NVR Inc. (NYSE: NVR) has reported earnings for its second fiscal quarter (ending June 30) of $128.21 versus $123.84 for the same period a year ago — an increase of 4%. This result exceeded the consensus estimate of $121.21 by $7.00. For the latest four quarters through June 30, E.P.S. were $513.32 versus $497.99 for the same period a year ago — an increase of 3%.
Recent Price Action
NVR Inc. (NYSE: NVR) stock declined slightly by -0.5% on 7/23/24. The stock closed at $8599.92. Moreover, this decline was accompanied by above average trading volume at 148% of normal. The stock has risen 6.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NVR’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
NVR has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NVR has a neutral Appreciation Score of 46 but a very high Power Rating of 90, triggering the Positive Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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