Brokerages Anticipate TRI Pointe Group Inc (TPH) Will Announce Quarterly Sales of $631.55 Million

Wall Street brokerages expect TRI Pointe Group Inc (NYSE:TPH) to post sales of $631.55 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the lowest sales estimate coming in at $619.88 million and the highest estimate coming in at $652.00 million. TRI Pointe Group reported sales of $770.91 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.1%. The company is expected to announce its next quarterly earnings report on Friday, July 26th.

On average, analysts expect that TRI Pointe Group will report full-year sales of $2.99 billion for the current financial year, with estimates ranging from $2.92 billion to $3.05 billion. For the next financial year, analysts anticipate that the company will post sales of $3.26 billion, with estimates ranging from $3.16 billion to $3.37 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. TRI Pointe Group had a return on equity of 11.87% and a net margin of 7.16%. The company had revenue of $492.70 million for the quarter, compared to analyst estimates of $467.11 million. During the same quarter in the prior year, the firm posted $0.28 EPS. TRI Pointe Group’s quarterly revenue was down 15.4% compared to the same quarter last year.

TPH has been the topic of several recent research reports. Zacks Investment Research lowered TRI Pointe Group from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. TheStreet upgraded TRI Pointe Group from a “c+” rating to a “b-” rating in a report on Monday, February 4th. Evercore ISI lowered TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Thursday, February 28th. JMP Securities increased their price target on TRI Pointe Group from $14.00 to $15.00 and gave the company a “market outperform” rating in a report on Wednesday, February 27th. Finally, Wedbush restated a “neutral” rating and set a $11.00 price target on shares of TRI Pointe Group in a report on Wednesday, February 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.38.

NYSE:TPH traded down $0.22 during midday trading on Wednesday, hitting $13.14. 1,248,464 shares of the company traded hands, compared to its average volume of 1,514,767. TRI Pointe Group has a 12-month low of $10.37 and a 12-month high of $18.48. The firm has a market capitalization of $1.87 billion, a PE ratio of 6.92, a PEG ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional investors have recently made changes to their positions in the business. Fort L.P. bought a new position in TRI Pointe Group in the 1st quarter valued at $31,000. NumerixS Investment Technologies Inc bought a new position in TRI Pointe Group in the 1st quarter valued at $34,000. State of Alaska Department of Revenue bought a new position in TRI Pointe Group in the 1st quarter valued at $33,000. Rockefeller Capital Management L.P. bought a new position in TRI Pointe Group in the 1st quarter valued at $38,000. Finally, Penserra Capital Management LLC bought a new position in TRI Pointe Group in the 1st quarter valued at $56,000.

About TRI Pointe Group

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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