Tri Pointe Homes (NYSE:TPH) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

Tri Pointe Homes (NYSE:TPH) announced its earnings results on Thursday. The construction company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.07 by $0.11, Briefing.com reports. Tri Pointe Homes had a net margin of 10.41% and a return on equity of 14.83%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue for the quarter was up 34.9% on a year-over-year basis.

Tri Pointe Homes Stock Down 1.1 %

Tri Pointe Homes stock opened at $40.28 on Monday. Tri Pointe Homes has a 1-year low of $24.18 and a 1-year high of $47.78. The firm has a 50 day simple moving average of $43.98 and a 200 day simple moving average of $40.89. 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 firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.66 and a beta of 1.59.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday. Zelman & Associates raised Tri Pointe Homes from an “underperform” rating to a “neutral” rating and set a $43.00 price target for the company in a research report on Tuesday, September 17th. Evercore ISI upgraded Tri Pointe Homes to a “strong-buy” rating in a research note on Friday, July 26th. Oppenheimer lowered their target price on Tri Pointe Homes from $56.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Wedbush restated a “neutral” rating and set a $42.00 price target on shares of Tri Pointe Homes in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.75.

Insider Activity

In related 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 transaction of $221,400.00. Following the sale, the general counsel now owns 85,792 shares of the company’s stock, valued at approximately $3,798,869.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by company insiders.

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.