What is Zacks Research's Forecast for NVR Q3 Earnings?

Key Points

• Zacks Research lowered its Q3 EPS forecast for NVR to $123.42 from $126.74 and maintains a “Strong Sell” rating. The consensus full-year EPS estimate is $365.41.
• NVR’s latest quarter showed mixed results: EPS of $83.96 exceeded estimates, but revenue of $2.34 billion missed forecasts and declined 10.5% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $6,809.67; NVR shares recently opened at $6,131.48.

NVR, Inc. (NYSE:NVR - Free Report) - Zacks Research reduced their Q3 2028 earnings per share (EPS) estimates for shares of NVR in a note issued to investors on Tuesday, September 22nd. Zacks Research analyst Team now anticipates that the construction company will post earnings of $123.42 per share for the quarter, down from their previous forecast of $126.74. Zacks Research currently has a "Strong Sell" rating on the stock. The consensus estimate for NVR's current full-year earnings is $365.41 per share.

NVR (NYSE:NVR - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The construction company reported $83.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $83.06. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.40 billion. NVR had a return on equity of 31.02% and a net margin of 12.26%.The business's revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $108.54 EPS.

Other research analysts have also recently issued reports about the company. Weiss Ratings raised NVR from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 14th. Zelman & Associates upgraded shares of NVR from a "hold" rating to a "buy" rating in a research report on Tuesday, July 7th. UBS Group dropped their target price on shares of NVR from $7,700.00 to $7,400.00 and set a "neutral" rating for the company in a research note on Friday, July 24th. BTIG Research set a $7,125.00 target price on shares of NVR in a research report on Tuesday, September 22nd. Finally, Truist Financial decreased their price target on shares of NVR from $6,600.00 to $6,400.00 and set a "hold" rating on the stock in a research note on Friday, July 24th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6,809.67.

NVR Price Performance

Shares of NVR stock opened at $6,131.48 on Friday. NVR has a 52 week low of $5,501.01 and a 52 week high of $8,200.00. The stock has a market capitalization of $16.31 billion, a PE ratio of 15.90, a PEG ratio of 10.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.24 and a current ratio of 5.28. The stock's fifty day moving average is $6,296.06 and its 200-day moving average is $6,370.94.

Institutional Trading of NVR

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in shares of NVR in the 2nd quarter valued at about $27,000. Trust Co. of Vermont acquired a new stake in shares of NVR during the 2nd quarter worth approximately $34,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of NVR during the second quarter worth approximately $34,000. Global Retirement Partners LLC bought a new stake in shares of NVR during the second quarter worth approximately $41,000. Finally, Bullseye Investment Management LLC acquired a new position in NVR in the second quarter valued at approximately $41,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George Oliver purchased 63 shares of the business's stock in a transaction dated Friday, August 7th. The shares were acquired at an average price of $6,431.51 per share, with a total value of $405,185.13. Following the completion of the purchase, the director directly owned 63 shares of the company's stock, valued at $405,185.13. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is owned by company insiders.

NVR Company Profile

NVR, Inc is a U.S. homebuilding and mortgage banking company headquartered in Reston, Virginia. Through its Ryan Homes, NVHomes and Heartland Homes brands, the company designs and constructs single-family homes, townhomes and condominiums for first-time, move-up and luxury homebuyers.

NVR serves customers across selected markets in the Mid-Atlantic, Northeast, Midwest and Southeast regions of the United States. Its homebuilding operations include land acquisition and development, home design, construction, sales and customer service.

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