Zacks: Brokerages Anticipate TRI Pointe Group Inc (TPH) to Post $0.39 EPS
Brokerages expect TRI Pointe Group Inc (NYSE:TPH) to announce $0.39 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for TRI Pointe Group’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.41. TRI Pointe Group reported earnings per share of $0.48 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.8%. The company is expected to issue its next earnings report on Wednesday, October 24th.
On average, analysts expect that TRI Pointe Group will report full-year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.83 to $1.85. For the next fiscal year, analysts anticipate that the business will report earnings of $2.02 per share, with EPS estimates ranging from $1.94 to $2.07. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow TRI Pointe Group.
TRI Pointe Group (NYSE:TPH) last posted its quarterly earnings results on Friday, July 27th. The construction company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. TRI Pointe Group had a return on equity of 14.73% and a net margin of 7.90%. The firm had revenue of $768.80 million during the quarter, compared to the consensus estimate of $728.61 million. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Investec Asset Management LTD acquired a new position in shares of TRI Pointe Group in the second quarter worth about $20,849,000. Point72 Asset Management L.P. lifted its stake in shares of TRI Pointe Group by 788.8% in the first quarter. Point72 Asset Management L.P. now owns 688,750 shares of the construction company’s stock worth $11,316,000 after acquiring an additional 788,750 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of TRI Pointe Group by 32.8% in the second quarter. Victory Capital Management Inc. now owns 2,447,957 shares of the construction company’s stock worth $40,048,000 after acquiring an additional 604,489 shares in the last quarter. Federated Investors Inc. PA lifted its stake in shares of TRI Pointe Group by 225.2% in the second quarter. Federated Investors Inc. PA now owns 742,623 shares of the construction company’s stock worth $12,149,000 after acquiring an additional 514,274 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of TRI Pointe Group by 18.1% in the second quarter. Glenmede Trust Co. NA now owns 2,996,502 shares of the construction company’s stock worth $49,022,000 after acquiring an additional 458,962 shares in the last quarter.
TPH stock traded down $0.03 during trading on Friday, reaching $14.38. 35,859 shares of the stock traded hands, compared to its average volume of 1,927,229. TRI Pointe Group has a 52-week low of $12.28 and a 52-week high of $19.55. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.72. The company has a market cap of $2.25 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 0.72 and a beta of 1.51.
TRI Pointe Group Company Profile
TRI Pointe Group, Inc engages in the design, construction, and sale of single-family detached and attached homes in the United States. It operates a portfolio of six brands across eight states, including Maracay Homes in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California and Colorado; and Winchester Homes in Maryland and Virginia.
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