New Home Company Inc (NWHM) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.10. The company posted revenue of $108.90 million in the period, compared to analysts expectations of $87.10 million. The company’s revenue was up 138.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
New Home Company Inc opened for trading at $9.4 and hit $9.72 on the upside on Thursday, eventually ending the session at $9.62, with a gain of 2.01% or 0.19 points. The heightened volatility saw the trading volume jump to 59,449 shares. Company has a market cap of $199 M.
In a different news, on May 23, 2016, John Martin Stephens (Chief Financial Officer) purchased 500 shares at $8.99 per share price. According to the SEC, on May 4, 2016, H Lawrence Webb (CEO) purchased 5,000 shares at $10.32 per share price. On Sep 3, 2015, Thomas Redwitz (Chief Operating Officer) sold 3,000 shares at $14.19 per share price, according to the Form-4 filing with the securities and exchange commission.
The New Home Company Inc. formerly The New Home Company LLC is primarily engaged in all aspects of residential real estate development including acquiring land and designing constructing and selling homes located in California. The Company is focused on the design construction and sale of homes in metropolitan areas within select growth markets in California including coastal Southern California the San Francisco Bay area and metro Sacramento. It operates in two segments: homebuilding and fee building. It also offers construction services to build homes for independent third-party property owners some of which have been marketed under The New Home Company brand name. Its services with respect to fee building projects include design development construction and sale of the homes. Its product offering (including homes that Company is building for its unconsolidated joint ventures) ranges in size from approximately 800 to 5400 square feet.