New Home (NWHM) Earns Coverage Optimism Score of 0.09
News articles about New Home (NYSE:NWHM) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. New Home earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 45.7399263952319 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Blue Mesa Health Inc. Achieves ‘Preliminary’ Recognition Status From CDC for Diabetes Prevention Program Transform (prnewswire.com)
- Watch New Trailer for HBO’s Upcoming Andre the Giant Documentary (broadwayworld.com)
- ‘Wolf of Wall Street’ film company to pay $60M settlement (cnbc.com)
- New Mexico Attorney General Goes After Rooftop Solar Company (usnews.com)
- Megan Eltringham and Melanie Andrews of The New Home Company Named to Professional Builder’s 40 Under 40 Class of 2018 (finance.yahoo.com)
A number of analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of New Home from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $13.00 price target (up from $12.00) on shares of New Home in a research report on Tuesday, February 20th. JMP Securities downgraded shares of New Home from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 15th. Finally, ValuEngine upgraded shares of New Home from a “hold” rating to a “buy” rating in a research report on Friday, December 1st.
New Home (NYSE:NWHM) last announced its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $324.10 million for the quarter, compared to the consensus estimate of $295.04 million. New Home had a net margin of 2.28% and a return on equity of 8.39%. New Home’s revenue for the quarter was up .5% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. equities analysts anticipate that New Home will post 1.03 earnings per share for the current year.
In related news, insider Joseph David Davis sold 30,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $12.78, for a total transaction of $383,400.00. Following the completion of the sale, the insider now directly owns 35,126 shares of the company’s stock, valued at approximately $448,910.28. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lp Tcn/Tnhc sold 70,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $12.64, for a total value of $884,800.00. The disclosure for this sale can be found here. Insiders sold a total of 236,100 shares of company stock worth $2,956,974 over the last quarter. 24.20% of the stock is currently owned by corporate insiders.
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About New Home
The New Home Company Inc is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area.
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