NVR (NVR) Releases Earnings Results, Beats Expectations By $1.01 EPS

NVR (NVR) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $15.97 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.01. Analysts had a consensus of $14.96. The company posted revenue of $1144.00 million in the period, compared to analysts expectations of $1152.08 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.22 EPS.

NVR closed down -1.78 points or -0.10% at $1780 with 23,461 shares getting traded on Monday. Post opening the session at $1772.49, the shares hit an intraday low of $1750.05 and an intraday high of $1788.91 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 1, 2016, Paul W Whetsell (director) sold 1,000 shares at $1,622.56 per share price. According to the SEC, on Mar 1, 2016, Jeffrey D Martchek (President of Homebuilding Ops) sold 750 shares at $1,625.00 per share price. On Feb 22, 2016, Eugene James Bredow (Controller) sold 300 shares at $1,580.00 per share price, according to the Form-4 filing with the securities and exchange commission.

NVR Inc. is engaged in the construction and sale of single-family detached homes townhomes and condominium buildings. The Company also operates a mortgage banking and title services business through its wholly owned subsidiary NVR Mortgage Finance Inc. (NVRM). The Company provides single-family detached homes townhomes and condominium buildings with basic home designs. The Company’s home building activities combine traditional transitional cottage or urban exterior designs with contemporary interior designs and amenities which include two to four bedrooms and range from approximately 800 to 7300 square feet. The Company provides mortgage related services to home building customers through mortgage banking operations. The mortgage banking operations include separate subsidiaries that broker title insurance and perform title searches in connection with mortgage loan closings for which they receive commissions and fees.


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