FBR Capital Cuts Price Target on Tri Pointe Homes, Inc. (TPH) as Guide Comes in Below Consensus

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Go back to FBR Capital Cuts Price Target on Tri Pointe Homes, Inc. (TPH) as Guide Comes in Below Consensus

TRI Pointe Group, Inc. Reports 2015 Fourth Quarter and Full Year Results

February 26, 2016 6:30 AM EST

-Reports Net Income of $85.1 Million, or $0.52 per Diluted Share for the Quarter-

-New Home Orders up 5% and New Home Deliveries up 30% for the Quarter-

-Homebuilding Gross Margin increase to 22.2% for the Quarter-

-Selling, General and Administrative Expenses decrease to 8.4% of Home Sales Revenue for the Quarter-

IRVINE, Calif.--(BUSINESS WIRE)-- TRI Pointe Group, Inc. (NYSE: TPH) today announced results for the fourth quarter ended December 31, 2015 and full year 2015.

On July 7, 2014, TRI Pointe consummated... More