Tri Pointe Homes (NYSE:TPH) Issues Earnings Results

Tri Pointe Homes (NYSE:TPH) 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

TPH has been the topic of several recent analyst reports. Oppenheimer boosted their target price on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wedbush restated a “neutral” rating and set a $35.00 price target on shares of Tri Pointe Homes in a report on Thursday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Tri Pointe Homes has a consensus rating of “Moderate Buy” and an average target price of $40.60.

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.