NVR, Inc. (NVR) Expected to Announce Quarterly Sales of $1.66 Billion
Wall Street analysts expect NVR, Inc. (NYSE:NVR) to report $1.66 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for NVR’s earnings. The lowest sales estimate is $1.65 billion and the highest is $1.67 billion. NVR reported sales of $1.51 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.9%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 19th.
According to Zacks, analysts expect that NVR will report full year sales of $1.66 billion for the current financial year, with estimates ranging from $6.23 billion to $6.32 billion. For the next year, analysts anticipate that the business will post 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 analysts that follow NVR.
NVR (NYSE:NVR) last announced its quarterly earnings data on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping analysts’ consensus estimates of $28.63 by $6.56. NVR had a net margin of 8.67% and a return on equity of 37.43%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the business earned $22.01 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis.
A number of equities analysts have recently issued reports on the stock. MKM Partners reiterated a “neutral” rating on shares of NVR in a research note on Tuesday. ValuEngine upgraded shares of NVR from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zelman & Associates downgraded shares of NVR from a “buy” rating to a “hold” rating in a research note on Friday, May 26th. 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 note on Wednesday, June 28th. Finally, Bank of America Corporation restated a “buy” rating and issued a $2,690.00 target price (up from $2,485.00) on shares of NVR in a research note on Wednesday, June 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $2,672.00.
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NVR (NYSE:NVR) opened at 2751.70 on Friday. The company has a 50-day moving average of $2,691.99 and a 200-day moving average of $2,334.93. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 21.77 and a beta of 0.66. NVR has a one year low of $1,478.04 and a one year high of $2,775.52.
In other NVR news, CFO Daniel David Malzahn sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,678.35, for a total value of $4,017,525.00. Following the completion of the sale, the chief financial officer now directly owns 4,225 shares in the company, valued at $11,316,028.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Grady Rosier sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $2,670.47, for a total transaction of $3,338,087.50. Following the completion of the sale, the director now owns 1,212 shares of the company’s stock, valued at $3,236,609.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,240 shares of company stock valued at $11,355,358. 11.30% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Achmea Investment Management B.V. acquired a new stake in NVR in the second quarter valued at approximately $1,052,000. Toronto Dominion Bank acquired a new stake in NVR in the second quarter valued at approximately $104,000. Ameritas Investment Partners Inc. boosted its stake in NVR by 2.8% in the second quarter. Ameritas Investment Partners Inc. now owns 1,043 shares of the construction company’s stock valued at $2,514,000 after acquiring an additional 28 shares in the last quarter. Castleark Management LLC acquired a new stake in NVR in the second quarter valued at approximately $277,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in NVR by 10.2% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 1,125 shares of the construction company’s stock valued at $2,712,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 79.77% 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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