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 brokerages have recently weighed in on TPH. Zacks Investment Research downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. ValuEngine downgraded TRI Pointe Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 9th. Zelman & Associates downgraded TRI Pointe Group from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. Royal Bank of Canada began coverage on TRI Pointe Group in a research report on Wednesday, June 27th. They issued a “sector perform” rating for the company. Finally, Wedbush reaffirmed an “outperform” rating on shares of TRI Pointe Group in a research report on Friday, July 20th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.77.

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.

Featured Article: How to Invest in Growth Stocks

Get a free copy of the Zacks research report on TRI Pointe Group (TPH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for TRI Pointe Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TRI Pointe Group and related companies with MarketBeat.com's FREE daily email newsletter.