Smith Douglas Homes (NYSE:SDHC – Get Free Report) announced its earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03, Briefing.com reports. The company had revenue of $220.90 million during the quarter, compared to the consensus estimate of $208.02 million. The firm’s revenue was up 21.7% compared to the same quarter last year.
Smith Douglas Homes Stock Performance
Shares of NYSE:SDHC traded up $0.66 during mid-day trading on Thursday, reaching $35.68. The stock had a trading volume of 82,654 shares, compared to its average volume of 152,888. The firm has a 50 day simple moving average of $26.56 and a two-hundred day simple moving average of $27.70. Smith Douglas Homes has a twelve month low of $20.55 and a twelve month high of $37.74.
Analyst Upgrades and Downgrades
A number of analysts recently commented on SDHC shares. Bank of America lifted their price objective on Smith Douglas Homes from $30.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank of Canada reissued a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a research note on Thursday. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a research note on Wednesday. Finally, Wells Fargo & Company lifted their target price on shares of Smith Douglas Homes from $25.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.70.
Smith Douglas Homes Company Profile
Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.
Read More
- Five stocks we like better than Smith Douglas Homes
- Most Volatile Stocks, What Investors Need to Know
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- How Can Investors Benefit From After-Hours Trading
- Jeff Brown’s Exegesis AI Stock Picks
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for Smith Douglas Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smith Douglas Homes and related companies with MarketBeat.com's FREE daily email newsletter.