Analysts Expect TRI Pointe Group Inc (TPH) Will Announce Quarterly Sales of $472.13 Million

Wall Street brokerages expect TRI Pointe Group Inc (NYSE:TPH) to report $472.13 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for TRI Pointe Group’s earnings. The highest sales estimate is $490.11 million and the lowest is $460.60 million. TRI Pointe Group reported sales of $583.39 million in the same quarter last year, which would suggest a negative year over year growth rate of 19.1%. The business is scheduled to announce its next earnings report before the market opens on Thursday, April 25th.

On average, 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 anticipate that the firm will post sales of $3.20 billion, with estimates ranging from $3.07 billion to $3.25 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last announced its earnings results on Tuesday, February 26th. The construction company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.05. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. TRI Pointe Group had a return on equity of 14.15% and a net margin of 8.28%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS.

TPH has been the topic of a number of research reports. Zacks Investment Research raised shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. TheStreet raised shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a report on Monday, February 4th. Evercore ISI cut shares of TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Thursday, February 28th. Wedbush reaffirmed a “neutral” rating and issued a $11.00 price target on shares of TRI Pointe Group in a report on Wednesday, February 27th. Finally, JMP Securities lifted their price target on shares of TRI Pointe Group from $14.00 to $15.00 and gave the stock a “market outperform” rating in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.56.

Shares of NYSE:TPH traded up $0.53 during mid-day trading on Friday, reaching $13.41. The company had a trading volume of 1,061,349 shares, compared to its average volume of 1,549,262. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.83 billion, a PE ratio of 7.06, a price-to-earnings-growth ratio of 0.98 and a beta of 1.36. TRI Pointe Group has a one year low of $10.37 and a one year high of $18.48.

A number of hedge funds have recently modified their holdings of TPH. Norges Bank bought a new stake in TRI Pointe Group during the 4th quarter valued at $17,789,000. JPMorgan Chase & Co. raised its holdings in TRI Pointe Group by 38.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,358,355 shares of the construction company’s stock valued at $41,643,000 after acquiring an additional 936,226 shares during the period. Deutsche Bank AG raised its holdings in TRI Pointe Group by 147.1% during the 3rd quarter. Deutsche Bank AG now owns 1,229,882 shares of the construction company’s stock valued at $15,249,000 after acquiring an additional 732,157 shares during the period. LSV Asset Management raised its holdings in TRI Pointe Group by 119.6% during the 4th quarter. LSV Asset Management now owns 1,254,400 shares of the construction company’s stock valued at $13,710,000 after acquiring an additional 683,100 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its holdings in TRI Pointe Group by 928.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 618,889 shares of the construction company’s stock valued at $57,000 after acquiring an additional 558,711 shares during the period.

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 six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California 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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