New Home (NYSE:NWHM) released its quarterly earnings results on Thursday. The construction company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04, Fidelity Earnings reports. The company had revenue of $222.14 million for the quarter. New Home had a negative net margin of 3.13% and a positive return on equity of 2.58%.
NWHM stock traded down $0.36 during mid-day trading on Friday, reaching $5.37. 165,378 shares of the stock traded hands, compared to its average volume of 76,725. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.88 and a current ratio of 0.88. New Home has a one year low of $3.46 and a one year high of $7.10. The stock has a market capitalization of $111.34 million, a PE ratio of -5.11 and a beta of 1.69. The business has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $4.49.
Separately, ValuEngine downgraded shares of New Home from a “buy” rating to a “hold” rating in a research note on Wednesday, December 18th.
The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.
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