TRI Pointe Group (TPH) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS
TRI Pointe Group (NYSE:TPH) released its quarterly earnings results on Tuesday. The construction company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.06, Bloomberg Earnings reports. The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.11 billion. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The firm’s revenue for the quarter was up 45.7% compared to the same quarter last year. During the same period last year, the firm posted $0.36 EPS.
Shares of TRI Pointe Group (TPH) traded down $0.04 during midday trading on Tuesday, reaching $17.71. The company’s stock had a trading volume of 268,106 shares, compared to its average volume of 1,995,725. The firm has a market cap of $2,670.18, a PE ratio of 16.14, a PEG ratio of 0.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43. TRI Pointe Group has a 52-week low of $11.74 and a 52-week high of $19.55.
Several research firms recently weighed in on TPH. ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a report on Saturday, January 6th. Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $21.00 in a report on Friday, January 5th. Wedbush lifted their price objective on TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, December 29th. Finally, B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $18.22.
Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC bought a new position in shares of TRI Pointe Group in the 3rd quarter valued at $197,000. Zeke Capital Advisors LLC bought a new position in shares of TRI Pointe Group in the 4th quarter valued at $201,000. Quantitative Systematic Strategies LLC bought a new position in shares of TRI Pointe Group in the 3rd quarter valued at $202,000. Jefferies Group LLC bought a new position in shares of TRI Pointe Group in the 4th quarter valued at $237,000. Finally, California Public Employees Retirement System increased its stake in shares of TRI Pointe Group by 140.0% in the 3rd quarter. California Public Employees Retirement System now owns 24,000 shares of the construction company’s stock valued at $331,000 after purchasing an additional 14,000 shares during the last quarter.
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TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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