$1.09 Billion in Sales Expected for TRI Pointe Group, Inc. (TPH) This Quarter

Brokerages predict that TRI Pointe Group, Inc. (NYSE:TPH) will announce $1.09 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for TRI Pointe Group’s earnings, with the lowest sales estimate coming in at $1.06 billion and the highest estimate coming in at $1.12 billion. TRI Pointe Group reported sales of $773.30 million during the same quarter last year, which indicates a positive year over year growth rate of 41%. The firm is expected to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that TRI Pointe Group will report full-year sales of $1.09 billion for the current fiscal year, with estimates ranging from $2.74 billion to $2.82 billion. For the next year, analysts expect that the business will report sales of $3.23 billion per share, with estimates ranging from $3.08 billion to $3.68 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Wednesday, October 25th. The construction company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.03. TRI Pointe Group had a net margin of 6.97% and a return on equity of 9.32%. The company had revenue of $717.40 million for the quarter, compared to analyst estimates of $706.65 million. During the same quarter last year, the firm posted $0.22 earnings per share. The company’s quarterly revenue was up 24.0% compared to the same quarter last year.

A number of equities analysts have recently commented on TPH shares. Barclays set a $17.00 price target on shares of TRI Pointe Group and gave the company a “hold” rating in a research report on Thursday, October 26th. ValuEngine raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. JMP Securities lifted their price target on shares of TRI Pointe Group from $16.00 to $18.00 and gave the company a “market outperform” rating in a research report on Thursday, October 26th. B. Riley reaffirmed a “buy” rating on shares of TRI Pointe Group in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $17.00.

In other TRI Pointe Group news, VP Bradley William Blank sold 14,725 shares of TRI Pointe Group stock in a transaction on Monday, November 6th. The shares were sold at an average price of $17.54, for a total transaction of $258,276.50. Following the sale, the vice president now owns 49,070 shares in the company, valued at $860,687.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael D. Grubbs sold 300,000 shares of TRI Pointe Group stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $15.02, for a total transaction of $4,506,000.00. Following the sale, the chief financial officer now owns 163,828 shares in the company, valued at approximately $2,460,696.56. The disclosure for this sale can be found here. Insiders have sold 913,459 shares of company stock worth $15,111,927 in the last ninety days. 2.20% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Mercantile Trust Co. boosted its stake in TRI Pointe Group by 3.4% during the second quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock worth $249,000 after buying an additional 625 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in TRI Pointe Group by 0.8% during the second quarter. UBS Asset Management Americas Inc. now owns 86,501 shares of the construction company’s stock worth $1,141,000 after buying an additional 704 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in TRI Pointe Group by 6.0% during the second quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock worth $168,000 after buying an additional 725 shares in the last quarter. Alliancebernstein L.P. boosted its stake in TRI Pointe Group by 0.4% during the second quarter. Alliancebernstein L.P. now owns 216,508 shares of the construction company’s stock worth $2,856,000 after buying an additional 788 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in TRI Pointe Group by 0.8% during the second quarter. Texas Permanent School Fund now owns 116,128 shares of the construction company’s stock worth $1,532,000 after buying an additional 916 shares in the last quarter.

TRI Pointe Group (NYSE:TPH) opened at $17.40 on Thursday. TRI Pointe Group has a 52-week low of $11.31 and a 52-week high of $18.44. The company has a market cap of $2,620.53, a P/E ratio of 15.84, a PEG ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.43.

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TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

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Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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