Tri Pointe Homes (TPH) to Release Earnings on Tuesday

Tri Pointe Homes (NYSE:TPH - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of $1.30 per share and revenue of $1.22 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

Tri Pointe Homes Stock Up 0.5 %

TPH stock traded up $0.19 during trading on Friday, hitting $36.17. 586,421 shares of the company's stock traded hands, compared to its average volume of 671,917. The firm has a market capitalization of $3.39 billion, a P/E ratio of 7.50, a PEG ratio of 0.59 and a beta of 1.64. The business has a fifty day simple moving average of $37.09 and a two-hundred day simple moving average of $41.03. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 1 year low of $33.24 and a 1 year high of $47.78.

Tri Pointe Homes declared that its board has initiated a stock buyback program on Wednesday, December 18th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 7.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have issued reports on TPH. StockNews.com lowered shares of Tri Pointe Homes from a "buy" rating to a "hold" rating in a report on Tuesday, December 17th. Royal Bank of Canada cut their price target on shares of Tri Pointe Homes from $48.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Wedbush reissued a "neutral" rating and set a $42.00 price objective on shares of Tri Pointe Homes in a report on Thursday, October 24th. Finally, Oppenheimer dropped their price objective on shares of Tri Pointe Homes from $56.00 to $53.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Tri Pointe Homes has an average rating of "Moderate Buy" and a consensus price target of $45.75.

Insider Activity

In related news, COO Thomas J. Mitchell sold 77,384 shares of the business's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $39.15, for a total transaction of $3,029,583.60. Following the completion of the transaction, the chief operating officer now directly owns 708,159 shares in the company, valued at $27,724,424.85. The trade was a 9.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% 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.