Stock analysts expect Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) to report earnings per share (EPS) of $0.56 for the current quarter, Zacks reports. Three analysts released earnings estimates for Tri Pointe Homes. The lowest EPS estimate is $0.53 and the highest is $0.58. Tri Pointe Homes posted earnings of $0.59 per share in the same quarter last year, which would indicate a negative 5.1% year-over-year growth rate. The company is expected to release its next earnings report before the market opens on Monday, January 1.
According to Zacks, analysts expect Tri Pointe Homes to report annual earnings of $4.98 per share for the current year, with EPS estimates ranging from $4.73 to $5.26. For next year, analysts expect the company to post earnings of $5.91 per share, with EPS estimates ranging from $5.04 to $6.78. Zacks’ EPS calculations are an average average based on a survey of sell-side research firms that cover Tri Pointe homes.
Tri Pointe Homes (NYSE:TPH – Get Rating) last released its results on Thursday, February 17. The construction company reported earnings per share of $1.33 for the quarter, beating the consensus estimate of $1.21 by $0.12. The company posted revenue of $1.20 billion for the quarter, compared to analysts’ estimates of $1.18 billion. Tri Pointe Homes had a return on equity of 20.14% and a net margin of 11.80%. The company’s quarterly revenue increased 14.9% year over year. In the same quarter last year, the company achieved EPS of $0.92.
TPH has been the subject of several analyst reports. Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a target price of $27.00 for the company in a Wednesday, Feb. 2 research note. StockNews.com upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating in a report released Wednesday. Finally, B. Riley cut his price target on Tri Pointe Homes from $28.00 to $26.00 and set a “buy” rating on the stock in a Wednesday, April 6 report. Three equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat.com, the stock has an average buy rating and consensus price target of $25.25.
A number of hedge funds and other institutional investors have recently changed their positions in the company. Signaturefd LLC increased its holdings of Tri Pointe Homes stock by 63.4% during Q3. Signaturefd LLC now owns 1,183 shares of the construction company valued at $25,000 after purchasing an additional 459 shares in the last quarter. Waterfront Wealth Inc. increased its position in Tri Pointe Homes by 1.5% in the 4th quarter. Waterfront Wealth Inc. now owns 44,995 shares of the construction company worth $1,255,000 after purchasing an additional 680 shares during the period. Ironwood Investment Management LLC increased its position in Tri Pointe Homes by 2.7% in the fourth quarter. Ironwood Investment Management LLC now owns 27,454 shares of the construction company worth $766,000 after purchasing an additional 723 shares during the period. Exchange Traded Concepts LLC increased its position in Tri Pointe Homes by 4.5% in Q4. Exchange Traded Concepts LLC now owns 21,936 shares of the construction company worth $612,000 after purchasing an additional 944 shares during the period. Finally, Mercer Global Advisors Inc. ADV increased its position in Tri Pointe Homes by 5.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,653 shares of the construction company worth $548,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors hold 97.92% of the company’s shares.
TPH was down $0.13 during Monday’s trading, hitting $19.92. 1,079,369 shares were traded, against an average volume of 1,321,148. The company’s 50-day moving average price is $21.53 and its two-hundred-day moving average price is $23.74. The company has a debt ratio of 0.55, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $2.14 billion, a price-earnings ratio of 4.87 and a beta of 1.51. Tri Pointe Homes has a 1 year minimum of $18.50 and a 1 year maximum of $28.28.
Company Profile Tri Pointe Homes (Get an evaluation)
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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