TRI Pointe Group Inc (TPH) Releases Earnings Results, Beats Expectations By $0.03 EPS

TRI Pointe Group Inc (TPH) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.15. The company posted revenue of $424.00 million in the period, compared to analysts expectations of $408.60 million. The company’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.

Many Wall Street Analysts have commented on TRI Pointe Group Inc. TRI Pointe Group Inc was Initiated by Susquehanna to “Positive” on Mar 30, 2016. Shares were Reiterated by Deutsche Bank on Mar 18, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $18 .TRI Pointe Group Inc was Upgraded by JMP Securities to ” Mkt Outperform” on Feb 29, 2016.

TRI Pointe Group Inc opened for trading at $12.27 and hit $12.49 on the upside on Friday, eventually ending the session at $12.35, with a gain of 0.49% or 0.06 points. The heightened volatility saw the trading volume jump to 13,29,855 shares. Company has a market cap of $2,000 M.

In a different news, on Jul 2, 2015, Douglas F. Bauer (Chief Executive Officer) sold 80,000 shares at $15.20 per share price. According to the SEC, on Jul 2, 2015, Michael D. Grubbs (CFO and Treasurer) sold 45,000 shares at $15.22 per share price. On Jun 26, 2015, Thomas J. Mitchell (President, COO and Secretary) sold 25,000 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

TRI Pointe Group Inc. formerly Tri Pointe Homes Inc. is engaged in the design construction and sale of single-family homes. The Company’s operations are organized into six segments: Maracay consisting of operations in Arizona; Pardee consisting of operations in California and Nevada; Quadrant consisting of operations in Washington; Trendmaker consisting of operations in Texas; TRI Pointe consisting of operations in California and Colorado and Winchester consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.

TRI Pointe Group Inc

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