Tri Pointe Homes (NYSE:TPH – Get Free Report) announced its quarterly earnings results on Thursday. The construction company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.34, Briefing.com reports. The firm had revenue of $918.40 million for the quarter, compared to analyst estimates of $867.77 million. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.73 EPS.
Tri Pointe Homes Trading Up 2.6 %
Tri Pointe Homes stock traded up $0.94 during trading hours on Friday, reaching $37.76. 385,536 shares of the company’s stock traded hands, compared to its average volume of 1,056,465. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.11. Tri Pointe Homes has a fifty-two week low of $24.18 and a fifty-two week high of $39.08. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 0.76 and a beta of 1.54. The firm’s 50 day moving average is $35.73 and its 200-day moving average is $32.86.
Insider Buying and Selling at Tri Pointe Homes
In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $35.22, for a total transaction of $1,814,992.26. Following the transaction, the chief operating officer now directly owns 785,543 shares in the company, valued at approximately $27,666,824.46. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Tri Pointe Homes
About Tri Pointe Homes
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.
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