Tri Pointe Homes (NYSE:TPH) Announces Earnings Results

Tri Pointe Homes (NYSE:TPH) announced its earnings results on Thursday. The construction company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.12, MarketWatch Earnings reports. The firm had revenue of $716.70 million for the quarter, compared to analysts’ expectations of $736.24 million. Tri Pointe Homes had a return on equity of 13.70% and a net margin of 8.54%. Tri Pointe Homes’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS.

NYSE:TPH traded down $0.91 during mid-day trading on Thursday, reaching $21.45. The stock had a trading volume of 38,098 shares, compared to its average volume of 1,695,161. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 10.50 and a beta of 1.59. Tri Pointe Homes has a 1-year low of $9.23 and a 1-year high of $22.97. The stock’s 50 day simple moving average is $20.72 and its two-hundred day simple moving average is $18.96. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.33 and a quick ratio of 1.33.

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 62,974 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $20.31, for a total value of $1,279,001.94. Following the completion of the transaction, the chief executive officer now directly owns 138,583 shares in the company, valued at $2,814,620.73. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Steven J. Gilbert sold 6,972 shares of Tri Pointe Homes stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $20.43, for a total value of $142,437.96. Following the completion of the transaction, the director now owns 56,892 shares of the company’s stock, valued at $1,162,303.56. The disclosure for this sale can be found here. Insiders sold 83,115 shares of company stock valued at $1,686,268 over the last quarter. Insiders own 1.80% of the company’s stock.

A number of brokerages have commented on TPH. Royal Bank of Canada cut Tri Pointe Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $22.00 to $19.00 in a report on Friday, January 8th. Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Thursday. Janney Montgomery Scott started coverage on Tri Pointe Homes in a report on Thursday, January 21st. They set a “buy” rating and a $26.00 target price on the stock. Wolfe Research started coverage on Tri Pointe Homes in a report on Monday, March 22nd. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company started coverage on Tri Pointe Homes in a report on Wednesday. They set an “equal weight” rating and a $23.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $22.00.

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 brands, including 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, Virginia, and the District of Columbia.

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Earnings History for Tri Pointe Homes (NYSE:TPH)

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