Tri Pointe Homes (NYSE:TPH – Get Free Report) issued its quarterly earnings results on Thursday. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34, Briefing.com reports. The company had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a return on equity of 11.75% and a net margin of 9.37%. The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share.
Tri Pointe Homes Stock Up 3.0 %
Shares of NYSE TPH traded up $1.10 during mid-day trading on Friday, reaching $37.92. The company had a trading volume of 739,201 shares, compared to its average volume of 1,059,321. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. The company has a market capitalization of $3.62 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 0.76 and a beta of 1.54. The stock has a fifty day moving average of $35.73 and a two-hundred day moving average of $32.86. Tri Pointe Homes has a 12-month low of $24.18 and a 12-month high of $39.08.
Insider Buying and Selling at Tri Pointe Homes
In related news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the completion of the sale, the chief operating officer now directly owns 785,543 shares in the company, valued at $27,666,824.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on TPH
Tri Pointe Homes Company Profile
Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.
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