Tri Pointe Homes (NYSE:TPH) Issues Quarterly Earnings Results

Tri Pointe Homes (NYSE:TPH) posted its quarterly earnings data on Thursday. The construction company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.34, Briefing.com reports. Tri Pointe Homes had a net margin of 9.37% and a return on equity of 11.75%. The company had revenue of $918.40 million during the quarter, compared to the consensus estimate of $867.77 million. During the same quarter in the prior year, the company posted $0.73 EPS. The company’s quarterly revenue was up 19.5% compared to the same quarter last year.

Tri Pointe Homes Stock Performance

NYSE:TPH traded up $1.10 during trading hours on Friday, reaching $37.92. 739,201 shares of the stock were exchanged, compared to its average volume of 1,059,321. The stock has a market capitalization of $3.62 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.76 and a beta of 1.54. The firm has a 50 day simple moving average of $35.73 and a 200-day simple moving average of $32.86. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.46. Tri Pointe Homes has a 52 week low of $24.18 and a 52 week high of $39.08.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank of Canada increased their price target on shares of Tri Pointe Homes from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday. Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Tri Pointe Homes in a research report on Thursday. Finally, Oppenheimer boosted their price target on Tri Pointe Homes from $41.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Tri Pointe Homes presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

Insider Activity

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 51,533 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 785,543 shares of the company’s stock, valued at $27,666,824.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

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.