Smith Douglas Homes (SDHC) Projected to Post Earnings on Wednesday

Smith Douglas Homes (NYSE:SDHC - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 12th. Analysts expect Smith Douglas Homes to post earnings of $0.46 per share and revenue of $265.85 million for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Smith Douglas Homes Trading Down 2.5 %

SDHC traded down $0.56 during mid-day trading on Friday, hitting $21.51. The stock had a trading volume of 92,987 shares, compared to its average volume of 117,832. The stock's fifty day simple moving average is $23.50 and its 200-day simple moving average is $30.52. Smith Douglas Homes has a 1-year low of $19.52 and a 1-year high of $39.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SDHC. Bank of America downgraded shares of Smith Douglas Homes from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $33.00 to $22.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their price objective on shares of Smith Douglas Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, December 13th. Wedbush reissued a "neutral" rating and set a $20.00 price objective on shares of Smith Douglas Homes in a research report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Smith Douglas Homes from $33.00 to $24.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes currently has a consensus rating of "Hold" and an average target price of $25.40.

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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.