NVR (NYSE:NVR) Announces Earnings Results, Beats Expectations By $10.02 EPS

NVR (NYSE:NVR) posted its earnings results on Tuesday. The construction company reported $82.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $72.43 by $10.02, Briefing.com reports. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.21 billion. NVR had a net margin of 12.59% and a return on equity of 33.36%. NVR’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $42.50 EPS.

Shares of NVR stock traded up $117.86 during trading on Thursday, reaching $5,011.62. The company’s stock had a trading volume of 636 shares, compared to its average volume of 22,179. NVR has a 52-week low of $3,500.00 and a 52-week high of $5,308.48. The company has a market cap of $18.24 billion, a P/E ratio of 20.21 and a beta of 1.01. The firm has a 50-day simple moving average of $4,852.07. The company has a current ratio of 5.73, a quick ratio of 3.63 and a debt-to-equity ratio of 0.50.

A number of analysts recently weighed in on NVR shares. Wells Fargo & Company initiated coverage on shares of NVR in a report on Wednesday, April 21st. They set an “equal weight” rating and a $5,000.00 target price on the stock. Zacks Investment Research raised shares of NVR from a “hold” rating to a “buy” rating and set a $5,068.00 price target for the company in a research note on Friday, April 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. NVR presently has a consensus rating of “Buy” and a consensus price target of $5,273.20.

NVR announced that its Board of Directors has initiated a share buyback plan on Wednesday, May 5th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

NVR Company Profile

NVR, Inc operates as a homebuilder in the United States. The company operates in two segments, Homebuilding and Mortgage Banking. It primarily constructs and sells single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers, and NVHomes and Heartland Homes products to move-up and luxury buyers.

Further Reading: Return on Investment (ROI) Defined, Explained

Earnings History for NVR (NYSE:NVR)

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