NVR (NYSE:NVR – Get Free Report) posted its quarterly earnings data on Tuesday. The construction company reported $120.69 earnings per share for the quarter, missing the consensus estimate of $121.65 by ($0.96), Zacks reports. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.48 billion. NVR had a return on equity of 38.51% and a net margin of 16.83%.
NVR Price Performance
Shares of NVR stock traded up $128.72 during trading hours on Friday, hitting $8,600.60. The company had a trading volume of 22,268 shares, compared to its average volume of 19,529. NVR has a 12 month low of $5,210.49 and a 12 month high of $8,695.00. The firm has a market capitalization of $26.92 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.54 and a beta of 1.17. The firm’s fifty day moving average is $7,724.94 and its 200 day moving average is $7,615.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 3.97 and a current ratio of 5.84.
NVR announced that its board has authorized a stock repurchase plan on Tuesday, May 7th that authorizes the company to repurchase $750.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Insider Activity
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. StockNews.com raised NVR from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. UBS Group upped their price target on NVR from $7,600.00 to $8,175.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th.
View Our Latest Analysis on NVR
About NVR
NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of 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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