Smith Douglas Homes (SDHC) Set to Announce Quarterly Earnings on Tuesday

Smith Douglas Homes (NYSE:SDHC) is scheduled to 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

Smith Douglas Homes (NYSE:SDHC) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 firm’s revenue 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 Price Performance

NYSE:SDHC opened at $33.18 on Tuesday. Smith Douglas Homes has a 1-year low of $20.55 and a 1-year high of $39.50. The business’s 50-day moving average price is $35.92 and its two-hundred day moving average price is $30.63.

Wall Street Analyst Weigh In

SDHC has been the subject of several recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 target price on shares of Smith Douglas Homes in a research note on Thursday, August 15th. Wells Fargo & Company upped 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. Bank of America raised their target price on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research report on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus 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.