Smith Douglas Homes (NYSE:SDHC) Issues Quarterly Earnings Results, Hits Expectations

Smith Douglas Homes (NYSE:SDHC) issued its quarterly earnings data on Wednesday. The company reported $0.46 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.46, Zacks reports. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%.

Smith Douglas Homes Stock Down 0.3 %

Smith Douglas Homes stock traded down $0.06 during trading hours on Wednesday, hitting $21.07. The stock had a trading volume of 18,575 shares, compared to its average volume of 117,644. The stock’s 50-day moving average price is $23.33 and its 200-day moving average price is $30.24. Smith Douglas Homes has a 12-month low of $19.52 and a 12-month high of $39.50.

Analysts Set New Price Targets

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

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.