Stock Monitor: Century Communities Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want access to our free earnings report on TRI Pointe Group, Inc. (NYSE: TPH) ("TRI Pointe"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TPH. The Company reported its first quarter fiscal 2018 operating and financial results on April 25, 2018. The home builder outperformed top- and bottom-line expectations. Additionally, the Company provided guidance for the upcoming quarter and fiscal year. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Century Communities, Inc. (NYSE: CCS), which also belongs to the Industrial Goods sector as the Company TRI Pointe Group. Do not miss out and become a member today for free to access this upcoming report at:

www.active-investors.com/registration-sg/?symbol=CCS

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TRI Pointe Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=TPH

Earnings Highlights and Summary

For the first quarter of the fiscal year 2018, TRI Pointe's total revenues gained 48% to $583.4 million compared to $393.2 million in Q1 2017. The Company's revenue numbers beat analysts' estimates of $551.7 million.

During Q1 2018, TRI Pointe's home sales revenues surged 49% to $582.6 million compared to $392.0 million in Q1 2017. The increase was primarily attributable to a growth in new home deliveries of 22% to 924; and a gain in the average sales price of homes delivered of 22% to $630,000 compared to $517,000 in the year ago same period.

TRI Pointe's homebuilding gross margin increased to 22.7% in Q1 2018 compared to 18.8% in Q1 2017. Excluding interest and impairments and lot option abandonments in cost of home sales, the Company's adjusted homebuilding gross margin was 25.2% in the reported quarter versus 21.3% in the prior year's comparable quarter. The increase in homebuilding gross margin was largely due to the mix of homes delivered, primarily in California.

For Q1 2018, TRI Pointe's selling, general, and administrative expenses (SG&A) fell to 12.9% of home sales revenues compared to 15.7% in Q1 2017, primarily due to an increased leverage as a result of a 49% increase in home sales revenues.

TRI Pointe's net income available to common stockholders was $42.9 million, or $0.28 per diluted share, in Q1 2018 compared to $8.2 million, or $0.05 per diluted share, in Q1 2017. The Company's earnings beat Wall Street's estimates of $0.24 per share.

Operating Results

For Q1 2018, TRI Pointe's new home orders increased 15% to 1,496 homes compared to 1,299 homes in Q1 2017. The Company's average selling communities increased 3% to 129.8 in the reported quarter compared to 125.5 in the year ago corresponding period. TRI Pointe's overall absorption rate per average selling community increased 11% to 11.5 orders (3.8 monthly) in Q1 2018 compared to 10.4 orders (3.5 monthly) in Q1 2017.

TRI Pointe ended Q1 2018 with 2,143 homes in backlog, representing approximately $1.4 billion. The average sales price of homes in backlog increased $73,000, or 12%, to $658,000 as of March 31, 2018, compared to $585,000 as of March 31, 2017.

Outlook

For Q2 2018, TRI Pointe is forecasting to open 16 new communities, and close 19, resulting in 128 active selling communities as of June 30, 2018. In addition, the Company anticipates delivering 50% to 55% of its 2,143 units in backlog as of March 31, 2018, at an average sales price in the range of $620,000 to $630,000.

For Q2 2018, TRI Pointe is projecting homebuilding gross margin to be in the band of 21.0% to 21.5%. Additionally, the Company expects its SG&A as a percentage of home sales revenues to be in the range of 11.5% to 12.0% for the upcoming quarter.

For the full fiscal year 2018, TRI Pointe reiterated its original guidance of growing average selling communities by 5% compared to 2017, and delivering between 5,100 and 5,400 homes at an average sales price of approximately $610,000. The Company is updating its homebuilding gross margin to be in the band of 21.0% to 21.5% for FY18, raising the low-end of its earlier range of 20.5% to 21.5%.

Stock Performance Snapshot

May 15, 2018 - At Tuesday's closing bell, TRI Pointe Group's stock fell 6.07%, ending the trading session at $15.95.

Volume traded for the day: 1.56 million shares, which was above the 3-month average volume of 1.54 million shares.

Stock performance in the past twelve-month period ? up 26.29%

After yesterday's close, TRI Pointe Group's market cap was at $2.41 billion.

Price to Earnings (P/E) ratio was at 10.00.

The stock is part of the Industrial Goods sector, categorized under the Residential Construction industry.

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