NVR (NVR) Releases Earnings Results, Misses Expectations By $-4.18 EPS

NVR (NVR) reported quarterly earnings results on Thursday, Jul-21-2016. The company reported $22.01 earnings per share for the quarter, missing the analyst consensus estimate by $-4.18. Analysts had a consensus of $26.19. The company posted revenue of $1388.00 million in the period, compared to analysts expectations of $1389.67 million. The company’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $21.91 EPS.

NVR opened for trading at $1752.55 and hit $1765 on the upside on Wednesday, eventually ending the session at $1752.47, with a gain of 0.04% or 0.78 points. The heightened volatility saw the trading volume jump to 18,977 shares. Company has a market cap of $6,829 M.

In a different news, on May 25, 2016, Manuel H Johnson (director) sold 300 shares at $1,716.80 per share price. According to the SEC, on May 23, 2016, Jeffrey D Martchek (President of Homebuilding Ops) sold 750 shares at $1,695.00 per share price. On May 9, 2016, Alfred E Festa (director) sold 1,592 shares at $1,625.00 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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