Tri Pointe Homes (TPH) Expected to Announce Earnings on Tuesday

Tri Pointe Homes (NYSE:TPH) is projected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Tri Pointe Homes to post earnings of $1.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Tri Pointe Homes Stock Up 0.8 %

Shares of NYSE TPH opened at $35.64 on Tuesday. The firm’s 50-day moving average price is $37.64 and its 200-day moving average price is $41.25. 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 stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 7.39, a P/E/G ratio of 0.59 and a beta of 1.64. Tri Pointe Homes has a 12-month low of $33.24 and a 12-month high of $47.78.

Tri Pointe Homes announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 18th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 7.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

TPH has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Tri Pointe Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, December 17th. Oppenheimer reduced 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 research report on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Tri Pointe Homes from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Wedbush reissued a “neutral” rating and issued a $42.00 price objective on shares of Tri Pointe Homes in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.75.

Insiders Place Their Bets

In other Tri Pointe Homes news, COO Thomas J. Mitchell sold 77,384 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $39.15, for a total value of $3,029,583.60. Following the transaction, the chief operating officer now directly owns 708,159 shares in the company, valued at $27,724,424.85. This represents a 9.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.00% of the company’s stock.

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.