Equities analysts forecast that NVR, Inc. (NYSE:NVR) will report $1.51 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NVR’s earnings. The highest sales estimate is $1.64 billion and the lowest is $1.39 billion. NVR reported sales of $1.25 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 20.8%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 19th.
On average, analysts expect that NVR will report full year sales of $1.51 billion for the current year, with estimates ranging from $7.34 billion to $7.40 billion. For the next year, analysts forecast that the firm will report sales of $8.24 billion per share, with estimates ranging from $8.14 billion to $8.34 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover NVR.
NVR (NYSE:NVR) last released its quarterly earnings results on Thursday, January 25th. The construction company reported $43.41 earnings per share for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). NVR had a net margin of 8.70% and a return on equity of 38.72%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm posted $37.80 earnings per share. The firm’s quarterly revenue was up 3.6% on a year-over-year basis.
NVR (NVR) traded up $55.25 during midday trading on Wednesday, hitting $3,056.98. 24,042 shares of the stock were exchanged, compared to its average volume of 41,702. The company has a current ratio of 3.62, a quick ratio of 1.67 and a debt-to-equity ratio of 0.37. NVR has a 52 week low of $1,990.00 and a 52 week high of $3,700.00. The firm has a market capitalization of $11,470.00, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 1.04 and a beta of 0.64.
NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 12th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
In related news, Director Melquiades R. Martinez sold 47 shares of NVR stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total value of $141,000.00. Following the transaction, the director now directly owns 178 shares of the company’s stock, valued at $534,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Grady Rosier sold 650 shares of NVR stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the completion of the transaction, the director now directly owns 1,862 shares in the company, valued at $5,857,665.80. The disclosure for this sale can be found here. Insiders sold 1,097 shares of company stock worth $3,373,063 over the last three months. 11.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Palo Capital Inc. grew its stake in shares of NVR by 6.1% during the fourth quarter. Palo Capital Inc. now owns 1,031 shares of the construction company’s stock worth $3,617,000 after buying an additional 59 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in shares of NVR by 37.3% during the third quarter. Pictet Asset Management Ltd. now owns 1,510 shares of the construction company’s stock worth $4,311,000 after buying an additional 410 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of NVR by 48.0% during the third quarter. Macquarie Group Ltd. now owns 370 shares of the construction company’s stock worth $1,057,000 after buying an additional 120 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of NVR by 14.7% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,290 shares of the construction company’s stock worth $3,683,000 after buying an additional 165 shares during the last quarter. Finally, Invictus RG bought a new stake in shares of NVR during the third quarter worth $305,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.
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NVR Company Profile
NVR, Inc is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company’s segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (DC).
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