TRI Pointe Group (TPH) Given Daily Media Sentiment Score of 0.47
News coverage about TRI Pointe Group (NYSE:TPH) has trended positive recently, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. TRI Pointe Group earned a media sentiment score of 0.47 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 45.9681582586277 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of TRI Pointe Group (TPH) traded down 0.14% during midday trading on Tuesday, reaching $14.69. The company’s stock had a trading volume of 229,960 shares. TRI Pointe Group has a 12 month low of $10.35 and a 12 month high of $14.75. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 17.45 and a beta of 1.68. The company has a 50-day moving average price of $13.35 and a 200-day moving average price of $12.99.
TRI Pointe Group (NYSE:TPH) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.01. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The company had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same period in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. Equities analysts expect that TRI Pointe Group will post $1.34 earnings per share for the current year.
TRI Pointe Group announced that its board has initiated a stock buyback plan on Wednesday, July 26th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently commented on TPH shares. ValuEngine raised TRI Pointe Group from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut TRI Pointe Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Citigroup Inc. cut TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 target price for the company. in a research report on Thursday, July 27th. Finally, Barclays PLC cut TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research report on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $14.13.
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TRI Pointe Group Company Profile
TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.
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