Revenue Update on New Home Company Inc(NYSE:NWHM)

New Home Company Inc(NYSE:NWHM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $322.449M. Analysts estimated a revenue of $280.430M. The revenues were 14.98% above the estimates. Earnings per share were $0.76. The reported EPS was above estimates by 11.76%. Analysts had estimated an EPS of $0.68.

New Home Company Inc (NWHM) made into the market gainers list on Wednesdays trading session with the shares advancing 0.47% or 0.05 points. Due to strong positive momentum, the stock ended at $10.68, which is also near the day’s high of $11.22. The stock began the session at $11 and the volume stood at 3,68,209 shares. The 52-week high of the shares is $12.79 and the 52 week low is $7.71. The company has a current market capitalization of $221 M and it has 2,07,11,952 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, H Lawrence Webb (CEO) purchased 10,200 shares at $9.75 per share price.Also, On May 23, 2016, John Martin Stephens (Chief Financial Officer) purchased 500 shares at $8.99 per share price.On Dec 10, 2015, Douglas C Neff (director 10% owner) purchased 500,000 shares at $12.50 per share price, according to the Form-4 filing with the securities and exchange commission.

The New Home Company Inc. formerly The New Home Company LLC is primarily engaged in all aspects of residential real estate development including acquiring land and designing constructing and selling homes located in California. The Company is focused on the design construction and sale of homes in metropolitan areas within select growth markets in California including coastal Southern California the San Francisco Bay area and metro Sacramento. It operates in two segments: homebuilding and fee building. It also offers construction services to build homes for independent third-party property owners some of which have been marketed under The New Home Company brand name. Its services with respect to fee building projects include design development construction and sale of the homes. Its product offering (including homes that Company is building for its unconsolidated joint ventures) ranges in size from approximately 800 to 5400 square feet.

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