Tri Pointe Homes (NYSE:TPH) Posts Earnings Results, Beats Estimates By $0.16 EPS

Tri Pointe Homes (NYSE:TPH) announced its quarterly earnings data on Thursday. The construction company reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16, Briefing.com reports. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.07 billion. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm’s revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 EPS.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $46.12 on Friday. The company has a market cap of $4.38 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 0.78 and a beta of 1.59. Tri Pointe Homes has a 52 week low of $24.18 and a 52 week high of $47.78. The business has a 50 day moving average price of $39.15 and a 200-day moving average price of $37.13. The company has a quick ratio of 1.99, a current ratio of 1.29 and a debt-to-equity ratio of 0.30.

Insider Transactions at Tri Pointe Homes

In other news, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total value of $2,250,235.26. Following the completion of the sale, the chief executive officer now directly owns 677,816 shares of the company’s stock, valued at $26,963,520.48. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Tri Pointe Homes from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Friday. StockNews.com raised Tri Pointe Homes from a “hold” rating to a “buy” rating in a research note on Friday, April 26th. Wedbush reaffirmed a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research note on Thursday. Finally, Oppenheimer upped their price target on Tri Pointe Homes from $46.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

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.