Tri Pointe Homes (NYSE:TPH) Announces Quarterly Earnings Results

Tri Pointe Homes (NYSE:TPH) announced its quarterly earnings results on Thursday. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34, Briefing.com reports. The firm had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.

Tri Pointe Homes Trading Up 2.6 %

Tri Pointe Homes stock traded up $0.94 during trading hours on Friday, reaching $37.76. 385,536 shares of the company’s stock traded hands, compared to its average volume of 1,056,465. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. Tri Pointe Homes has a fifty-two week low of $24.18 and a fifty-two week high of $39.08. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.76 and a beta of 1.54. The firm’s 50 day moving average is $35.73 and its 200-day moving average is $32.86.

Insider Buying and Selling at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TPH. Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a report on Thursday. Royal Bank of Canada upped their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $41.00 target price (up previously from $36.00) on shares of Tri Pointe Homes in a report on Wednesday, February 21st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

About Tri Pointe Homes

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.