Smith Douglas Homes (NYSE:SDHC) Posts Quarterly Earnings Results, Meets Estimates

Smith Douglas Homes (NYSE:SDHC) released its quarterly earnings data on Wednesday. The company reported $0.46 earnings per share for the quarter, meeting the consensus estimate of $0.46, Zacks reports. The firm had revenue of $287.49 million during the quarter, compared to the consensus estimate of $265.85 million. Smith Douglas Homes had a return on equity of 21.01% and a net margin of 4.60%.

Smith Douglas Homes Trading Down 7.0 %

Smith Douglas Homes stock opened at $19.26 on Friday. Smith Douglas Homes has a one year low of $19.00 and a one year high of $39.50. The stock has a 50-day moving average of $23.12 and a two-hundred day moving average of $30.10.

Analyst Upgrades and Downgrades

SDHC has been the subject of several research reports. Wells Fargo & Company lowered their price target on shares of Smith Douglas Homes from $24.00 to $21.00 and set an “equal weight” rating for the company in a research report on Thursday. Bank of America cut Smith Douglas Homes from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $33.00 to $22.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. decreased their price objective on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.80.

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.