Q4 2022 Earnings Estimate for Tri Pointe Homes, Inc. (NYSE:TPH) Issued By B. Riley

Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) – Analysts at B. Riley lowered their Q4 2022 EPS estimates for Tri Pointe Homes in a note issued to investors on Thursday, June 16th. B. Riley analyst A. Rygiel now anticipates that the construction company will post earnings per share of $1.62 for the quarter, down from their prior estimate of $1.69. B. Riley currently has a “Neutral” rating and a $20.00 target price on the stock. The consensus estimate for Tri Pointe Homes’ current full-year earnings is $5.31 per share.

Separately, StockNews.com raised shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a report on Friday, June 10th.

Tri Pointe Homes stock opened at $15.63 on Friday. The company has a market cap of $1.62 billion, a PE ratio of 3.63 and a beta of 1.39. The company has a fifty day moving average price of $20.20 and a two-hundred day moving average price of $22.66. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.93. Tri Pointe Homes has a 12 month low of $15.48 and a 12 month high of $28.28.

Tri Pointe Homes (NYSE:TPHGet Rating) last released its quarterly earnings results on Thursday, April 21st. The construction company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.25. Tri Pointe Homes had a net margin of 12.19% and a return on equity of 20.48%. The business had revenue of $725.30 million during the quarter, compared to the consensus estimate of $667.41 million. During the same quarter last year, the company earned $0.59 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of the business. Captrust Financial Advisors raised its stake in shares of Tri Pointe Homes by 30.4% during the first quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after purchasing an additional 531 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Tri Pointe Homes by 5.9% during the first quarter. Crossmark Global Holdings Inc. now owns 11,120 shares of the construction company’s stock valued at $223,000 after purchasing an additional 620 shares in the last quarter. Comerica Bank raised its stake in shares of Tri Pointe Homes by 0.7% during the first quarter. Comerica Bank now owns 90,060 shares of the construction company’s stock valued at $1,907,000 after purchasing an additional 630 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of Tri Pointe Homes by 1.5% during the fourth quarter. Waterfront Wealth Inc. now owns 44,995 shares of the construction company’s stock valued at $1,255,000 after purchasing an additional 680 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Tri Pointe Homes by 2.5% during the first quarter. Federated Hermes Inc. now owns 28,674 shares of the construction company’s stock valued at $576,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 98.98% of the company’s stock.

Tri Pointe Homes Company Profile (Get Rating)

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 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, Virginia, and the District of Columbia.

See Also

Earnings History and Estimates for Tri Pointe Homes (NYSE:TPH)

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