Equities Analysts Offer Predictions for TPH FY2024 Earnings

Tri Pointe Homes, Inc. (NYSE:TPH) – Stock analysts at Seaport Res Ptn lowered their FY2024 earnings per share estimates for Tri Pointe Homes in a research note issued to investors on Sunday, November 3rd. Seaport Res Ptn analyst K. Zener now expects that the construction company will post earnings per share of $4.69 for the year, down from their previous forecast of $4.75. The consensus estimate for Tri Pointe Homes’ current full-year earnings is $4.74 per share. Seaport Res Ptn also issued estimates for Tri Pointe Homes’ Q4 2024 earnings at $1.23 EPS and FY2025 earnings at $4.42 EPS.

A number of other brokerages have also recently weighed in on TPH. Wedbush reiterated a “neutral” rating and issued a $42.00 target price on shares of Tri Pointe Homes in a report on Thursday, October 24th. Oppenheimer reduced their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Zelman & Associates upgraded Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price objective on the stock in a research note on Tuesday, September 17th. Finally, Royal Bank of Canada reduced their price objective on Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Tri Pointe Homes currently has an average rating of “Moderate Buy” and an average price target of $45.75.

Tri Pointe Homes Price Performance

Shares of Tri Pointe Homes stock opened at $40.90 on Tuesday. Tri Pointe Homes has a twelve month low of $27.50 and a twelve month high of $47.78. The stock has a market capitalization of $3.83 billion, a P/E ratio of 8.49, a PEG ratio of 0.66 and a beta of 1.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The business’s fifty day moving average price is $43.61 and its 200 day moving average price is $41.12.

Tri Pointe Homes (NYSE:TPH) last issued its earnings results on Thursday, October 24th. The construction company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.11. Tri Pointe Homes had a return on equity of 14.83% and a net margin of 10.41%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter last year, the firm earned $0.76 earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year.

Institutional Trading of Tri Pointe Homes

Several hedge funds and other institutional investors have recently bought and sold shares of TPH. First Trust Direct Indexing L.P. bought a new stake in Tri Pointe Homes in the first quarter valued at about $200,000. BNP Paribas Financial Markets grew its holdings in shares of Tri Pointe Homes by 132.8% during the first quarter. BNP Paribas Financial Markets now owns 122,337 shares of the construction company’s stock valued at $4,730,000 after purchasing an additional 69,789 shares during the last quarter. Capstone Investment Advisors LLC grew its holdings in shares of Tri Pointe Homes by 10.9% during the first quarter. Capstone Investment Advisors LLC now owns 15,786 shares of the construction company’s stock valued at $610,000 after purchasing an additional 1,548 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of Tri Pointe Homes during the first quarter valued at approximately $25,000. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Tri Pointe Homes by 620.0% during the first quarter. Daiwa Securities Group Inc. now owns 7,200 shares of the construction company’s stock valued at $278,000 after purchasing an additional 6,200 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Tri Pointe Homes

In other news, General Counsel David Ch Lee sold 5,000 shares of Tri Pointe Homes stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $44.28, for a total transaction of $221,400.00. Following the sale, the general counsel now directly owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.50% of the company’s stock.

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.