$0.15 EPS Expected for TRI Pointe Group Inc (NYSE:TPH) This Quarter

Wall Street analysts expect TRI Pointe Group Inc (NYSE:TPH) to post earnings per share of $0.15 for the current quarter, according to Zacks. Four analysts have issued estimates for TRI Pointe Group’s earnings, with estimates ranging from $0.14 to $0.15. TRI Pointe Group reported earnings per share of $0.42 during the same quarter last year, which would indicate a negative year over year growth rate of 64.3%. The business is scheduled to issue its next earnings report on Friday, July 26th.

According to Zacks, analysts expect that TRI Pointe Group will report full year earnings of $1.27 per share for the current year, with EPS estimates ranging from $1.25 to $1.31. For the next fiscal year, analysts expect that the company will post earnings of $1.57 per share, with EPS estimates ranging from $1.45 to $1.64. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $492.70 million during the quarter, compared to analyst estimates of $467.11 million. TRI Pointe Group had a return on equity of 11.87% and a net margin of 7.16%. The firm’s revenue was down 15.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share.

A number of research firms have commented on TPH. JMP Securities increased their target price on TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 27th. Wedbush restated a “neutral” rating and issued a $11.00 target price on shares of TRI Pointe Group in a research report on Wednesday, February 27th. Susquehanna Bancshares restated a “neutral” rating and issued a $14.00 target price (down from $16.00) on shares of TRI Pointe Group in a research report on Wednesday, April 17th. Zacks Investment Research upgraded TRI Pointe Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Evercore ISI cut TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $15.38.

Several institutional investors and hedge funds have recently made changes to their positions in TPH. Marshall Wace North America L.P. bought a new position in TRI Pointe Group in the 1st quarter worth approximately $330,000. Marshall Wace LLP acquired a new position in TRI Pointe Group in the 1st quarter worth $179,000. BlueMountain Capital Management LLC acquired a new position in TRI Pointe Group in the 1st quarter worth $93,000. CWM Advisors LLC acquired a new position in TRI Pointe Group in the 1st quarter worth $156,000. Finally, Man Group plc boosted its stake in TRI Pointe Group by 79.5% in the 1st quarter. Man Group plc now owns 517,392 shares of the construction company’s stock worth $6,540,000 after purchasing an additional 229,171 shares during the period.

Shares of TPH stock traded up $0.01 during trading hours on Wednesday, reaching $12.59. The company had a trading volume of 892,700 shares, compared to its average volume of 1,500,532. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.54. TRI Pointe Group has a twelve month low of $10.37 and a twelve month high of $18.25. The firm has a market cap of $1.80 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 0.99 and a beta of 1.33.

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 6 brands across 10 states, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, 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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