TPH Stock Recent News

Tri Pointe (TPH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

The headline numbers for Tri Pointe (TPH) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Tri Pointe Homes (TPH) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.03 per share. This compares to earnings of $0.60 per share a year ago.

-Home Sales Revenue of $1.1 Billion-  -Homebuilding Gross Margin Percentage of 23.6%-  -Diluted Earnings Per Share of $1.25-  -Increased Dollar Value of Backlog to $2.0 Billion-  -Reduced Debt by $450 Million-  -Homebuilding Debt-to-Capital Ratio Reduced to Record Low of 22.9%-

Tri Pointe (TPH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

INCLINE VILLAGE, Nev., June 28, 2024 (GLOBE NEWSWIRE) -- Tri Pointe Homes, Inc. (NYSE: TPH) announced today that it will release its financial results for the second quarter of 2024 before the market opens on Thursday, July 25, 2024. The Company will host a conference call on the same day to discuss the results at 7:00 AM Pacific (10:00 AM Eastern). The call will be hosted by Doug Bauer, Chief Executive Officer, Tom Mitchell, Chief Operating Officer, Glenn Keeler, Chief Financial Officer, and Linda Mamet, Executive Vice President and Chief Marketing Officer.

Here is how Tri Pointe Homes (TPH) and Advanced Drainage Systems (WMS) have performed compared to their sector so far this year.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Tri Pointe Homes has shown impressive growth in the homebuilding market, with shares up 84.3% since June 2022. Despite some setbacks in 2023, the company has seen revenue and profitability increase in the first quarter of 2024. With a growing backlog and strong net new orders, Tri Pointe Homes remains a solid investment option in the housing market.

Together, Mamet and Menon will combine their expertise to advance Tri Pointe Homes' customer and business solutions as the company continues to grow its premium lifestyle brand across the country Together, Mamet and Menon will combine their expertise to advance Tri Pointe Homes' customer and business solutions as the company continues to grow its premium lifestyle brand across the country