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Looks a buy here at 2910-15. Down 4% on those earnings?
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Originally posted by Louetta View Post
Louetta, Everything has flip flopped in this bizarro world of Htrae. Good earnings are bad, bad earnings are good. Real news is fake, fake news is real. Good people are liars, liars are good people, the best ever. What a time to be alive.
------------------billyComment
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Somehow I wish we could wake up from this nightmare and forget it ever happened.Originally posted by billyjoe View PostComment
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Stupid me! It's not happening. It's the doggone Japanese food! P.S. I still look terrific in my sweaters! Well, maybe not quite as good as Stormy and Karen.Originally posted by billyjoe View PostComment
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I don't get it. Is this bad?
RESTON, Va., July 20, 2018 /PRNewswire/ -- NVR, Inc. (NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2018 of $203,174,000, or $49.05 per diluted share. Net income and diluted earnings per share for the second quarter ended June 30, 2018 increased 37% and 39%, respectively, when compared to 2017 second quarter net income of $147,877,000, or $35.19 per diluted share. Consolidated revenues for the second quarter of 2018 totaled $1,787,305,000, a 16% increase from $1,544,492,000 in the second quarter of 2017.
For the six months ended June 30, 2018, consolidated revenues were $3,316,719,000, an 18% increase from $2,821,584,000 reported for 2017. Net income for the six months ended June 30, 2018 was $369,223,000, an increase of 47% when compared to the six months ended June 30, 2017. Diluted earnings per share for the six months ended June 30, 2018 was $88.31, an increase of 46% from $60.36 per diluted share for 2017.
Net income and diluted earnings per share were favorably impacted by the reduction in the Company's effective tax rate for the three and six months ended June 30, 2018 to 15.9% and 14.6%, respectively, compared to 29.2% and 26.5% for the three and six months ended June 30, 2017, respectively. The reduction in the effective tax rate was primarily due to the enactment of the Tax Cuts and Jobs Act in December 2017, which lowered the Company's federal statutory tax rate from 35% to 21%. Additionally, the effective tax rate for the three and six months ended June 30, 2018 was favorably impacted by the recognition of an income tax benefit related to excess tax benefits from stock option exercises totaling $26,456,000 and $46,022,000, respectively. For the three and six months ended June 30, 2017, the income tax benefit related to excess tax benefits from stock option exercises totaled $16,464,000 and $36,364,000, respectively.
Homebuilding
New orders in the second quarter of 2018 increased 6% to 4,964 units, when compared to 4,678 units in the second quarter of 2017. The average sales price of new orders in the second quarter of 2018 was $376,300, which was essentially flat when compared with the second quarter of 2017. Settlements increased in the second quarter of 2018 to 4,611 units, 18% higher than the second quarter of 2017. The Company's backlog of homes sold but not settled as of June 30, 2018 increased on a unit basis by 15% to 10,162 units and increased on a dollar basis by 12% to $3,861,853,000 when compared to June 30, 2017.
Homebuilding revenues in the second quarter of 2018 totaled $1,750,463,000, 16% higher than the year earlier period. Gross profit margin in the second quarter of 2018 decreased to 19.1%, compared to 19.5% in the second quarter of 2017. Income before tax from the homebuilding segment totaled $223,266,000 in the second quarter of 2018, an increase of 17% when compared to the second quarter of 2017.
Mortgage Banking
Mortgage closed loan production in the second quarter of 2018 totaled $1,214,101,000, an increase of 17% when compared to the second quarter of 2017. Income before tax from the mortgage banking segment totaled $18,320,000 in the second quarter of 2018, an increase of 4% when compared to $17,631,000 in the second quarter of 2017.Comment
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Jiesen, We're living in a bizarro world. Good is bad, up is down , truth is lies. We should do the opposite of what is sensible.
--------------billyLast edited by billyjoe; 07-20-2018, 10:47 AM.Comment
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It’s an excellent earnings report, but they missed on revenue. Consensus was $1.82b and they reported $1.79b even though they beat on EPS. Not a big miss, but in the market, everything is about expectations, and when you don’t meet them, the market punishes you. With excellent earnings like this, however, I think the share price will rebound.Comment
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Ouch, still stings."It's easy to make money in the stock market" "Just buy a stock that goes up, and then sell it" "If it doesn't go up, don't buy it!" - Mark TwainComment
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Feeling (and hoping) for the usual swings this stock takes, I got back in at 2825 this morning.
Hope everyone is having a good Summer!
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Nearly 3900 now, and I'm sitting on a 14% gain right here... just a bit more to go, and we've got another HUUUUUUUUUUUGGGGGEEEEE winner!!Originally posted by jiesen View PostComment
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wow.....did you hold it?Originally posted by tiedyed1 View PostFeeling (and hoping) for the usual swings this stock takes, I got back in at 2825 this morning.
Hope everyone is having a good Summer!=============================
I am HUGE! Bring me your finest meats and cheeses.
- $$$MR. MARKET$$$Comment
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Got lucky today, because my limit order hit at near the high of the day, around 3930. Got my 15% on this one, and hope you all get the same and more!Originally posted by jiesen View Post
Thanks for yet another awesome pick, $$MM!!! You are HUUUUUUUUUUUUUUUUUUUUGGGGGGGGGGGEEEEEEEEEEE!!!!!Comment
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Gosh......Comment
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Yes, coulda held out and had another $100 per share on that one... anyway congrats to all who did! Target achieved today, and no doubt that NVR will hit again shortly, in case you missed it.Comment
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