Tri Pointe Homes (TPH) Scheduled to Post Quarterly Earnings on Thursday

Tri Pointe Homes (NYSE:TPH) will be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Tri Pointe Homes to post earnings of $0.69 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Tri Pointe Homes (NYSE:TPH) last issued its quarterly earnings data on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.24. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. Tri Pointe Homes’s revenue was down 17.5% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. On average, analysts expect Tri Pointe Homes to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tri Pointe Homes Stock Up 1.0 %

Tri Pointe Homes stock opened at $35.28 on Tuesday. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.37 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.74 and a beta of 1.54. The business has a fifty day moving average of $35.64 and a two-hundred day moving average of $32.74. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $39.08.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TPH. Royal Bank of Canada raised shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Wednesday, March 13th. Oppenheimer reaffirmed an “outperform” rating and set a $41.00 price target (up from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Finally, Wedbush reaffirmed a “neutral” rating and set a $32.00 target price on shares of Tri Pointe Homes in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.20.

Insider Activity at Tri Pointe Homes

In other news, COO Thomas J. Mitchell sold 51,533 shares of the firm’s 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 transaction, the chief operating officer now owns 785,543 shares in the company, valued at $27,666,824.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

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.