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

Smith Douglas Homes (NYSE:SDHC - Get Free Report) will 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. Parties that wish to listen to the company's conference call can do so using this link.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. The business had revenue of $220.90 million for the quarter, compared to analysts' expectations of $208.02 million. The business's revenue for the quarter was up 21.7% compared to the same quarter last year. 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 Stock Up 5.8 %

Shares of SDHC traded up $1.92 during trading hours on Tuesday, hitting $35.10. The company had a trading volume of 31,467 shares, compared to its average volume of 137,490. Smith Douglas Homes has a 52-week low of $20.55 and a 52-week high of $39.50. The stock's 50 day moving average price is $35.92 and its 200 day moving average price is $30.63.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SDHC shares. Bank of America boosted their price objective on Smith Douglas Homes from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Wedbush reaffirmed a "neutral" rating and set a $20.00 price objective on shares of Smith Douglas Homes in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average 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.