Wedbush Forecasts Stronger Earnings for Smith Douglas Homes

Smith Douglas Homes Corp. (NYSE:SDHC - Free Report) - Equities researchers at Wedbush increased their FY2024 earnings per share (EPS) estimates for Smith Douglas Homes in a research report issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $1.72 for the year, up from their prior forecast of $1.70. Wedbush currently has a "Neutral" rating and a $20.00 target price on the stock. The consensus estimate for Smith Douglas Homes' current full-year earnings is $1.71 per share. Wedbush also issued estimates for Smith Douglas Homes' Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $1.88 EPS.

Smith Douglas Homes (NYSE:SDHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 earnings per share 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 analyst estimates of $208.02 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%. Smith Douglas Homes's quarterly revenue was up 21.7% compared to the same quarter last year.

Other equities analysts have also issued reports about the company. Wells Fargo & Company boosted their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Royal Bank of Canada reiterated 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, 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $31.50.

Smith Douglas Homes Stock Performance

Shares of NYSE SDHC traded up $0.01 during midday trading on Friday, hitting $30.52. The stock had a trading volume of 107,582 shares, compared to its average volume of 135,147. The company has a fifty day moving average price of $35.60 and a 200 day moving average price of $30.99. Smith Douglas Homes has a 1-year low of $20.55 and a 1-year high of $39.50.

Institutional Investors Weigh In On Smith Douglas Homes

A number of institutional investors and hedge funds have recently modified their holdings of the stock. M&T Bank Corp acquired a new position in Smith Douglas Homes during the third quarter valued at $436,000. XTX Topco Ltd bought a new stake in shares of Smith Douglas Homes during the 3rd quarter worth about $246,000. Jane Street Group LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter worth about $530,000. Stifel Financial Corp boosted its stake in Smith Douglas Homes by 39.0% during the 3rd quarter. Stifel Financial Corp now owns 26,074 shares of the company's stock valued at $985,000 after purchasing an additional 7,310 shares during the period. Finally, Wasatch Advisors LP bought a new stake in Smith Douglas Homes during the 3rd quarter valued at approximately $8,104,000.

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.