Tri Pointe Homes (TPH) Scheduled to Post Quarterly Earnings on Thursday

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

Tri Pointe Homes (NYSE:TPH) last announced its earnings results on Tuesday, February 20th. The construction company reported $1.36 EPS 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 analysts’ expectations of $1.20 billion. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The company’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period in the previous 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

Shares of Tri Pointe Homes stock opened at $34.50 on Thursday. The firm’s fifty day simple moving average is $35.68 and its 200-day simple moving average is $32.52. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.75 and a beta of 1.54. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $39.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.11 and a quick ratio of 2.11.

Analysts Set New Price Targets

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

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total value of $1,814,992.26. Following the transaction, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at approximately $27,666,824.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tri Pointe Homes

Institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new stake in shares of Tri Pointe Homes during the 2nd quarter worth $45,000. Point72 Hong Kong Ltd purchased a new stake in shares of Tri Pointe Homes during the 1st quarter worth $45,000. Captrust Financial Advisors boosted its position in shares of Tri Pointe Homes by 30.4% during the 1st quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock worth $46,000 after purchasing an additional 531 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of Tri Pointe Homes by 42.3% during the 1st quarter. Belpointe Asset Management LLC now owns 5,976 shares of the construction company’s stock worth $151,000 after purchasing an additional 1,777 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in shares of Tri Pointe Homes during the 4th quarter worth $216,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Tri Pointe Homes Company Profile

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.