Brokerages Expect TRI Pointe Group, Inc. (NYSE:TPH) Will Post Earnings of $0.47 Per Share

Equities research analysts forecast that TRI Pointe Group, Inc. (NYSE:TPH) will post earnings of $0.47 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TRI Pointe Group’s earnings, with estimates ranging from $0.45 to $0.49. TRI Pointe Group reported earnings per share of $0.22 in the same quarter last year, which indicates a positive year-over-year growth rate of 113.6%. The company is scheduled to issue its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that TRI Pointe Group will report full year earnings of $1.33 per share for the current year, with EPS estimates ranging from $1.30 to $1.36. For the next financial year, analysts expect that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.44 to $1.53. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The company’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.46 EPS.

Several research analysts have weighed in on the company. Zacks Investment Research raised TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, August 3rd. BidaskClub lowered TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Thursday, July 27th. TheStreet raised TRI Pointe Group from a “c” rating to a “b-” rating in a research report on Monday, July 10th. Finally, Barclays PLC lowered TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price on the stock. in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. TRI Pointe Group has an average rating of “Hold” and a consensus target price of $14.13.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Meadow Creek Investment Management LLC raised its position in shares of TRI Pointe Group by 26.8% in the first quarter. Meadow Creek Investment Management LLC now owns 9,180 shares of the construction company’s stock worth $115,000 after buying an additional 1,938 shares in the last quarter. World Asset Management Inc bought a new position in shares of TRI Pointe Group during the second quarter worth approximately $132,000. 1st Global Advisors Inc. raised its position in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock worth $138,000 after buying an additional 984 shares in the last quarter. Cornerstone Financial Partners LLC bought a new position in shares of TRI Pointe Group during the second quarter worth approximately $148,000. Finally, Teacher Retirement System of Texas raised its position in shares of TRI Pointe Group by 6.0% in the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after buying an additional 725 shares in the last quarter. 98.68% of the stock is currently owned by institutional investors and hedge funds.

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TRI Pointe Group (TPH) traded up 0.66% during trading on Thursday, hitting $13.77. The stock had a trading volume of 1,454,677 shares. The company has a 50 day moving average of $13.31 and a 200-day moving average of $12.63. The company has a market cap of $2.08 billion, a P/E ratio of 16.35 and a beta of 1.66. TRI Pointe Group has a 12-month low of $10.35 and a 12-month high of $14.21.

TRI Pointe Group declared that its Board of Directors has approved a share buyback plan on Wednesday, July 26th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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

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