NVR, Inc. (NVR) Expected to Post Quarterly Sales of $1.66 Billion
Wall Street analysts forecast that NVR, Inc. (NYSE:NVR) will report sales of $1.66 billion for the current quarter, Zacks reports. Two analysts have made estimates for NVR’s earnings, with estimates ranging from $1.65 billion to $1.67 billion. NVR posted sales of $1.51 billion during the same quarter last year, which would indicate a positive year over year growth rate of 9.9%. The company is scheduled to issue its next earnings report on Thursday, October 19th.
According to Zacks, analysts expect that NVR will report full-year sales of $1.66 billion for the current year, with estimates ranging from $6.23 billion to $6.32 billion. For the next fiscal year, analysts forecast that the firm will report sales of $6.95 billion per share, with estimates ranging from $6.87 billion to $7.03 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover NVR.
NVR (NYSE:NVR) last released its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the prior year, the firm earned $22.01 EPS. The company’s revenue was up 11.3% compared to the same quarter last year.
NVR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of NVR from a “hold” rating to a “buy” rating and set a $2,726.00 target price for the company in a research report on Wednesday, June 28th. Bank of America Corporation restated a “buy” rating and set a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research report on Wednesday, June 28th. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research report on Tuesday, June 6th. Zelman & Associates lowered shares of NVR from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, MKM Partners restated a “neutral” rating and set a $2,600.00 target price (up from $1,900.00) on shares of NVR in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2,672.00.
NVR (NYSE:NVR) traded down 0.0329% on Tuesday, hitting $2702.0000. 3,393 shares of the stock were exchanged. NVR has a 12 month low of $1,478.04 and a 12 month high of $2,775.52. The company has a 50-day moving average of $2,614.72 and a 200-day moving average of $2,265.41. The stock has a market cap of $10.11 billion, a price-to-earnings ratio of 21.3757 and a beta of 0.67.
In related news, CEO Paul C. Saville sold 2,086 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $2,315.08, for a total transaction of $4,829,256.88. Following the completion of the sale, the chief executive officer now directly owns 118,066 shares in the company, valued at $273,332,235.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eddie Arthur Grier sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $2,283.55, for a total transaction of $742,153.75. Following the sale, the director now owns 500 shares of the company’s stock, valued at $1,141,775. The disclosure for this sale can be found here. Insiders have sold 6,486 shares of company stock valued at $16,484,196 over the last 90 days. 11.30% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank purchased a new position in NVR during the second quarter worth $104,000. US Bancorp DE raised its position in NVR by 88.0% in the second quarter. US Bancorp DE now owns 47 shares of the construction company’s stock worth $113,000 after buying an additional 22 shares during the last quarter. Huntington National Bank raised its position in NVR by 1,325.0% in the first quarter. Huntington National Bank now owns 57 shares of the construction company’s stock worth $120,000 after buying an additional 53 shares during the last quarter. Acrospire Investment Management LLC purchased a new position in NVR during the first quarter worth $124,000. Finally, PNC Financial Services Group Inc. raised its position in 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 last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.
NVR Company Profile
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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