Zacks: Analysts Anticipate TRI Pointe Group, Inc. (TPH) Will Post Earnings of $0.19 Per Share

Equities research analysts forecast that TRI Pointe Group, Inc. (NYSE:TPH) will report earnings per share (EPS) of $0.19 for the current quarter, according to Zacks. Four analysts have provided estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.20. TRI Pointe Group posted earnings of $0.46 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 58.7%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, July 26th.

On average, analysts expect that TRI Pointe Group will report full year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.21 to $1.31. For the next year, analysts expect that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.37 to $1.50. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The firm had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.

TPH has been the subject of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $16.00 price objective on shares of TRI Pointe Group in a report on Sunday, April 2nd. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BidaskClub downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. ValuEngine downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Barclays PLC downgraded TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price target for the company. in a report on Tuesday. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.38.

Hedge funds have recently made changes to their positions in the stock. Amalgamated Bank increased its stake in shares of TRI Pointe Group by 0.5% in the first quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after buying an additional 101 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of TRI Pointe Group by 0.3% in the fourth quarter. New York State Teachers Retirement System now owns 70,800 shares of the construction company’s stock valued at $813,000 after buying an additional 200 shares in the last quarter. Howard Hughes Medical Institute increased its stake in shares of TRI Pointe Group by 1.7% in the first quarter. Howard Hughes Medical Institute now owns 15,208 shares of the construction company’s stock valued at $191,000 after buying an additional 261 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of TRI Pointe Group by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,670 shares of the construction company’s stock valued at $635,000 after buying an additional 700 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its stake in shares of TRI Pointe Group by 9.8% in the first quarter. 1st Global Advisors Inc. now owns 11,008 shares of the construction company’s stock valued at $138,000 after buying an additional 984 shares in the last quarter. Institutional investors own 98.68% of the company’s stock.

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Shares of TRI Pointe Group (NYSE TPH) traded down 0.15% during midday trading on Wednesday, hitting $13.38. The stock had a trading volume of 1,490,201 shares. The stock has a market cap of $2.12 billion, a P/E ratio of 12.35 and a beta of 1.66. TRI Pointe Group has a 12-month low of $10.35 and a 12-month high of $14.20. The stock has a 50-day moving average price of $12.57 and a 200-day moving average price of $12.34.

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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