NVR Inc. (NVR) Set to Announce Quarterly Earnings on Tuesday
NVR Inc. (NYSE:NVR) will announce its earnings results before the market opens on Tuesday, October 18th. Analysts expect the company to announce earnings of $29.46 per share for the quarter.
NVR (NYSE:NVR) last posted its quarterly earnings results on Thursday, July 21st. The company reported $22.01 earnings per share for the quarter, missing analysts’ consensus estimates of $26.00 by $3.99. NVR had a net margin of 7.53% and a return on equity of 32.00%. The business earned $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. On average, analysts expect NVR to post $103.67 EPS for the current fiscal year and $126.64 EPS for the next fiscal year.
Shares of NVR Inc. (NYSE:NVR) opened at 1590.71 on Friday. NVR Inc. has a 1-year low of $1,462.02 and a 1-year high of $1,845.37. The company has a market cap of $6.20 billion, a PE ratio of 16.42 and a beta of 0.47. The company has a 50-day moving average price of $1,653.01 and a 200-day moving average price of $1,701.74.
A number of brokerages have commented on NVR. Wells Fargo & Co. began coverage on NVR in a research note on Wednesday, September 28th. They issued a “market perform” rating for the company. Credit Suisse Group AG reissued a “sell” rating on shares of NVR in a research note on Tuesday, June 28th. Finally, Zacks Investment Research raised NVR from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 21st. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $1,713.50.
In related news, Director William Grady Rosier sold 729 shares of NVR stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $1,728.71, for a total transaction of $1,260,229.59. Following the transaction, the director now owns 4,153 shares of the company’s stock, valued at $7,179,332.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Manuel H. Johnson sold 121 shares of NVR stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $1,699.19, for a total value of $205,601.99. Following the transaction, the director now directly owns 400 shares in the company, valued at approximately $679,676. The disclosure for this sale can be found here. Corporate insiders own 10.20% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rational Advisors LLC bought a new position in shares of NVR during the second quarter valued at about $178,000. Pacad Investment Ltd. acquired a new stake in shares of NVR during the second quarter worth approximately $178,000. HighTower Advisors LLC acquired a new stake in shares of NVR during the second quarter worth approximately $214,000. National Asset Management Inc. acquired a new stake in shares of NVR during the second quarter worth approximately $221,000. Finally, Pacer Advisors Inc. raised its stake in shares of NVR by 530.0% in the second quarter. Pacer Advisors Inc. now owns 378 shares of the company’s stock worth $673,000 after buying an additional 318 shares during the period. 81.96% of the stock is currently owned by institutional investors.
NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company also operates a mortgage banking and title services business. The Company’s mortgage banking operations are operated primarily through a subsidiary, NVR Mortgage Finance, Inc (NVRM).
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