Tri Pointe Homes (NYSE:TPH) Issues Earnings Results, Beats Expectations By $0.34 EPS

Tri Pointe Homes (NYSE:TPH) posted its quarterly earnings data on Thursday. The construction company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.34, Briefing.com reports. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The firm had revenue of $918.40 million during the quarter, compared to analyst estimates of $867.77 million. During the same quarter last year, the business posted $0.73 EPS. The company’s revenue was up 19.5% on a year-over-year basis.

Tri Pointe Homes Stock Up 2.6 %

Shares of Tri Pointe Homes stock traded up $0.94 during midday trading on Friday, reaching $37.76. 542,693 shares of the company’s stock traded hands, compared to its average volume of 1,058,397. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54. The company’s 50 day simple moving average is $35.73 and its 200 day simple moving average is $32.86. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. Tri Pointe Homes has a 52 week low of $24.18 and a 52 week high of $39.08.

Insider Activity

In other news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

TPH has been the subject of a number of research reports. Wedbush reissued a “neutral” rating and set a $35.00 target price on shares of Tri Pointe Homes in a research note on Thursday. Oppenheimer lifted their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tri Pointe Homes presently has an average rating of “Moderate Buy” and an average price target of $40.60.

Tri Pointe Homes Company Profile

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.