Press coverage about New Home (NYSE:NWHM) has trended positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Home earned a daily sentiment score of 0.33 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.5965607744013 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms recently weighed in on NWHM. ValuEngine upgraded New Home from a “hold” rating to a “buy” rating in a report on Sunday, April 8th. Zacks Investment Research downgraded New Home from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. JMP Securities downgraded New Home from an “outperform” rating to a “market perform” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase restated a “neutral” rating and issued a $13.00 price objective (up from $12.00) on shares of New Home in a report on Tuesday, February 20th.
Shares of NWHM stock traded up $0.10 on Wednesday, hitting $11.08. The stock had a trading volume of 11,532 shares, compared to its average volume of 95,557. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.40 and a quick ratio of 2.40. The company has a market capitalization of $224.43, a P/E ratio of 11.41 and a beta of 1.62. New Home has a one year low of $9.75 and a one year high of $13.55.
New Home (NYSE:NWHM) last released its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $324.10 million during the quarter, compared to the consensus estimate of $295.04 million. New Home had a return on equity of 8.39% and a net margin of 2.28%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. analysts anticipate that New Home will post 1.03 earnings per share for the current fiscal year.
In other New Home news, insider Joseph David Davis sold 2,907 shares of New Home stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $12.05, for a total value of $35,029.35. Following the transaction, the insider now owns 35,126 shares in the company, valued at $423,268.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 24.60% of the company’s stock.
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About New Home
The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
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