Tri Pointe Homes (TPH) to Release Earnings on Thursday

Tri Pointe Homes (NYSE:TPH - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.45 per share and revenue of $713.65 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Tri Pointe Homes (NYSE:TPH - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.07. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Tri Pointe Homes had a return on equity of 14.34% and a net margin of 10.36%. On average, analysts expect Tri Pointe Homes to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tri Pointe Homes Stock Performance

Shares of NYSE TPH traded up $0.44 during midday trading on Friday, reaching $29.50. The company had a trading volume of 1,153,626 shares, compared to its average volume of 871,539. The stock has a market cap of $2.71 billion, a P/E ratio of 6.11, a P/E/G ratio of 0.67 and a beta of 1.44. The company has a current ratio of 2.24, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. Tri Pointe Homes has a 1 year low of $27.90 and a 1 year high of $47.78. The business's 50-day simple moving average is $31.58 and its 200 day simple moving average is $37.07.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Seaport Res Ptn upgraded Tri Pointe Homes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 6th. Oppenheimer dropped their price target on shares of Tri Pointe Homes from $53.00 to $43.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 19th. Royal Bank of Canada downgraded shares of Tri Pointe Homes from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $41.00 to $37.00 in a research report on Wednesday, February 19th. Wedbush restated a "neutral" rating and set a $38.00 target price (down from $44.00) on shares of Tri Pointe Homes in a research report on Tuesday, February 18th. Finally, Evercore ISI reduced their price target on Tri Pointe Homes from $54.00 to $42.00 and set an "outperform" rating for the company in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.60.

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.