NVR (NVR) Posts Quarterly Earnings Results, Beats Estimates By $2.41 EPS
NVR (NYSE:NVR) issued its quarterly earnings data on Monday. The company reported $17.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $15.26 by $2.41, American Banking News reports. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company posted $10.33 earnings per share. NVR’s revenue was up 36.6% compared to the same quarter last year.
Shares of NVR (NYSE:NVR) opened at 931.71 on Monday. NVR has a 52-week low of $830.00 and a 52-week high of $1100.00. The stock’s 50-day moving average is $905.8 and its 200-day moving average is $944.9. The company has a market cap of $4.317 billion and a P/E ratio of 23.74.
NVR has been the subject of a number of recent research reports. Analysts at Susquehanna upgraded shares of NVR from a “neutral” rating to a “positive” rating in a research note to investors on Friday, October 11th. They now have a $1,100.00 price target on the stock, up previously from $1,000.00. On a related note, analysts at Zacks downgraded shares of NVR from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, October 10th. They now have a $888.00 price target on the stock. Finally, analysts at Credit Suisse downgraded shares of NVR from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, September 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $1,004.50.
NVR, Inc (NYSE:NVR) is a homebuilder in the United States.
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