Wall Street brokerages expect TRI Pointe Group Inc (NYSE:TPH) to report $721.73 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the lowest sales estimate coming in at $703.50 million and the highest estimate coming in at $768.00 million. TRI Pointe Group posted sales of $570.28 million during the same quarter last year, which suggests a positive year over year growth rate of 26.6%. The business is expected to report its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that TRI Pointe Group will report full-year sales of $3.29 billion for the current year, with estimates ranging from $3.17 billion to $3.56 billion. For the next fiscal year, analysts expect that the firm will report sales of $3.68 billion per share, with estimates ranging from $3.52 billion to $4.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. TRI Pointe Group had a net margin of 7.40% and a return on equity of 13.55%. The firm had revenue of $586.20 million during the quarter, compared to analyst estimates of $552.11 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. TRI Pointe Group’s quarterly revenue was up 49.5% on a year-over-year basis.
TPH has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. ValuEngine lowered shares of TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Wedbush reissued an “outperform” rating and issued a $21.00 price objective on shares of TRI Pointe Group in a report on Wednesday, April 25th. JMP Securities upped their price objective on shares of TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a report on Friday, April 27th. Finally, Gabelli lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. TRI Pointe Group has a consensus rating of “Hold” and a consensus price target of $19.00.
Shares of TPH traded down $0.11 during mid-day trading on Friday, reaching $17.81. The stock had a trading volume of 2,215,209 shares, compared to its average volume of 1,663,999. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.75. TRI Pointe Group has a 52-week low of $12.11 and a 52-week high of $19.55. The firm has a market capitalization of $2.67 billion, a P/E ratio of 12.54, a P/E/G ratio of 0.81 and a beta of 1.47.
TRI Pointe Group declared that its board has approved a share buyback plan on Tuesday, February 20th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In other TRI Pointe Group news, CEO Douglas F. Bauer sold 28,928 shares of the company’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $17.76, for a total value of $513,761.28. Following the transaction, the chief executive officer now owns 168,479 shares of the company’s stock, valued at $2,992,187.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas F. Bauer sold 28,828 shares of the stock in a transaction dated Friday, April 27th. The stock was sold at an average price of $17.76, for a total transaction of $511,985.28. Following the sale, the chief executive officer now directly owns 168,479 shares in the company, valued at approximately $2,992,187.04. The disclosure for this sale can be found here. Insiders sold 249,868 shares of company stock worth $4,410,665 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd lifted its position in shares of TRI Pointe Group by 1,809.4% during the first quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock worth $117,000 after purchasing an additional 6,767 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of TRI Pointe Group by 108.7% during the first quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after purchasing an additional 3,909 shares in the last quarter. KCS Wealth Advisory acquired a new stake in shares of TRI Pointe Group during the first quarter worth about $182,000. Zeke Capital Advisors LLC acquired a new stake in shares of TRI Pointe Group during the fourth quarter worth about $201,000. Finally, LPL Financial LLC acquired a new stake in shares of TRI Pointe Group during the first quarter worth about $209,000.
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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