TRI Pointe Group Inc (TPH) Expected to Announce Quarterly Sales of $721.73 Million

Brokerages expect that TRI Pointe Group Inc (NYSE:TPH) will report $721.73 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the lowest sales estimate coming in at $703.50 million and the highest estimate coming in at $768.00 million. TRI Pointe Group reported sales of $570.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 26.6%. The business is expected to announce its next earnings report on Wednesday, July 25th.

According to Zacks, analysts expect that TRI Pointe Group will report full-year sales of $3.29 billion for the current year, with estimates ranging from $3.17 billion to $3.56 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.68 billion per share, with estimates ranging from $3.52 billion to $4.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, April 25th. The construction company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.04. The firm had revenue of $586.20 million during the quarter, compared to analysts’ expectations of $552.11 million. TRI Pointe Group had a return on equity of 13.55% and a net margin of 7.40%. TRI Pointe Group’s revenue for the quarter was up 49.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 EPS.



Several research firms have recently issued reports on TPH. Zelman & Associates cut TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. ValuEngine downgraded TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 9th. Zacks Investment Research downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, May 4th. JMP Securities boosted their target price on TRI Pointe Group from $20.00 to $21.00 and gave the company a “market outperform” rating in a report on Friday, April 27th. Finally, Gabelli downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.00.

Shares of TRI Pointe Group traded up $0.04, hitting $16.89, on Wednesday, Marketbeat reports. 2,495,039 shares of the company’s stock were exchanged, compared to its average volume of 1,496,838. The stock has a market cap of $2.56 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.78 and a beta of 1.47. TRI Pointe Group has a 1-year low of $12.28 and a 1-year high of $19.55. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.93 and a current ratio of 0.93.

In other TRI Pointe Group news, CEO Douglas F. Bauer sold 5,600 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The stock was sold at an average price of $17.75, for a total transaction of $99,400.00. Following the completion of the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at approximately $2,990,502.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas F. Bauer sold 3,900 shares of the company’s stock in a transaction that occurred on Friday, May 25th. The shares were sold at an average price of $17.75, for a total value of $69,225.00. Following the sale, the chief executive officer now directly owns 168,479 shares of the company’s stock, valued at $2,990,502.25. The disclosure for this sale can be found here. Insiders sold a total of 249,868 shares of company stock valued at $4,410,665 over the last three months. Company insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asia Hong Kong Ltd raised its stake in shares of TRI Pointe Group by 1,809.4% during the 1st quarter. Point72 Asia Hong Kong Ltd now owns 7,141 shares of the construction company’s stock worth $117,000 after buying an additional 6,767 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TRI Pointe Group by 108.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,504 shares of the construction company’s stock worth $123,000 after buying an additional 3,909 shares in the last quarter. KCS Wealth Advisory purchased a new position in shares of TRI Pointe Group during the 1st quarter worth approximately $182,000. Zeke Capital Advisors LLC purchased a new position in shares of TRI Pointe Group during the 4th quarter worth approximately $201,000. Finally, LPL Financial LLC purchased a new position in shares of TRI Pointe Group during the 1st quarter worth approximately $209,000.

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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