Positive News Coverage Somewhat Unlikely to Affect TRI Pointe Group (NYSE:TPH) Share Price
News headlines about TRI Pointe Group (NYSE:TPH) have been trending positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. TRI Pointe Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 46.7175930853321 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s rankings:
- TRI Pointe Group (NYSE:TPH) to Repurchase $50.00 million in Shares (elcumanes.com)
- FY2019 Earnings Forecast for TRI Pointe Group, Inc. (TPH) Issued By Gabelli (campdesrecrues.com)
- Winchester Returns to Brambleton with Grand Opening of New Home Design (finance.yahoo.com)
Several analysts have recently issued reports on TPH shares. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub cut shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Citigroup Inc. cut shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Thursday, July 27th. TheStreet raised shares of TRI Pointe Group from a “c” rating to a “b-” rating in a research note on Monday, July 10th. Finally, Barclays PLC cut shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 price objective for the company. in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $14.13.
Shares of TRI Pointe Group (TPH) traded up 0.51% during mid-day trading on Friday, hitting $13.78. 1,565,871 shares of the stock traded hands. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 16.37 and a beta of 1.66. TRI Pointe Group has a 52 week low of $10.35 and a 52 week high of $14.21. The stock has a 50-day moving average of $13.49 and a 200-day moving average of $12.69.
TRI Pointe Group (NYSE:TPH) last released its earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. TRI Pointe Group had a net margin of 5.77% and a return on equity of 7.32%. The company had revenue of $568.80 million during the quarter, compared to the consensus estimate of $563.72 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue was up 2.1% compared to the same quarter last year. Analysts anticipate that TRI Pointe Group will post $1.35 EPS for the current year.
TRI Pointe Group declared that its Board of Directors has approved a stock buyback program on Wednesday, July 26th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
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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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