Wall Street analysts expect TRI Pointe Group Inc (NYSE:TPH) to report earnings of $0.02 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for TRI Pointe Group’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.01. TRI Pointe Group posted earnings of $0.28 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 92.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that TRI Pointe Group will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.40. For the next year, analysts anticipate that the company will post earnings of $1.58 per share, with EPS estimates ranging from $1.34 to $1.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.05. TRI Pointe Group had a return on equity of 14.15% and a net margin of 8.28%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the business earned $0.70 earnings per share. The business’s revenue was down .2% on a year-over-year basis.

A number of equities research analysts have weighed in on TPH shares. Zacks Investment Research downgraded TRI Pointe Group from a “hold” rating to a “strong sell” rating in a report on Saturday, March 2nd. TheStreet raised TRI Pointe Group from a “c+” rating to a “b-” rating in a report on Monday, February 4th. Evercore ISI downgraded TRI Pointe Group from an “in-line” rating to an “underperform” rating in a report on Thursday, February 28th. JMP Securities lifted their price objective 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 reaffirmed a “neutral” rating and set a $11.00 price objective on shares of TRI Pointe Group in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $16.56.

TPH stock traded down $0.20 during trading on Thursday, reaching $13.02. 65,051 shares of the stock were exchanged, compared to its average volume of 1,430,929. TRI Pointe Group has a twelve month low of $10.37 and a twelve month high of $18.48. The company has a market cap of $1.88 billion, a PE ratio of 6.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.37. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.69.

Institutional investors have recently modified their holdings of the business. First Trust Advisors LP boosted its holdings in TRI Pointe Group by 7.6% during the third quarter. First Trust Advisors LP now owns 180,344 shares of the construction company’s stock worth $2,236,000 after purchasing an additional 12,763 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of TRI Pointe Group by 89.4% in the 3rd quarter. SG Americas Securities LLC now owns 114,643 shares of the construction company’s stock valued at $1,422,000 after buying an additional 54,117 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of TRI Pointe Group by 4.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,840,300 shares of the construction company’s stock valued at $35,221,000 after buying an additional 120,053 shares during the period. American International Group Inc. boosted its stake in shares of TRI Pointe Group by 1.3% in the 3rd quarter. American International Group Inc. now owns 406,761 shares of the construction company’s stock valued at $5,044,000 after buying an additional 5,181 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of TRI Pointe Group by 21.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 465,500 shares of the construction company’s stock valued at $5,772,000 after buying an additional 82,100 shares during the period.

TRI Pointe Group Company Profile

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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