Brokerages expect TRI Pointe Group Inc (NYSE:TPH) to report sales of $1.11 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for TRI Pointe Group’s earnings, with estimates ranging from $1.09 billion to $1.13 billion. TRI Pointe Group posted sales of $1.13 billion during the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that TRI Pointe Group will report full year sales of $3.24 billion for the current year, with estimates ranging from $3.22 billion to $3.26 billion. For the next year, analysts expect that the business will report sales of $3.19 billion, with estimates ranging from $3.00 billion to $3.30 billion. Zacks Investment Research’s sales averages 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 data on Wednesday, October 24th. The construction company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $771.80 million for the quarter, compared to analyst estimates of $768.01 million. TRI Pointe Group had a return on equity of 14.09% and a net margin of 7.51%. The company’s revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS.

Several equities analysts have recently weighed in on the company. ValuEngine raised TRI Pointe Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Wedbush downgraded TRI Pointe Group from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $13.00 in a report on Thursday, September 20th. Evercore ISI downgraded TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Monday, October 1st. Zacks Investment Research upgraded TRI Pointe Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, JMP Securities set a $16.00 target price on TRI Pointe Group and gave the company a “hold” rating in a report on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. TRI Pointe Group presently has a consensus rating of “Hold” and a consensus price target of $16.90.

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in TRI Pointe Group during the 3rd quarter worth approximately $209,000. Vanguard Group Inc. increased its holdings in TRI Pointe Group by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 13,513,331 shares of the construction company’s stock worth $167,564,000 after purchasing an additional 362,468 shares during the last quarter. Morgan Stanley increased its holdings in TRI Pointe Group by 0.7% during the 3rd quarter. Morgan Stanley now owns 736,837 shares of the construction company’s stock worth $9,136,000 after purchasing an additional 5,209 shares during the last quarter. AQR Capital Management LLC increased its holdings in TRI Pointe Group by 34.1% during the 3rd quarter. AQR Capital Management LLC now owns 190,045 shares of the construction company’s stock worth $2,357,000 after purchasing an additional 48,327 shares during the last quarter. Finally, MetLife Investment Advisors LLC increased its holdings in TRI Pointe Group by 21.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 196,739 shares of the construction company’s stock worth $2,440,000 after purchasing an additional 35,020 shares during the last quarter.

Shares of NYSE TPH traded down $0.23 during midday trading on Wednesday, hitting $12.16. The stock had a trading volume of 1,692,156 shares, compared to its average volume of 1,769,373. The firm has a market capitalization of $1.76 billion, a P/E ratio of 6.77, a P/E/G ratio of 0.70 and a beta of 1.27. TRI Pointe Group has a 1-year low of $10.55 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.34 and a quick ratio of 0.34.

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 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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