NVR, Inc. (NYSE:NVR) Set to Announce Quarterly Earnings on Wednesday
NVR, Inc. (NYSE:NVR) is scheduled to be releasing its earnings data before the market opens on Wednesday, July 19th. Analysts expect NVR to post earnings of $28.89 per share for the quarter.
NVR (NYSE:NVR) last issued its quarterly earnings results on Thursday, April 20th. The construction company reported $25.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $21.03 by $4.09. NVR had a return on equity of 34.48% and a net margin of 7.90%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $15.79 earnings per share. The company’s revenue was up 11.6% on a year-over-year basis. On average, analysts expect NVR to post $129.86 EPS for the current fiscal year and $153.56 EPS for the next fiscal year.
Shares of NVR, Inc. (NYSE:NVR) opened at 2530.80 on Monday. NVR, Inc. has a 52 week low of $1,478.04 and a 52 week high of $2,541.46. The stock’s 50 day moving average price is $2,355.52 and its 200-day moving average price is $2,031.19. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 22.39 and a beta of 0.66.
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In other news, insider Jeffrey D. Martchek sold 1,000 shares of the stock in a transaction dated 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 owns 5,323 shares in the company, valued at approximately $12,521,559.05. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Eddie Arthur Grier sold 325 shares of the stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total value of $742,153.75. Following the completion of the transaction, the director now owns 500 shares in the company, valued at approximately $1,141,775. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,257 shares of company stock worth $39,023,767. Company insiders own 11.30% of the company’s stock.
A number of research analysts have recently commented on NVR shares. Zacks Investment Research downgraded NVR from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 29th. Zelman & Associates downgraded NVR from a “buy” rating to a “hold” rating in a report on Friday, May 26th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Tuesday, June 6th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $2,690.00 price objective (up previously from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. NVR presently has an average rating of “Buy” and an average price target of $2,708.00.
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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