Equities research analysts expect that NVR, Inc. (NYSE:NVR) will announce earnings of $28.63 per share for the current quarter, Zacks reports. Two analysts have issued estimates for NVR’s earnings. The lowest EPS estimate is $28.20 and the highest is $29.27. NVR posted earnings per share of $22.01 in the same quarter last year, which would suggest a positive year-over-year growth rate of 30.1%. The business is expected to issue its next earnings results on Thursday, July 20th.
According to Zacks, analysts expect that NVR will report full-year earnings of $129.34 per share for the current financial year, with EPS estimates ranging from $127.62 to $130.74. For the next year, analysts anticipate that the company will report earnings of $146.34 per share, with EPS estimates ranging from $139.58 to $157.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for NVR.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, April 20th. The construction company reported $25.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $21.03 by $4.09. NVR had a return on equity of 30.44% and a net margin of 8.04%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business earned $15.79 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis.
NVR has been the subject of several analyst reports. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Zelman & Associates lowered NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. Finally, Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2,187.00.
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In other NVR news, Director Susan Williamson Ross acquired 30 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was purchased at an average price of $2,253.43 per share, for a total transaction of $67,602.90. Following the acquisition, the director now owns 30 shares in the company, valued at approximately $67,602.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Manuel H. Johnson sold 1,302 shares of the stock in a transaction on Monday, April 24th. The shares were sold at an average price of $2,092.71, for a total value of $2,724,708.42. Following the sale, the director now owns 1,702 shares of the company’s stock, valued at approximately $3,561,792.42. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,257 shares of company stock valued at $39,023,767. Company insiders own 11.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Huntington National Bank raised its stake in shares of NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. Acrospire Investment Management LLC purchased a new position in shares of NVR during the first quarter worth about $124,000. Independent Advisor Alliance purchased a new position in shares of NVR during the fourth quarter worth about $126,000. PNC Financial Services Group Inc. raised its position in shares of NVR by 14.8% in the first quarter. PNC Financial Services Group Inc. now owns 70 shares of the construction company’s stock worth $148,000 after buying an additional 9 shares during the period. Finally, James Investment Research Inc. purchased a new position in shares of NVR during the first quarter worth about $158,000. Hedge funds and other institutional investors own 78.76% of the company’s stock.
NVR (NYSE NVR) traded up 0.17% on Wednesday, hitting $2444.68. The stock had a trading volume of 35,388 shares. The company has a 50-day moving average price of $2,279.95 and a 200 day moving average price of $1,977.00. NVR has a 52-week low of $1,478.04 and a 52-week high of $2,463.00. The firm has a market cap of $9.16 billion, a PE ratio of 21.63 and a beta of 0.67.
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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