Tri Pointe Homes, Inc. (NYSE:TPH) Expected to Post Quarterly Sales of $962.36 Million

Equities analysts expect Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) to report $962.36 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tri Pointe Homes’ earnings, with the lowest sales estimate coming in at $935.00 million and the highest estimate coming in at $989.72 million. Tri Pointe Homes reported sales of $1.02 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.7%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Tri Pointe Homes will report full year sales of $4.43 billion for the current financial year, with estimates ranging from $4.37 billion to $4.49 billion. For the next year, analysts expect that the business will report sales of $5.05 billion, with estimates ranging from $4.66 billion to $5.45 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Tri Pointe Homes.

Tri Pointe Homes (NYSE:TPH – Get Rating) last released its earnings results on Thursday, April 21st. The construction company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.20. Tri Pointe Homes had a return on equity of 20.48% and a net margin of 12.19%. The business had revenue of $725.30 million for the quarter, compared to the consensus estimate of $667.41 million. During the same quarter last year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on the company. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, April 27th. Finally, B. Riley dropped their price objective on Tri Pointe Homes from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, April 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.67.

TPH stock opened at $21.16 on Wednesday. The stock’s fifty day simple moving average is $21.06. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $2.19 billion, a PE ratio of 4.91 and a beta of 1.39. Tri Pointe Homes has a 52-week low of $18.50 and a 52-week high of $28.28.

Large investors have recently added to or reduced their stakes in the stock. First Quadrant LLC CA purchased a new position in Tri Pointe Homes in the first quarter valued at $31,000. Wealth Quarterback LLC boosted 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 valued at $37,000 after purchasing an additional 1,142 shares during the period. Signaturefd LLC boosted its holdings in Tri Pointe Homes by 77.7% in the first quarter. Signaturefd LLC now owns 1,928 shares of the construction company’s stock valued at $39,000 after purchasing an additional 843 shares during the period. James Investment Research Inc. purchased a new stake in Tri Pointe Homes during the 4th quarter worth about $43,000. Finally, Neo Ivy Capital Management purchased a new stake in Tri Pointe Homes during the 4th quarter worth about $118,000. Hedge funds and other institutional investors own 98.98% 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.

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