B. Riley Comments on Tri Pointe Homes, Inc.’s Q3 2022 Earnings (NYSE:TPH)

Tri Pointe Homes, Inc. (NYSE:TPHGet Rating) – Equities research analysts at B. Riley upped their Q3 2022 EPS estimates for Tri Pointe Homes in a research report issued on Friday, April 22nd. B. Riley analyst A. Rygiel now expects that the construction company will post earnings per share of $1.51 for the quarter, up from their previous forecast of $1.41. B. Riley currently has a “Buy” rating and a $26.00 price target on the stock.

A number of other brokerages have also issued reports on TPH. Zacks Investment Research lowered shares of Tri Pointe Homes from a “buy” rating to a “sell” rating in a research report on Thursday. StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Tri Pointe Homes has a consensus rating of “Hold” and a consensus price target of $26.00.

Shares of Tri Pointe Homes stock opened at $19.38 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 1.45. The company has a market capitalization of $2.08 billion, a PE ratio of 4.50 and a beta of 1.51. Tri Pointe Homes has a 1-year low of $18.50 and a 1-year high of $28.28. The business’s 50-day moving average price is $21.29.

Tri Pointe Homes (NYSE:TPHGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The construction company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.20. The firm had revenue of $725.30 million for the quarter, compared to analysts’ expectations of $667.41 million. Tri Pointe Homes had a net margin of 12.19% and a return on equity of 20.48%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 earnings per share.

A number of hedge funds and other institutional investors have recently made changes to their positions in TPH. Signaturefd LLC raised its holdings in Tri Pointe Homes by 63.4% in the third quarter. Signaturefd LLC now owns 1,183 shares of the construction company’s stock worth $25,000 after purchasing an additional 459 shares during the period. First Quadrant LLC CA acquired a new stake in Tri Pointe Homes in the first quarter worth $31,000. Wealth Quarterback LLC raised its holdings in Tri Pointe Homes by 65.5% in the third quarter. Wealth Quarterback LLC now owns 2,886 shares of the construction company’s stock worth $37,000 after purchasing an additional 1,142 shares during the period. James Investment Research Inc. acquired a new stake in Tri Pointe Homes in the fourth quarter worth $43,000. Finally, Neo Ivy Capital Management acquired a new stake in Tri Pointe Homes in the fourth quarter worth $118,000. Institutional investors and hedge funds own 97.92% of the company’s stock.

About Tri Pointe Homes (Get Rating)

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 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, Virginia, and the District of Columbia.

Further Reading

Earnings History and Estimates for Tri Pointe Homes (NYSE:TPH)

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