimate is $0.66 and the lowest is $0.63. TRI Pointe Group posted 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 firm is expected to issue its next earnings results on Tuesday, February 19th.

On average, analysts expect that TRI Pointe Group will report full year earnings of $1.78 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.80. For the next financial year, analysts expect that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.42 to $1.90. Zacks Investment Research’s earnings per share averages are an 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 results on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. The company had revenue of $771.80 million for the quarter, compared to the consensus estimate of $768.01 million. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.48 EPS.

A number of research firms have recently weighed in on TPH. B. Riley cut their price target on TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, July 30th. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Wedbush reiterated an “outperform” rating on shares of TRI Pointe Group in a research report on Friday, July 20th. Wells Fargo & Co dropped their price target on shares of TRI Pointe Group from $20.00 to $16.00 and set a “market perform” rating for the company in a research report on Monday, July 30th. Finally, Deutsche Bank dropped their price target on shares of TRI Pointe Group from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Tuesday, July 31st. Two 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 has an average rating of “Hold” and a consensus target price of $16.90.

Shares of TPH stock traded up $0.38 during trading hours on Friday, reaching $12.04. The company had a trading volume of 2,505,872 shares, compared to its average volume of 3,548,270. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.72. The company has a market cap of $1.72 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.68 and a beta of 1.36. TRI Pointe Group has a 1-year low of $10.55 and a 1-year high of $19.55.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. boosted its position in shares of TRI Pointe Group by 97.0% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,277,661 shares of the construction company’s stock worth $53,043,000 after purchasing an additional 2,106,474 shares during the period. Northern Trust Corp grew its holdings in shares of TRI Pointe Group by 65.7% in the second quarter. Northern Trust Corp now owns 3,632,311 shares of the construction company’s stock worth $59,423,000 after purchasing an additional 1,440,341 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TRI Pointe Group by 38.7% in the third quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock worth $41,643,000 after purchasing an additional 936,226 shares during the last quarter. Glenmede Trust Co. NA grew its holdings in shares of TRI Pointe Group by 18.1% in the second quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock worth $49,022,000 after purchasing an additional 458,962 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of TRI Pointe Group by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock worth $35,221,000 after purchasing an additional 120,053 shares during the last quarter.

About TRI Pointe Group

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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