Q4 EPS Estimates for Smith Douglas Homes Reduced by Wedbush

Smith Douglas Homes Corp. (NYSE:SDHC) – Research analysts at Wedbush dropped their Q4 2024 earnings per share estimates for Smith Douglas Homes in a report issued on Tuesday, November 12th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.52. Wedbush has a “Neutral” rating and a $20.00 price target on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.66 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

Several other research analysts have also recently commented on SDHC. Bank of America raised their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada restated a “sector perform” rating and set a $26.00 price objective on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Finally, Wells Fargo & Company upped their target price on 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. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Smith Douglas Homes Stock Performance

SDHC opened at $30.51 on Thursday. The business has a fifty day simple moving average of $35.67 and a 200 day simple moving average of $30.99. Smith Douglas Homes has a 1 year low of $20.55 and a 1 year high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.03. The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $208.02 million. The business’s revenue was up 21.7% compared to the same quarter last year.

Institutional Investors Weigh In On Smith Douglas Homes

Institutional investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC bought a new stake in shares of Smith Douglas Homes in the 1st quarter valued at about $14,321,000. Vanguard Group Inc. acquired a new position in shares of Smith Douglas Homes in the first quarter worth approximately $13,451,000. Long Pond Capital LP bought a new stake in Smith Douglas Homes in the first quarter valued at approximately $12,388,000. Zimmer Partners LP acquired a new stake in Smith Douglas Homes during the 1st quarter valued at approximately $9,652,000. Finally, Wasatch Advisors LP bought a new position in Smith Douglas Homes during the 3rd quarter worth 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.