Tri Pointe Homes Inc (TPH) released its first quarter results on Friday, April 23, 2021. The company reported net earnings of $0.59 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 150 percent compared to the same period a year ago.
Tri Pointe Homes, Inc. was founded in 2009 and is headquartered in Irvine, California. Tri Pointe Homes, Inc. engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six brands, including Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland, Virginia, and the District of Columbia.
Tri Pointe Homes' revenue increased 6 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins increased to 25.07% for the first quarter compared to the same period in the previous year, and operating margins increased to 12.74% over the same period. Net earnings for past trailing twelve months were $321.13 million, up 34% from the prior year.
Moving on to the balance sheet, Tri Pointe Homes’s cash levels dropped 6% for the third quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 52.39% this past year. The current ratio for Tri Pointe Homes now stands at 7.23. The company decreased shares outstanding by 8.76%.
Shares of TPH are currently trading around $22.74. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 8.91 and price to book ratio of 1.22.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Saturday, April 24, 2021.