Tri Pointe Homes Inc. (NYSE:TPH) price on Friday, August 06, fall -0.76% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $23.56.
A look at the stock’s price movement, the close in the last trading session was $23.74, moving within a range at $23.495 and $24.0625. The beta value (5-Year monthly) was 1.49 while the PE ratio in trailing twelve months stood at 7.55. Turning to its 52-week performance, $26.35 and $16.14 were the 52-week high and 52-week low respectively. Overall, TPH moved 15.21% over the past month.
Tri Pointe Homes Inc.’s market cap currently stands at around $2.67 billion, with investors looking forward to this quarter’s earnings report slated for Oct 20, 2021 – Oct 25, 2021. Analysts project the company’s earnings per share (EPS) to be $0.82, which has seen fiscal year 2021 EPS growth forecast to increase to $3.29 and about $3.6 for fiscal year 2022. Per the data, EPS growth is expected to be 51.60% for 2021 and 9.40% for the next financial year.
Analysts have a consensus estimate of $983.75 million for the company’s revenue for the quarter, with a low and high estimate of $922.4 million and $1.02 billion respectively. The average forecast suggests up to a 28.10% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $3.89 billion, representing a 19.80% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that TPH is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend TPH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TPH’s current price about 7.45% and 6.54% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.38, while 7-day volatility ratio is 2.87% and 3.47% in the 30-day chart. Further, Tri Pointe Homes Inc. (TPH) has a beta value of 1.49, and an average true range (ATR) of 0.78. Analysts have given the company’s stock an average 52-week price target of $29.71, forecast between a low of $22.00 and high of $38.00. Looking at the price targets, the low is 6.62% off current price level while to achieve the yearly target high, price needs to move -61.29%. Nonetheless, investors will most likely welcome a -27.33% jump to $30.00 which is the analysts’ median price.
In the market, a comparison of Tri Pointe Homes Inc. (TPH) and its peers suggest the former has performed considerably weaker. Data shows TPH’s intraday price has changed -0.76% in last session and 38.59% over the past year. Comparatively, M/I Homes Inc. (MHO) has moved -1.51% on the day and only 49.25% in the past 12 months. Looking at another peer, we see that D.R. Horton Inc. (DHI) price has dipped -1.70% on the day. However, the stock is 40.05% off its price a year ago. Moreover, LGI Homes Inc. (LGIH) is also up 0.13% in trading on the day while keeping a an uptrend of 40.44% over the past year. If we look at the PE ratio, we find that Tri Pointe Homes Inc.’s ratio stands at 7.55 compared to M/I Homes Inc.’s 5.31 and D.R. Horton Inc.’s 9.49. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on Tri Pointe Homes Inc. (NYSE:TPH), historical trading data shows that trading volumes averaged 1.35 million over the past 10 days and 1.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 116.82 million shares.
The 0.70% of Tri Pointe Homes Inc.’s shares are in the hands of company insiders. Also important is the data on short interest which shows that short shares stood at 4.99 million on Jul 14, 2021, giving us a short ratio of 3.74. The data shows that as of Jul 14, 2021 short interest in Tri Pointe Homes Inc. (TPH) stood at 4.38% of shares outstanding, with shares short falling to 6.04 million registered in Jun 14, 2021. Current price change has pushed the stock 36.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TPH stock continues to rise going into the next quarter.