Wall Street analysts expect TRI Pointe Group Inc (NYSE:TPH) to report sales of $1.11 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TRI Pointe Group’s earnings, with estimates ranging from $1.10 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 company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, February 26th.

According to Zacks, analysts expect that TRI Pointe Group will report full-year sales of $3.25 billion for the current year, with estimates ranging from $3.23 billion to $3.26 billion. For the next year, analysts forecast that the firm will report sales of $3.18 billion, with estimates ranging from $3.00 billion to $3.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow TRI Pointe Group.

Several research firms have issued reports on TPH. Zacks Investment Research upgraded shares of TRI Pointe Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. TheStreet upgraded shares of TRI Pointe Group from a “c+” rating to a “b-” rating in a research report on Monday, February 4th. ValuEngine upgraded shares of TRI Pointe Group from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 6th. Wedbush set a $11.00 price target on shares of TRI Pointe Group and gave the stock a “hold” rating in a research report on Thursday, October 25th. Finally, JMP Securities set a $14.00 price target on shares of TRI Pointe Group and gave the stock a “buy” rating in a research report on Thursday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.44.

NYSE:TPH traded up $0.01 during midday trading on Wednesday, reaching $13.09. The stock had a trading volume of 1,662,832 shares, compared to its average volume of 1,678,491. TRI Pointe Group has a 1-year low of $10.37 and a 1-year high of $18.48. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $1.86 billion, a PE ratio of 9.22, a PEG ratio of 0.78 and a beta of 1.39.

A number of hedge funds and other institutional investors have recently bought and sold shares of TPH. California Public Employees Retirement System lifted its holdings in shares of TRI Pointe Group by 678.7% during the 2nd quarter. California Public Employees Retirement System now owns 226,803 shares of the construction company’s stock worth $3,710,000 after acquiring an additional 197,679 shares during the period. Jane Street Group LLC bought a new position in shares of TRI Pointe Group during the 2nd quarter worth about $185,000. Bank of New York Mellon Corp lifted its holdings in shares of TRI Pointe Group by 10.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,720,247 shares of the construction company’s stock worth $44,503,000 after acquiring an additional 257,461 shares during the period. First Hawaiian Bank bought a new position in shares of TRI Pointe Group during the 3rd quarter worth about $279,000. Finally, Aperio Group LLC lifted its holdings in shares of TRI Pointe Group by 5.4% during the 3rd quarter. Aperio Group LLC now owns 90,631 shares of the construction company’s stock worth $1,124,000 after acquiring an additional 4,669 shares during the period.

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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