TRI Pointe Group Inc (TPH) Expected to Announce Quarterly Sales of $472.13 Million

Equities analysts expect TRI Pointe Group Inc (NYSE:TPH) to post sales of $472.13 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for TRI Pointe Group’s earnings. The lowest sales estimate is $460.60 million and the highest is $490.11 million. TRI Pointe Group posted sales of $583.39 million during the same quarter last year, which suggests a negative year over year growth rate of 19.1%. The firm is expected to report its next earnings results before the market opens on Thursday, April 25th.

According to Zacks, analysts expect that TRI Pointe Group will report full-year sales of $2.96 billion for the current year, with estimates ranging from $2.90 billion to $3.02 billion. For the next fiscal year, analysts forecast that the firm will post sales of $3.20 billion, with estimates ranging from $3.07 billion to $3.25 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.12 billion. TRI Pointe Group had a return on equity of 14.15% and a net margin of 8.28%. TRI Pointe Group’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share.

Several research analysts have recently weighed in on TPH shares. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. TheStreet raised TRI Pointe Group from a “c+” rating to a “b-” rating in a research report on Monday, February 4th. Wedbush reaffirmed a “neutral” rating and set a $11.00 price objective on shares of TRI Pointe Group in a research report on Wednesday, February 27th. JMP Securities upped their price objective on TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 27th. Finally, Evercore ISI cut TRI Pointe Group from an “in-line” rating to an “underperform” rating in a research report on Thursday, February 28th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $15.78.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in TRI Pointe Group during the first quarter worth about $33,000. Truvestments Capital LLC bought a new stake in TRI Pointe Group during the first quarter worth about $109,000. Dupont Capital Management Corp bought a new stake in TRI Pointe Group during the fourth quarter worth about $98,000. Cerebellum GP LLC bought a new stake in TRI Pointe Group during the fourth quarter worth about $113,000. Finally, Two Sigma Securities LLC bought a new stake in TRI Pointe Group during the fourth quarter worth about $119,000.

TPH stock opened at $14.23 on Monday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.69. The stock has a market cap of $2.02 billion, a PE ratio of 7.49, a PEG ratio of 1.10 and a beta of 1.36. TRI Pointe Group has a fifty-two week low of $10.37 and a fifty-two week high of $18.48.

TRI Pointe Group Company Profile

TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of 6 brands across 10 states, 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 Colorado; and Winchester Homes in Maryland and Virginia.

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

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