Profile
Sector:
Consumer CyclicalIndustry:
Residential ConstructionCountry:
United StatesIPO:
22 July 1985Website:
http://www.nvrinc.comNext earnings report:
30 January 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:41:50 GMTDividend
Analysts recommendations
Institutional Ownership
Included in screeners
NVR Latest News
NVR's results for the third quarter of 2024 show a high demand for housing, as seen in the rise of settlements and new orders.
NVR (NVR) reported quarterly earnings of $130.50 per share, which is lower than the Zacks Consensus Estimate of $132.08 per share. This is an increase from the earnings of $125.26 per share from the same period last year.
NVR's performance in the third quarter of 2024 is expected to have improved due to a better housing market and a strong business model.
NVR is gaining from a strong housing market and a well-organized business approach.
NVR (NVR) shared its earnings report 30 days ago. What can we expect for the stock moving forward?
The second-quarter 2024 results of NVR reflect strong housing demand evidenced by increased settlements and new order growth. Yet, increased income tax expenses and cost of sales mar the bottom line.
NVR (NVR) came out with quarterly earnings of $120.69 per share, missing the Zacks Consensus Estimate of $121.65 per share. This compares to earnings of $116.54 per share a year ago.
NVR's second-quarter 2024 performance is likely to have benefited from an improving housing backdrop and a solid business model.
D.R. Horton, KB Home NVR, PulteGroup and Toll Brothers are included in this Analyst Blog.
Although NVR stock slightly underperformed the broader market since my initial coverage, business drivers remain strong. Factors such as high mortgage rates, housing shortage, and potential interest rate cuts contribute to a favorable environment for NVR's medium-term performance. I believe the stock is undervalued compared to the company's potential, leading to the reiteration of my "Buy" rating.
What type of business is NVR?
NVR, Inc. builds homes in the USA. The company operates in two segments: "Homebuilding" and "Mortgage Banking". It primarily constructs and sells single-family homes, townhomes, and condominiums under the brands Ryan Homes, NVHomes, and Heartland Homes. NVR, Inc. also provides various mortgage-related services for its homebuilding clients; property insurance brokers; and title searches in connection with mortgage closings. NVR, Inc. was founded in 1980 and is headquartered in Reston, Virginia.
What sector is NVR in?
NVR is in the Consumer Cyclical sector
What industry is NVR in?
NVR is in the Residential Construction industry
What country is NVR from?
NVR is headquartered in United States
When did NVR go public?
NVR initial public offering (IPO) was on 22 July 1985
What is NVR website?
https://www.nvrinc.com
Is NVR in the S&P 500?
Yes, NVR is included in the S&P 500 index
Is NVR in the NASDAQ 100?
No, NVR is not included in the NASDAQ 100 index
Is NVR in the Dow Jones?
No, NVR is not included in the Dow Jones index
When was NVR the previous earnings report?
No data
When does NVR earnings report?
The next expected earnings date for NVR is 30 January 2025