Tri Pointe Homes (NYSE:TPH – Get Free Report) announced its quarterly earnings data on Thursday. The construction company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34, Briefing.com reports. The firm had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The business’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share.
Tri Pointe Homes Stock Up 2.6 %
Shares of Tri Pointe Homes stock traded up $0.94 during trading hours on Friday, hitting $37.76. The company had a trading volume of 385,536 shares, compared to its average volume of 1,056,465. The company’s 50-day moving average is $35.73 and its two-hundred day moving average is $32.86. Tri Pointe Homes has a twelve month low of $24.18 and a twelve month high of $39.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11. The company has a market cap of $3.60 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.76 and a beta of 1.54.
Insider Activity
In other news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the completion of the transaction, the chief operating officer now owns 785,543 shares in the company, valued at approximately $27,666,824.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
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Tri Pointe Homes Company Profile
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.
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