TRI Pointe Group Inc (NYSE:TPH) – Stock analysts at B. Riley raised their Q4 2019 EPS estimates for shares of TRI Pointe Group in a report issued on Tuesday, October 15th. B. Riley analyst A. Rygiel now forecasts that the construction company will earn $0.73 per share for the quarter, up from their previous estimate of $0.64. B. Riley currently has a “Buy” rating and a $18.00 price target on the stock.

Several other brokerages also recently weighed in on TPH. Royal Bank of Canada upgraded TRI Pointe Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $15.00 to $17.00 in a research note on Tuesday, October 15th. ValuEngine downgraded TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Friday. Finally, TheStreet upgraded TRI Pointe Group from a “c+” rating to a “b” rating in a research note on Wednesday, September 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $15.33.

Shares of TPH stock opened at $16.05 on Friday. TRI Pointe Group has a 1-year low of $10.37 and a 1-year high of $16.09. The stock’s fifty day moving average price is $14.60 and its 200 day moving average price is $13.47. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.15 and a beta of 1.14.

TRI Pointe Group (NYSE:TPH) last announced its earnings results on Thursday, July 25th. The construction company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. TRI Pointe Group had a return on equity of 9.96% and a net margin of 6.12%. The firm had revenue of $692.10 million for the quarter, compared to the consensus estimate of $635.33 million. During the same period in the previous year, the business earned $0.42 EPS. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC purchased a new stake in TRI Pointe Group during the 2nd quarter valued at about $31,000. NumerixS Investment Technologies Inc grew its stake in TRI Pointe Group by 53.8% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,000 shares of the construction company’s stock valued at $48,000 after purchasing an additional 1,400 shares during the last quarter. Signaturefd LLC grew its stake in TRI Pointe Group by 16.9% during the 3rd quarter. Signaturefd LLC now owns 4,617 shares of the construction company’s stock valued at $69,000 after purchasing an additional 667 shares during the last quarter. Dupont Capital Management Corp lifted its holdings in shares of TRI Pointe Group by 107.1% in the 2nd quarter. Dupont Capital Management Corp now owns 8,700 shares of the construction company’s stock valued at $104,000 after buying an additional 4,500 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of TRI Pointe Group by 12.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,581 shares of the construction company’s stock valued at $115,000 after buying an additional 1,023 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 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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