Tri Pointe Homes (NYSE:TPH) released its earnings results on Thursday. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.18, MarketWatch Earnings reports. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $991.04 million. Tri Pointe Homes had a net margin of 9.51% and a return on equity of 15.07%. Tri Pointe Homes’s revenue for the quarter was up 31.6% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS.
Shares of TPH traded up $0.64 during trading hours on Thursday, hitting $21.36. The stock had a trading volume of 79,168 shares, compared to its average volume of 1,360,298. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day moving average is $22.17. Tri Pointe Homes has a fifty-two week low of $15.66 and a fifty-two week high of $26.35. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 8.43 and a beta of 1.49.
A number of analysts recently commented on TPH shares. B. Riley lifted their target price on shares of Tri Pointe Homes from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, April 23rd. Wells Fargo & Company started coverage on shares of Tri Pointe Homes in a research note on Wednesday, April 21st. They issued an “equal weight” rating and a $23.00 target price for the company. Royal Bank of Canada cut shares of Tri Pointe Homes from a “sector perform” rating to an “underperform” rating and set a $22.00 target price for the company. in a research note on Thursday, July 8th. Finally, Zacks Investment Research upgraded shares of 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, July 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. Tri Pointe Homes currently has an average rating of “Buy” and an average target price of $25.00.
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, including 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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