Smith Douglas Homes (NYSE:SDHC) Posts Earnings Results

Smith Douglas Homes (NYSE:SDHC) posted its earnings results on Wednesday. The company reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46, Zacks reports. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The firm had revenue of $287.49 million for the quarter, compared to the consensus estimate of $265.85 million.

Smith Douglas Homes Price Performance

Shares of SDHC opened at $19.26 on Friday. Smith Douglas Homes has a 12-month low of $19.00 and a 12-month high of $39.50. The firm has a fifty day moving average price of $23.12 and a 200-day moving average price of $30.10.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SDHC shares. JPMorgan Chase & Co. decreased their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, December 13th. Bank of America lowered shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $33.00 to $22.00 in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced their target price on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating on the stock in a research note on Thursday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, Smith Douglas Homes currently has an average rating of “Hold” and an average target price of $24.80.

About Smith Douglas Homes

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.