Wall Street analysts predict that TRI Pointe Group, Inc. (NYSE:TPH) will announce earnings of $0.64 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for TRI Pointe Group’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.67. TRI Pointe Group reported earnings of $0.36 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 77.8%. The business is expected to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that TRI Pointe Group will report full year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.34 to $1.39. For the next fiscal year, analysts anticipate that the business will report earnings of $1.57 per share, with EPS estimates ranging from $1.44 to $1.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings data on Wednesday, October 25th. The construction company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $717.40 million for the quarter, compared to analyst estimates of $706.65 million. TRI Pointe Group had a return on equity of 9.32% and a net margin of 6.97%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share.

Several equities analysts have issued reports on the company. FBR & Co reaffirmed a “buy” rating and set a $20.00 price objective on shares of TRI Pointe Group in a report on Thursday, October 26th. BTIG Research raised TRI Pointe Group from a “sell” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Thursday, October 26th. Citigroup Inc. lowered TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective on the stock. in a report on Thursday, July 27th. Zacks Investment Research raised TRI Pointe Group from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Tuesday, October 24th. Finally, Gabelli raised their price target on TRI Pointe Group from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.70.

Shares of TRI Pointe Group (TPH) traded up $0.21 during mid-day trading on Friday, hitting $17.14. The company’s stock had a trading volume of 2,500,473 shares, compared to its average volume of 3,125,229. The company has a market cap of $2,578.40, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.14 and a beta of 1.75. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.80.

TRI Pointe Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, July 26th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In other news, insider Thomas J. Mitchell sold 291,039 shares of TRI Pointe Group stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $17.04, for a total transaction of $4,959,304.56. Following the completion of the sale, the insider now directly owns 274,312 shares in the company, valued at approximately $4,674,276.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Glenn J. Keeler sold 15,401 shares of TRI Pointe Group stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $16.98, for a total transaction of $261,508.98. Following the sale, the vice president now owns 36,399 shares of the company’s stock, valued at $618,055.02. The disclosure for this sale can be found here. Insiders sold a total of 898,734 shares of company stock worth $14,853,650 in the last ninety days. 9.40% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Amalgamated Bank lifted its position in shares of TRI Pointe Group by 0.5% during the 1st quarter. Amalgamated Bank now owns 20,926 shares of the construction company’s stock valued at $262,000 after acquiring an additional 101 shares during the period. First Mercantile Trust Co. lifted its position in shares of TRI Pointe Group by 3.4% during the 2nd quarter. First Mercantile Trust Co. now owns 18,855 shares of the construction company’s stock valued at $249,000 after acquiring an additional 625 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of TRI Pointe Group by 1.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 42,022 shares of the construction company’s stock valued at $548,000 after acquiring an additional 650 shares during the period. UBS Asset Management Americas Inc. lifted its position in shares of TRI Pointe Group by 0.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 86,501 shares of the construction company’s stock valued at $1,141,000 after acquiring an additional 704 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of TRI Pointe Group by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,729 shares of the construction company’s stock valued at $168,000 after acquiring an additional 725 shares during the period.

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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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Earnings History and Estimates for TRI Pointe Group (NYSE:TPH)

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