TRI Pointe Group (NYSE:TPH) – Equities research analysts at Wedbush upped their Q4 2018 earnings per share estimates for TRI Pointe Group in a report issued on Wednesday, April 25th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.81 per share for the quarter, up from their prior estimate of $0.76. Wedbush has a “Outperform” rating and a $21.00 price target on the stock. Wedbush also issued estimates for TRI Pointe Group’s Q1 2019 earnings at $0.24 EPS, Q2 2019 earnings at $0.34 EPS, Q3 2019 earnings at $0.48 EPS and Q4 2019 earnings at $1.00 EPS.

Other equities analysts have also issued research reports about the company. JMP Securities upped their price target on TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a research note on Friday. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Saturday, January 6th. ValuEngine raised TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Gabelli lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Barclays raised TRI Pointe Group from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $17.00 to $21.00 in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $19.25.

Shares of TPH opened at $17.73 on Friday. The company has a current ratio of 0.93, a quick ratio of 1.01 and a debt-to-equity ratio of 0.75. TRI Pointe Group has a 12-month low of $12.03 and a 12-month high of $19.55. The firm has a market cap of $2,535.83, a PE ratio of 12.49, a PEG ratio of 0.85 and a beta of 1.43.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, April 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.04. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. The business had revenue of $586.20 million for 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. The firm’s revenue for the quarter was up 49.5% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC acquired a new position in TRI Pointe Group in the fourth quarter valued at about $201,000. Jefferies Group LLC acquired a new position in TRI Pointe Group in the fourth quarter valued at about $237,000. Xact Kapitalforvaltning AB acquired a new position in TRI Pointe Group in the fourth quarter valued at about $250,000. Acadian Asset Management LLC acquired a new position in TRI Pointe Group in the fourth quarter valued at about $337,000. Finally, LS Investment Advisors LLC lifted its stake in TRI Pointe Group by 65.5% in the fourth quarter. LS Investment Advisors LLC now owns 20,017 shares of the construction company’s stock valued at $359,000 after buying an additional 7,923 shares during the period.

TRI Pointe Group announced that its Board of Directors has initiated a stock repurchase program on Tuesday, February 20th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the construction company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

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.

Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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