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.
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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