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

NVR (NYSE:NVR) released its earnings results on Tuesday. The construction company reported $82.45 earnings per share for the quarter, topping the consensus estimate of $72.43 by $10.02, Briefing.com reports. NVR had a return on equity of 33.36% and a net margin of 12.59%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.21 billion. During the same period last year, the company earned $42.50 earnings per share. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year.

Shares of NVR stock traded up $106.00 during trading on Thursday, hitting $4,999.76. 873 shares of the stock traded hands, compared to its average volume of 22,179. The stock has a market cap of $18.20 billion, a price-to-earnings ratio of 20.21 and a beta of 1.01. The company has a current ratio of 5.73, a quick ratio of 3.63 and a debt-to-equity ratio of 0.50. NVR has a 52-week low of $3,500.00 and a 52-week high of $5,308.48. The firm’s fifty day moving average is $4,852.07.

NVR declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 5th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the construction company to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded NVR from a “hold” rating to a “buy” rating and set a $5,068.00 target price for the company in a research report on Friday, April 23rd. Wells Fargo & Company assumed coverage on NVR in a research report on Wednesday, April 21st. They set an “equal weight” rating and a $5,000.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $5,273.20.

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.

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Earnings History for NVR (NYSE:NVR)

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