New Home (NYSE:NWHM) posted its quarterly earnings data on Wednesday. The construction company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01, Bloomberg Earnings reports. New Home had a return on equity of 9.52% and a net margin of 2.73%. The firm had revenue of $324.10 million for the quarter, compared to analyst estimates of $295.04 million. During the same quarter last year, the company earned $0.76 EPS. The company’s revenue was up .5% on a year-over-year basis.
New Home (NYSE:NWHM) traded up $0.12 during trading on Wednesday, reaching $12.01. The company’s stock had a trading volume of 19,728 shares, compared to its average volume of 103,549. The company has a market cap of $248.23, a price-to-earnings ratio of 11.49 and a beta of 1.69. New Home has a 12-month low of $9.75 and a 12-month high of $13.55. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.16 and a current ratio of 1.16.
In other New Home news, insider Joseph David Davis sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $12.78, for a total value of $383,400.00. Following the sale, the insider now owns 35,126 shares of the company’s stock, valued at approximately $448,910.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lp Tcn/Tnhc sold 71,384 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $11.37, for a total value of $811,636.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 419,514 shares of company stock worth $5,126,709. Company insiders own 24.20% of the company’s stock.
A number of research firms have commented on NWHM. ValuEngine lowered New Home from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded New Home from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd.
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New Home Company Profile
The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
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