TRI Pointe Group Inc (NYSE:TPH) Expected to Announce Earnings of $0.41 Per Share

Equities analysts expect that TRI Pointe Group Inc (NYSE:TPH) will announce earnings per share of $0.41 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for TRI Pointe Group’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.37. TRI Pointe Group posted earnings per share of $0.43 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that TRI Pointe Group will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.20 to $1.27. For the next year, analysts anticipate that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.45 to $1.64. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. TRI Pointe Group had a net margin of 6.12% and a return on equity of 9.96%. The company had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $635.33 million. During the same quarter in the previous year, the company earned $0.42 EPS. TRI Pointe Group’s revenue for the quarter was down 10.0% on a year-over-year basis.

A number of research analysts recently weighed in on TPH shares. ValuEngine upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Zacks Investment Research cut shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, TheStreet cut shares of TRI Pointe Group from a “b-” rating to a “c+” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.60.

A number of hedge funds have recently made changes to their positions in TPH. Echo Street Capital Management LLC purchased a new stake in TRI Pointe Group in the 2nd quarter worth $40,899,000. JPMorgan Chase & Co. lifted its stake in TRI Pointe Group by 85.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,542,605 shares of the construction company’s stock worth $64,959,000 after purchasing an additional 2,550,361 shares in the last quarter. Norges Bank bought a new stake in shares of TRI Pointe Group in the 4th quarter worth about $17,789,000. Marshall Wace LLP increased its holdings in shares of TRI Pointe Group by 4,222.1% in the 2nd quarter. Marshall Wace LLP now owns 614,737 shares of the construction company’s stock worth $7,358,000 after buying an additional 600,514 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in shares of TRI Pointe Group in the 2nd quarter worth about $7,178,000.

Shares of TPH traded up $0.18 during trading hours on Monday, reaching $13.57. 1,064,000 shares of the stock traded hands, compared to its average volume of 1,570,982. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.69. TRI Pointe Group has a 52-week low of $10.37 and a 52-week high of $15.01. The company’s 50-day moving average price is $12.94 and its two-hundred day moving average price is $13.00. The company has a market cap of $1.92 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.21.

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 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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