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

Tri Pointe Homes (NYSE:TPH) announced its quarterly earnings data on Thursday. The construction company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.34, Briefing.com reports. Tri Pointe Homes had a return on equity of 12.39% and a net margin of 9.62%. The firm had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same period in the prior year, the business earned $0.73 EPS. The business’s revenue for the quarter was up 19.5% on a year-over-year basis.

Tri Pointe Homes Price Performance

Shares of NYSE:TPH opened at $37.87 on Friday. The company has a quick ratio of 2.11, a current ratio of 1.99 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $35.79 and a 200 day moving average price of $32.94. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.77 and a beta of 1.54. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $39.08.

Wall Street Analyst Weigh In

TPH has been the topic of several recent research reports. Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Oppenheimer increased their target price on shares of Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wedbush restated a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.60.

Insiders Place Their Bets

In other news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.00% of the company’s stock.

About Tri Pointe Homes

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.