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

Equities analysts predict that Tri Pointe Homes, Inc. (NYSE:TPH – Get Rating) will announce sales of $962.36 million for the current quarter, Zacks reports. Two analysts have issued estimates for Tri Pointe Homes’ earnings, with estimates ranging from $935.00 million to $989.72 million. Tri Pointe Homes reported sales of $1.02 billion during the same quarter last year, which indicates a negative year over year growth rate of 5.7%. The company is scheduled to report its next 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 fiscal year, analysts anticipate that the firm will post sales of $5.05 billion, with estimates ranging from $4.66 billion to $5.45 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Tri Pointe Homes.

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

Several research firms recently commented on TPH. StockNews.com cut Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Saturday, April 30th. B. Riley lowered their target price on Tri Pointe Homes from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, April 6th. Finally, Zacks Investment Research upgraded Tri Pointe Homes from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, April 27th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $24.67.

Shares of Tri Pointe Homes stock opened at $19.54 on Wednesday. Tri Pointe Homes has a twelve month low of $18.50 and a twelve month high of $28.28. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 4.53 and a beta of 1.39. The business’s 50 day simple moving average is $20.55 and its 200-day simple moving average is $23.29.

Several hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in shares of Tri Pointe Homes during the 1st quarter valued at $1,096,000. Point72 Hong Kong Ltd bought a new stake in shares of Tri Pointe Homes during the 1st quarter worth $45,000. Quantbot Technologies LP bought a new stake in shares of Tri Pointe Homes during the 1st quarter worth $948,000. Dean Capital Management boosted its stake in shares of Tri Pointe Homes by 31.9% during the 1st quarter. Dean Capital Management now owns 154,509 shares of the construction company’s stock worth $3,103,000 after acquiring an additional 37,343 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Tri Pointe Homes by 46.0% during the 1st quarter. Guggenheim Capital LLC now owns 53,094 shares of the construction company’s stock worth $1,066,000 after acquiring an additional 16,717 shares in the last quarter. Institutional investors own 98.98% of the company’s stock.

Tri Pointe Homes Company Profile (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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