Revenue Update on TRI Pointe Group Inc(NYSE:TPH)

TRI Pointe Group Inc(NYSE:TPH) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $773.295M. Analysts estimated a revenue of $796.690M. The revenues were -2.94% below the estimates. Earnings per share were $0.36. The reported EPS was below estimates by -2.7%. Analysts had estimated an EPS of $0.37.

In a different note, BTIG Research said it Initiates Coverage On TRI Pointe Group Inc, according to a research note issued on Feb 8, 2017. In the research note, the firm Announces the price-target to $10 per share. The shares have been rated ‘Sell’ by the firm.

TRI Pointe Group Inc (TPH) made into the market gainers list on Wednesdays trading session with the shares advancing 1.23% or 0.15 points. Due to strong positive momentum, the stock ended at $12.32, which is also near the day’s high of $12.53. The stock began the session at $12.13 and the volume stood at 37,46,859 shares. The 52-week high of the shares is $14.2 and the 52 week low is $9.58. The company has a current market capitalization of $1,972 M and it has 16,00,64,680 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 2, 2015, Douglas F. Bauer (Chief Executive Officer) sold 80,000 shares at $15.20 per share price.Also, 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.

Add Comment