TRI Pointe Group (TPH) Receives $18.57 Consensus Price Target from Brokerages

Four analysts have issued estimates for TRI Pointe Group's earnings, with the highest sales estimate coming in at $556.00 million and the lowest estimate coming in at $549.60 million. 71% are bullish. 9 are the (NYSE:TPH)'s analyst reports since October 26, 2017 according to StockzIntelligence Inc. The business is scheduled to announce its next earnings results before the market opens on Wednesday, April 25th. The company's stock had a trading volume of 170,591 shares. Zacks' EPS calculations are a mean average based on a survey of sell-side research firms that follow TRI Pointe Group.

TRI Pointe Group (NYSE:TPH) last released its quarterly earnings results on Tuesday, February 20th. Analysts expect change of 380.00 % or $0.19 from previous year's $0.05 earnings per share compared to current's $0.24 earnings per share. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.11 billion.

TRI Pointe Group, Inc., through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the United States. The firm's quarterly revenue was up 45.7% compared to the same quarter a year ago. During the same quarter previous year, the company earned $0.36 earnings per share.

A number of research firms have weighed in on TPH. Zacks Investment Research cut shares of TRI Pointe Group from a "buy" rating to a "hold" rating and set a $20.00 target price on the stock.in a research report on Friday, January 5th. Barclays raised shares of TRI Pointe Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $17.00 to $21.00 in a research report on Friday, January 5th.

Mcclain Value Management Llc holds 4.86% of its portfolio in TRI Pointe Group, Inc. for 205,151 shares. Nwq Inv Mngmt Company Ltd holds 1.24% of its capital in TRI Pointe Group, Inc. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. TRI Pointe Group presently has a consensus rating of "Buy" and an average price target of $18.88. If the current earnings per share of $0.24 is accurate, TPH's profit could be $36.34M. TPH has 1.53M shares volume. TRI Pointe Group has a 52 week low of $12.01 and a 52 week high of $19.55. The company has a market capitalization of $2,484.41, a P/E ratio of 11.41, a price-to-earnings-growth ratio of 0.83 and a beta of 1.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.01 and a current ratio of 1.01.

TRI Pointe Group declared that its board has authorized a share repurchase plan on Tuesday, February 20th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued. On Thursday, January 4 the stock of TRI Pointe Group, Inc. They issued a "sell" rating and a $10.00 price objective on the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. BAUER DOUGLAS F. had sold 42,294 shs worth $741,837 on Monday, October 30. The stock's average target of $14.67 is -12.63% below today's ($16.79) share price.

Other hedge funds have also recently made changes to their positions in the company. Zeke Capital Advisors LLC acquired a new stake in shares of TRI Pointe Group in the 4th quarter valued at approximately $201,000. Jefferies Group LLC acquired a new position in TRI Pointe Group in the fourth quarter valued at about $237,000. The correct version of this news story can be viewed at https://registrarjournal.com/2018/04/15/13955-shares-in-tri-pointe-group-tph-acquired-by-xact-kapitalforvaltning-ab.html. Guggenheim Capital LLC grew its holdings in shares of TRI Pointe Group by 293.6% in the 4th quarter.

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TRI Pointe Group, Inc., through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the United States. The Company's homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.