NVR (NVR) Posts Quarterly Earnings Results, Misses Expectations By $4.74 EPS
NVR (NYSE:NVR) announced its earnings results on Monday. The company reported $5.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $9.90 by $4.74, American Banking News reports. The company had revenue of $811.30 million for the quarter, compared to the consensus estimate of $859.93 million. During the same quarter in the prior year, the company posted $6.84 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis.
NVR (NYSE:NVR) opened at 1116.62 on Monday. NVR has a 52 week low of $830.00 and a 52 week high of $1220.95. The stock’s 50-day moving average is $1163. and its 200-day moving average is $1047.. The company has a market cap of $4.994 billion and a price-to-earnings ratio of 20.37.
A number of analysts have recently weighed in on NVR shares. Analysts at Sterne Agee downgraded shares of NVR from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd. They now have a $1,150.00 price target on the stock. They noted that the move was a valuation call. Analysts at Susquehanna downgraded shares of NVR from a “positive” rating to a “neutral” rating in a research note on Tuesday, January 28th. They now have a $1,150.00 price target on the stock, up previously from $1,100.00. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1,028.54.
NVR, Inc (NYSE:NVR) is a homebuilder in the United States.
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