Positive Press Coverage Somewhat Unlikely to Affect TRI Pointe Group (TPH) Share Price

News articles about TRI Pointe Group (NYSE:TPH) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TRI Pointe Group earned a coverage optimism score of 0.46 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8855322009469 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

TRI Pointe Group (NYSE TPH) traded up 0.38% during midday trading on Friday, hitting $13.06. 985,858 shares of the stock were exchanged. The company’s 50 day moving average is $13.13 and its 200-day moving average is $12.83. The stock has a market cap of $1.98 billion, a PE ratio of 15.51 and a beta of 1.66. TRI Pointe Group has a 1-year low of $10.35 and a 1-year high of $14.21.

TRI Pointe Group (NYSE:TPH) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.01. The firm had revenue of $568.80 million for the quarter, compared to analyst estimates of $563.72 million. TRI Pointe Group had a return on equity of 7.32% and a net margin of 5.77%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.46 earnings per share. On average, analysts expect that TRI Pointe Group will post $1.34 earnings per share for the current year.

TRI Pointe Group declared that its board has authorized a share buyback program on Wednesday, July 26th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

A number of research analysts have recently commented on the stock. Citigroup Inc. downgraded shares of TRI Pointe Group from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research report on Thursday, July 27th. BidaskClub downgraded shares of TRI Pointe Group from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research raised shares of TRI Pointe Group from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, July 19th. TheStreet raised shares of TRI Pointe Group from a “c” rating to a “b-” rating in a report on Monday, July 10th. Finally, Barclays PLC cut shares of TRI Pointe Group from an “overweight” rating to an “equal weight” rating and set a $14.00 target price for the company. in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.13.

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TRI Pointe Group Company Profile

TRI Pointe Group, Inc is a homebuilder company. The Company’s operations are organized in two principal businesses, including homebuilding and financial services. Its homebuilding operation consists of six segments: Maracay Homes, including operations in Arizona; Pardee Homes, consisting of operations in California and Nevada; Quadrant Homes, consisting of operations in Washington; Trendmaker Homes, consisting of operations in Texas; TRI Pointe Homes, consisting of operations in California and Colorado, and Winchester Homes, consisting of operations in Maryland and Virginia.

Insider Buying and Selling by Quarter for TRI Pointe Group (NYSE:TPH)

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