NVR, Inc. (NVR) to Release Earnings on Wednesday
NVR, Inc. (NYSE:NVR) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, July 19th. Analysts expect the company to announce earnings of $28.89 per share for the quarter.
NVR (NYSE:NVR) last posted its earnings results on Thursday, April 20th. The construction company reported $25.12 EPS for the quarter, beating analysts’ consensus estimates of $21.03 by $4.09. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.32 billion. NVR had a return on equity of 34.48% and a net margin of 7.90%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $15.79 EPS. On average, analysts expect NVR to post $129.86 EPS for the current fiscal year and $153.56 EPS for the next fiscal year.
NVR, Inc. (NYSE NVR) opened at 2536.79 on Tuesday. NVR, Inc. has a 52-week low of $1,478.04 and a 52-week high of $2,544.50. The stock’s 50 day moving average price is $2,355.52 and its 200-day moving average price is $2,031.19. The company has a market capitalization of $9.51 billion, a P/E ratio of 22.44 and a beta of 0.65.
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In other NVR news, Director David A. Preiser sold 1,302 shares of the business’s stock in a transaction on Tuesday, April 25th. The stock was sold at an average price of $2,070.07, for a total transaction of $2,695,231.14. Following the transaction, the director now owns 1,573 shares of the company’s stock, valued at $3,256,220.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey D. Martchek sold 1,000 shares of the business’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $2,352.35, for a total value of $2,352,350.00. Following the transaction, the insider now directly owns 5,323 shares in the company, valued at approximately $12,521,559.05. The disclosure for this sale can be found here. Insiders have sold 18,257 shares of company stock worth $39,023,767 in the last three months. 11.30% of the stock is currently owned by corporate insiders.
NVR has been the subject of several research reports. Bank of America Corporation reiterated a “buy” rating and set a $2,690.00 price target (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $2,726.00 price target for the company in a research report on Wednesday, June 28th. Zelman & Associates cut NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NVR presently has a consensus rating of “Buy” and an average price target of $2,708.00.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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