NVR, Inc. (NVR) to Release Earnings on Wednesday
NVR, Inc. (NYSE:NVR) is set to release its earnings data before the market opens on Wednesday, October 18th.
NVR (NYSE:NVR) last issued its earnings results on Friday, July 21st. The construction company reported $35.19 earnings per share for the quarter, topping the consensus estimate of $28.63 by $6.56. NVR had a return on equity of 37.43% and a net margin of 8.67%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.57 billion. During the same period in the prior year, the firm posted $22.01 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, analysts expect NVR to post $139.24 EPS for the current fiscal year and $156.12 EPS for the next fiscal year.
NVR, Inc. (NVR) opened at 2905.00 on Wednesday. The firm has a 50-day moving average price of $2,786.64 and a 200 day moving average price of $2,474.45. The firm has a market capitalization of $10.87 billion, a price-to-earnings ratio of 22.98 and a beta of 0.66. NVR, Inc. has a 12 month low of $1,478.04 and a 12 month high of $2,949.50.
A number of brokerages have recently commented on NVR. Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a report on Monday, September 25th. MKM Partners restated a “neutral” rating on shares of NVR in a report on Tuesday, September 5th. ValuEngine upgraded NVR from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Bank of America Corporation restated a “buy” rating and issued a $2,690.00 price target (up from $2,485.00) on shares of NVR in a report on Wednesday, June 28th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $2,645.00.
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In related news, insider Jeffrey D. Martchek sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $2,669.90, for a total transaction of $2,669,900.00. Following the sale, the insider now owns 5,323 shares in the company, valued at $14,211,877.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eddie Arthur Grier sold 165 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $2,682.26, for a total value of $442,572.90. Following the sale, the director now owns 340 shares in the company, valued at approximately $911,968.40. The disclosure for this sale can be found here. Insiders have sold 4,240 shares of company stock worth $11,355,358 in the last quarter. 11.30% of the stock is currently owned by corporate insiders.
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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