NVR, Inc. (NVR) Expected to Announce Earnings of $31.44 Per Share

Analysts forecast that NVR, Inc. (NYSE:NVR) will announce earnings per share of $31.44 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for NVR’s earnings, with the highest EPS estimate coming in at $37.99 and the lowest estimate coming in at $27.20. NVR reported earnings per share of $25.12 during the same quarter last year, which would suggest a positive year over year growth rate of 25.2%. The company is scheduled to issue its next quarterly earnings report on Thursday, April 19th.

On average, analysts expect that NVR will report full year earnings of $188.66 per share for the current year, with EPS estimates ranging from $183.92 to $196.06. For the next financial year, analysts expect that the business will report earnings of $220.73 per share, with EPS estimates ranging from $212.00 to $234.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover NVR.

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NVR (NYSE:NVR) last issued its quarterly earnings data on Thursday, January 25th. The construction company reported $43.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $48.95 by ($5.54). NVR had a return on equity of 38.72% and a net margin of 8.70%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the company earned $37.80 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year.

A number of equities analysts recently issued reports on NVR shares. ValuEngine raised NVR from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS increased their price target on NVR from $3,450.00 to $3,750.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research lowered NVR from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $3,119.25.

In other NVR news, Director Eddie Arthur Grier sold 400 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $2,968.07, for a total transaction of $1,187,228.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Melquiades R. Martinez sold 47 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,097 shares of company stock valued at $3,373,063. 11.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC lifted its position in shares of NVR by 161.5% during the 4th quarter. Renaissance Technologies LLC now owns 51,180 shares of the construction company’s stock valued at $179,551,000 after acquiring an additional 31,610 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of NVR by 304.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 35,125 shares of the construction company’s stock valued at $123,226,000 after acquiring an additional 26,437 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of NVR by 331.9% during the 3rd quarter. Janus Henderson Group PLC now owns 30,783 shares of the construction company’s stock valued at $87,883,000 after acquiring an additional 23,656 shares during the last quarter. BlackRock Inc. lifted its position in shares of NVR by 4.5% during the 4th quarter. BlackRock Inc. now owns 398,368 shares of the construction company’s stock valued at $1,397,562,000 after acquiring an additional 17,136 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of NVR by 47.4% during the 4th quarter. Acadian Asset Management LLC now owns 48,238 shares of the construction company’s stock valued at $169,231,000 after acquiring an additional 15,512 shares during the last quarter. 79.77% of the stock is owned by hedge funds and other institutional investors.

NVR stock traded down $63.22 on Friday, reaching $3,122.00. The company’s stock had a trading volume of 32,916 shares, compared to its average volume of 28,584. NVR has a 52 week low of $2,028.99 and a 52 week high of $3,700.00. The firm has a market capitalization of $11,498.64, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.09 and a beta of 0.63. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.62 and a quick ratio of 1.67.

NVR declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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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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