NVR (NVR) Announces Quarterly Earnings Results
NVR (NYSE:NVR) released its quarterly earnings results on Monday. The construction company reported $47.64 earnings per share for the quarter, topping the consensus estimate of $34.45 by $13.19, Briefing.com reports. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.48 billion. NVR had a return on equity of 48.57% and a net margin of 11.38%. NVR’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $39.34 earnings per share.
Shares of NVR opened at $3,271.95 on Tuesday. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 16.80, a P/E/G ratio of 1.74 and a beta of 0.67. NVR has a 12 month low of $2,040.71 and a 12 month high of $3,282.80. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.95 and a current ratio of 3.96.
In other NVR news, Director Dwight C. Schar sold 5,401 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $2,669.50, for a total transaction of $14,417,969.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eddie Arthur Grier sold 650 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $2,684.66, for a total value of $1,745,029.00. Following the transaction, the director now owns 825 shares in the company, valued at approximately $2,214,844.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,211 shares of company stock worth $66,653,412. 11.10% of the stock is currently owned by insiders.
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NVR, Inc operates as a homebuilder in the United States. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.
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