Tri Pointe Homes (TPH) to Release Quarterly Earnings on Thursday

Tri Pointe Homes (NYSE:TPH) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tri Pointe Homes (NYSE:TPH) last announced its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.24. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. Tri Pointe Homes’s revenue for the quarter was down 17.5% on a year-over-year basis. During the same period last year, the company posted $1.98 EPS. On average, analysts expect Tri Pointe Homes to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tri Pointe Homes Stock Performance

TPH stock opened at $35.28 on Tuesday. Tri Pointe Homes has a 1-year low of $24.18 and a 1-year high of $39.08. The company has a current ratio of 2.11, a quick ratio of 2.11 and a debt-to-equity ratio of 0.46. The firm has a market cap of $3.37 billion, a PE ratio of 10.22, a P/E/G ratio of 0.74 and a beta of 1.54. The business’s 50-day moving average price is $35.64 and its two-hundred day moving average price is $32.74.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wedbush reiterated a “neutral” rating and issued a $32.00 price target on shares of Tri Pointe Homes in a report on Tuesday, February 20th. Oppenheimer reissued an “outperform” rating and issued a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a research report on Wednesday, February 21st. Finally, Royal Bank of Canada raised Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price target for the company in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.20.

Insider Buying and Selling

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was 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 of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.50% of the stock is currently owned by company insiders.

About Tri Pointe Homes

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.