Tri Pointe Homes (NYSE:TPH) Posts Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Tri Pointe Homes (NYSE:TPH) announced its earnings results on Thursday. The construction company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.16, Briefing.com reports. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the prior year, the company posted $0.76 EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis.

Tri Pointe Homes Stock Performance

Shares of Tri Pointe Homes stock opened at $40.73 on Friday. The business has a 50-day moving average of $44.01 and a 200 day moving average of $40.81. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $47.78. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 0.70 and a beta of 1.59. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.29 and a quick ratio of 1.29.

Analysts Set New Price Targets

Several research firms recently commented on TPH. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective for the company in a research note on Tuesday, September 17th. Royal Bank of Canada increased their price objective on Tri Pointe Homes from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Evercore ISI raised Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer raised their target price on Tri Pointe Homes from $54.00 to $56.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.25.

Insider Activity at Tri Pointe Homes

In other Tri Pointe Homes news, General Counsel David Ch Lee sold 5,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at $3,798,869.76. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $46.16, for a total value of $1,117,072.00. Following the sale, the chief financial officer now directly owns 149,108 shares in the company, valued at $6,882,825.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel David Ch Lee sold 5,000 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $44.28, for a total value of $221,400.00. Following the sale, the general counsel now owns 85,792 shares in the company, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Tri Pointe Homes Company Profile

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.