TRI Pointe Group (NYSE:TPH) posted its quarterly earnings results on Tuesday. The construction company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.06, Bloomberg Earnings reports. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The business’s revenue was up 45.7% compared to the same quarter last year. During the same period last year, the company earned $0.36 earnings per share.
TRI Pointe Group (NYSE TPH) traded down $0.04 on Tuesday, hitting $17.71. The stock had a trading volume of 268,106 shares, compared to its average volume of 1,995,725. TRI Pointe Group has a 52 week low of $11.74 and a 52 week high of $19.55. The firm has a market capitalization of $2,670.18, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.91 and a beta of 1.57. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.43 and a current ratio of 0.43.
In other news, insider Thomas J. Mitchell sold 150,822 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $18.83, for a total value of $2,839,978.26. Following the completion of the sale, the insider now directly owns 274,312 shares of the company’s stock, valued at $5,165,294.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas F. Bauer sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $18.04, for a total value of $1,353,000.00. Following the completion of the sale, the chief executive officer now directly owns 289,313 shares of the company’s stock, valued at $5,219,206.52. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research upgraded TRI Pointe Group from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Saturday, January 6th. Barclays upgraded TRI Pointe Group from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $17.00 to $21.00 in a research note on Friday, January 5th. Wedbush raised their price target on TRI Pointe Group from $19.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, December 29th. ValuEngine upgraded TRI Pointe Group from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, B. Riley restated a “buy” rating on shares of TRI Pointe Group in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. TRI Pointe Group has an average rating of “Buy” and an average target price of $18.22.
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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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