Notable News Spotlight: NVR (NYSE:NVR)

NVR (NYSE:NVR) changed 3.00% to recent value of $3892.89. The stock transacted 31203 shares during most recent day however it has an average volume of 38.23K shares. It spotted trading 2.47% off 52-week high price. On the other end, the stock has been noted 90.76% away from the low price over the last 52-weeks.

On Oct.18, 2019, NVR (NYSE:NVR) one of the nation’s largest homebuilding and mortgage banking companies, reported net income for its third quarter ended September 30, 2019 of $223,787,000, or $56.11 per diluted share. Net income and diluted earnings per share for the third quarter ended September 30, 2019 increased 14% and 16%, respectively, when compared to 2018 third quarter net income of $195,816,000, or $48.28 per diluted share. Consolidated revenues for the third quarter of 2019 totaled $1,911,264,000, a 3% increase from $1,852,407,000 in the third quarter of 2018.

For the nine months ended September 30, 2019, consolidated revenues were $5,398,469,000, a 4% increase from $5,169,126,000 reported for 2018. Net income for the nine months ended September 30, 2019 was $622,402,000, an increase of 10% when compared to the nine months ended September 30, 2018. Diluted earnings per share for the nine months ended September 30, 2019 was $156.61, an increase of 15% from $136.53 per diluted share for 2018.

The Company’s effective tax rate for the three and nine months ended September 30, 2019 decreased to 16.2% and 14.8%, respectively, compared to 21.6% and 17.2% for the three and nine months ended September 30, 2018, respectively. The effective tax rate was favorably impacted by an increase in the income tax benefit recognized related to excess tax benefits from stock option exercises totaling $27,604,000 and $86,809,000 for three and nine months ended September 30, 2019, respectively, compared to $12,585,000 and $58,607,000, for the three and nine months ended September 30, 2018, respectively.

 NVR has a gross margin of 20.90% and an operating margin of 13.80% while its profit margin remained 11.20% for the last 12 months. Its earnings per share (EPS) expected to touch remained 37.50% for this year while earning per share for the next 5-years is expected to reach at 10.20%.

 The company has 3.69M of outstanding shares and 3.43M shares were floated in the market.  The price moved ahead of 6.93% from the mean of 20 days, 7.60% from mean of 50 days SMA and performed 22.97% from mean of 200 days price. Company‚Äôs performance for the week was 8.98%, 6.20% for month and YTD performance remained 59.74%.

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