Smith Douglas Homes Corp. (NYSE:SDHC – Get Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.50.
Several brokerages have commented on SDHC. Wells Fargo & Company upped their price objective on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Bank of America raised their price target on shares of Smith Douglas Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, September 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target on shares of Smith Douglas Homes in a report on Thursday, August 15th. Finally, Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of Smith Douglas Homes in a report on Wednesday, August 14th.
View Our Latest Analysis on Smith Douglas Homes
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Smith Douglas Homes Price Performance
Shares of SDHC opened at $36.68 on Friday. The firm has a fifty day simple moving average of $35.74 and a two-hundred day simple moving average of $29.94. Smith Douglas Homes has a twelve month low of $20.55 and a twelve month high of $39.50.
Smith Douglas Homes (NYSE:SDHC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $208.02 million. Smith Douglas Homes’s quarterly revenue was up 21.7% on a year-over-year basis. On average, equities research analysts predict that Smith Douglas Homes will post 1.66 EPS for the current year.
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.
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