Wall Street analysts expect NVR, Inc. (NYSE:NVR) to report $31.44 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NVR’s earnings, with the lowest EPS estimate coming in at $27.20 and the highest estimate coming in at $37.99. NVR reported earnings of $25.12 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 19th.
On average, analysts expect that NVR will report full year earnings of $188.66 per share for the current financial year, with EPS estimates ranging from $183.92 to $196.06. For the next financial year, analysts anticipate that the company will post earnings of $220.73 per share, with EPS estimates ranging from $212.00 to $234.41. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow NVR.
NVR (NYSE:NVR) last issued 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 company 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. NVR’s revenue for the quarter was up 3.6% on a year-over-year basis.
Shares of NVR stock traded down $10.83 during mid-day trading on Thursday, hitting $3,093.72. 10,541 shares of the stock were exchanged, compared to its average volume of 35,965. NVR has a 52 week low of $2,028.55 and a 52 week high of $3,700.00. The firm has a market cap of $11,321.68, a PE ratio of 24.49, a price-to-earnings-growth ratio of 1.07 and a beta of 0.65. 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 declared that its Board of Directors has initiated a share repurchase plan on Tuesday, December 12th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, Director Melquiades R. Martinez sold 47 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $3,000.00, for a total transaction of $141,000.00. Following the completion of the sale, the director now owns 178 shares in the company, valued at approximately $534,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Grady Rosier sold 650 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $3,145.90, for a total transaction of $2,044,835.00. Following the sale, the director now owns 1,862 shares of the company’s stock, valued at approximately $5,857,665.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,097 shares of company stock valued at $3,373,063. Corporate insiders own 11.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased 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 worth $1,397,562,000 after purchasing an additional 17,136 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in NVR by 3.0% in the 4th quarter. TIAA CREF Investment Management LLC now owns 67,777 shares of the construction company’s stock valued at $237,777,000 after acquiring an additional 1,963 shares in the last quarter. Goldman Sachs Group Inc. increased its position in NVR by 5.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 52,548 shares of the construction company’s stock valued at $184,352,000 after acquiring an additional 2,873 shares in the last quarter. Renaissance Technologies LLC increased its position in NVR by 161.5% in 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 in the last quarter. Finally, Acadian Asset Management LLC increased its position in NVR by 47.4% in 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 in the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.
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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