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 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, Virginia, and the District of Columbia. As of December 31, 2021, its operations consisted of 112 active selling communities and 41,675 owned or controlled lots. The company sells its homes through own sales representatives and independent real estate brokers. It also provides financial services, such as mortgage financing, title and escrow, and property and casualty insurance agency services. The company was formerly known as TRI Pointe Group, Inc. and changed its name to Tri Pointe Homes, Inc. in January 2021. Tri Pointe Homes, Inc. was founded in 2009 and is headquartered in Irvine, California.
Tri Pointe Homes Stock Up 1.5 %
TPH traded up $0.28 on Friday, hitting $18.96. The company had a trading volume of 637,146 shares, compared to its average volume of 1,519,005. The stock has a fifty day simple moving average of $18.21 and a 200-day simple moving average of $20.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The firm has a market capitalization of $1.93 billion, a P/E ratio of 4.09 and a beta of 1.43. Tri Pointe Homes has a 52-week low of $15.05 and a 52-week high of $28.28.
Tri Pointe Homes (NYSE:TPH - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The construction company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.21. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $998.10 million. Tri Pointe Homes had a return on equity of 20.80% and a net margin of 12.70%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. As a group, equities analysts expect that Tri Pointe Homes will post 4.65 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on TPH. B. Riley lowered shares of Tri Pointe Homes from a "buy" rating to a "neutral" rating and cut their price target for the stock from $26.00 to $20.00 in a report on Thursday, June 16th. Wells Fargo & Company dropped their price objective on Tri Pointe Homes from $22.00 to $19.00 and set an "equal weight" rating for the company in a report on Friday, June 17th. Finally, StockNews.com cut Tri Pointe Homes from a "buy" rating to a "hold" rating in a research note on Saturday, June 18th.