Tri Pointe Homes (NYSE:TPH) Releases Quarterly Earnings Results, Beats Estimates By $0.34 EPS

Tri Pointe Homes (NYSE:TPH) released its quarterly earnings results on Thursday. The construction company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.34, Briefing.com reports. The company had revenue of $918.40 million during the quarter, compared to analysts’ expectations of $867.77 million. Tri Pointe Homes had a net margin of 9.62% and a return on equity of 12.39%. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s quarterly revenue was up 19.5% compared to the same quarter last year.

Tri Pointe Homes Stock Performance

NYSE TPH opened at $37.87 on Friday. The company has a current ratio of 1.99, a quick ratio of 2.11 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average price is $35.79 and its two-hundred day moving average price is $32.94. The firm has a market capitalization of $3.61 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 0.77 and a beta of 1.54. Tri Pointe Homes has a 1 year low of $24.18 and a 1 year high of $39.08.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TPH shares. Oppenheimer upped their price objective on Tri Pointe Homes from $41.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank of Canada raised their target price on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com upgraded shares of Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Wedbush restated a “neutral” rating and issued a $35.00 price objective on shares of Tri Pointe Homes in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.