Smith Douglas Homes (SDHC) Scheduled to Post Earnings on Tuesday

Smith Douglas Homes (NYSE:SDHC) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 12th. Analysts expect Smith Douglas Homes to post earnings of $0.48 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $208.02 million. Smith Douglas Homes’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts expect Smith Douglas Homes to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Smith Douglas Homes Price Performance

SDHC opened at $36.33 on Friday. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month high of $39.50. The business’s fifty day simple moving average is $35.80 and its 200-day simple moving average is $30.85.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wedbush restated a “neutral” rating and set a $20.00 price objective on shares of Smith Douglas Homes in a research note on Wednesday, August 14th. Wells Fargo & Company upped their price objective on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Finally, Bank of America upped their price objective on Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Smith Douglas Homes currently has an average rating of “Hold” and a consensus target price of $31.50.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.