Tri Pointe Homes (NYSE:TPH) Issues Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Tri Pointe Homes (NYSE:TPH) issued its quarterly earnings data on Thursday. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16, Briefing.com reports. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 earnings per share.

Tri Pointe Homes Trading Down 1.8 %

Shares of NYSE TPH traded down $0.77 during mid-day trading on Thursday, reaching $41.74. The company had a trading volume of 225,483 shares, compared to its average volume of 898,456. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59. Tri Pointe Homes has a 52 week low of $24.18 and a 52 week high of $47.78. The business’s 50-day moving average is $44.01 and its 200-day moving average is $40.81. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research report on Friday, July 26th. Zelman & Associates raised shares of Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 target price on the stock in a research note on Tuesday, September 17th. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday. Oppenheimer upped their price target on shares of Tri Pointe Homes from $54.00 to $56.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their price objective on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes currently has a consensus rating of “Moderate Buy” and an average target price of $47.25.

Insider Buying and Selling

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.28, for a total value of $221,400.00. Following the transaction, the general counsel now directly owns 85,792 shares in the company, valued at $3,798,869.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Glenn J. Keeler sold 24,200 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the sale, the chief financial officer now directly owns 149,108 shares of the company’s stock, valued at $6,882,825.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the transaction, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

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.