TRI Pointe Group, Inc. (NYSE:TPH) is set to issue its quarterly earnings data before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.20 per share for the quarter.
TRI Pointe Group (NYSE:TPH) last announced its quarterly earnings results on Wednesday, April 26th. The construction company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $392 million during the quarter, compared to analyst estimates of $364.07 million. TRI Pointe Group had a net margin of 7.38% and a return on equity of 9.60%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. On average, analysts expect TRI Pointe Group to post $1.30 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
TRI Pointe Group, Inc. (NYSE:TPH) opened at 13.66 on Wednesday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 12.61 and a beta of 1.65. TRI Pointe Group, Inc. has a one year low of $10.35 and a one year high of $14.20. The firm has a 50 day moving average of $12.84 and a 200-day moving average of $12.46.
TPH has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $16.00 price objective on shares of TRI Pointe Group in a research note on Sunday, April 2nd. Zacks Investment Research lowered shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 26th. ValuEngine lowered shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of TRI Pointe Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Barclays PLC lowered shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.38.
About TRI Pointe Group
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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