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

Tri Pointe Homes (NYSE:TPH) is set to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce 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 issued its quarterly earnings results on Tuesday, February 20th. The construction company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.24. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $1.98 EPS. Tri Pointe Homes’s quarterly revenue was down 17.5% compared to the same quarter last year. 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 Trading Down 1.4 %

Shares of TPH stock opened at $34.50 on Thursday. The company has a 50 day moving average of $35.68 and a 200-day moving average of $32.52. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $39.08. The firm has a market cap of $3.29 billion, a P/E ratio of 10.00, a PEG ratio of 0.75 and a beta of 1.54.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TPH shares. Wedbush reiterated a “neutral” rating and issued a $32.00 price objective on shares of Tri Pointe Homes in a research note on Tuesday, February 20th. Oppenheimer reiterated an “outperform” rating and issued a $41.00 price objective (up from $36.00) on shares of Tri Pointe Homes in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada upgraded shares of Tri Pointe Homes from a “sector perform” rating to an “outperform” rating and set a $38.00 price objective for the company in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.20.

Insider Activity

In other 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 transaction of $1,814,992.26. Following the completion of the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.50% of the company’s stock.

Institutional Trading of Tri Pointe Homes

Several hedge funds have recently added to or reduced their stakes in the business. Vident Advisory LLC increased its position in shares of Tri Pointe Homes by 2.7% during the fourth quarter. Vident Advisory LLC now owns 12,384 shares of the construction company’s stock valued at $438,000 after buying an additional 329 shares during the period. Verition Fund Management LLC lifted its position in Tri Pointe Homes by 5.4% during the fourth quarter. Verition Fund Management LLC now owns 9,487 shares of the construction company’s stock valued at $336,000 after purchasing an additional 489 shares during the period. Captrust Financial Advisors lifted its position in Tri Pointe Homes by 30.4% during the first quarter. Captrust Financial Advisors now owns 2,275 shares of the construction company’s stock valued at $46,000 after purchasing an additional 531 shares during the period. MetLife Investment Management LLC raised its position in Tri Pointe Homes by 1.1% in the fourth quarter. MetLife Investment Management LLC now owns 53,539 shares of the construction company’s stock worth $995,000 after acquiring an additional 559 shares during the period. Finally, Federated Hermes Inc. raised its position in Tri Pointe Homes by 2.5% in the first quarter. Federated Hermes Inc. now owns 28,674 shares of the construction company’s stock worth $576,000 after acquiring an additional 698 shares during the period. 97.01% of the stock is owned by 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.