Wall Street analysts predict that TRI Pointe Group Inc (NYSE:TPH) will report $757.12 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for TRI Pointe Group’s earnings, with estimates ranging from $739.00 million to $785.79 million. TRI Pointe Group posted sales of $717.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to announce its next earnings report before the market opens on Wednesday, October 24th.
On average, analysts expect that TRI Pointe Group will report full-year sales of $3.25 billion for the current year, with estimates ranging from $3.21 billion to $3.27 billion. For the next financial year, analysts forecast that the company will post sales of $3.49 billion per share, with estimates ranging from $3.35 billion to $3.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Friday, July 27th. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. TRI Pointe Group had a net margin of 7.90% and a return on equity of 14.73%. The business had revenue of $768.80 million during the quarter, compared to analyst estimates of $728.61 million. During the same period last year, the firm posted $0.21 EPS. The company’s revenue was up 35.2% on a year-over-year basis.
A number of equities research analysts have issued reports on TPH shares. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 31st. JMP Securities cut their price objective on shares of TRI Pointe Group from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Monday, July 30th. B. Riley cut their price objective on shares of TRI Pointe Group from $23.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 30th. Royal Bank of Canada started coverage on shares of TRI Pointe Group in a report on Wednesday, June 27th. They set a “sector perform” rating for the company. Finally, Wedbush reaffirmed an “outperform” rating on shares of TRI Pointe Group in a report on Friday, July 20th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.77.
Shares of TPH opened at $14.27 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.72. TRI Pointe Group has a 1 year low of $12.77 and a 1 year high of $19.55. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 9.70, a P/E/G ratio of 0.69 and a beta of 1.49.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of TRI Pointe Group during the 2nd quarter valued at approximately $172,000. Bank of New York Mellon Corp boosted its position in shares of TRI Pointe Group by 10.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,720,247 shares of the construction company’s stock valued at $44,503,000 after acquiring an additional 257,461 shares during the last quarter. Jane Street Group LLC bought a new position in shares of TRI Pointe Group during the 2nd quarter valued at approximately $185,000. California Public Employees Retirement System lifted its position in TRI Pointe Group by 678.7% in the second quarter. California Public Employees Retirement System now owns 226,803 shares of the construction company’s stock worth $3,710,000 after buying an additional 197,679 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in TRI Pointe Group by 18.1% in the second quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock worth $49,022,000 after buying an additional 458,962 shares during the last quarter.
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 six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.
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