Equities Analysts Issue Forecasts for SDHC FY2024 Earnings

Smith Douglas Homes Corp. (NYSE:SDHC) – Investment analysts at Wedbush upped their FY2024 earnings per share (EPS) estimates for shares of Smith Douglas Homes in a note issued to investors on Tuesday, November 12th. Wedbush analyst J. Mccanless now expects that the company will earn $1.72 per share for the year, up from their prior estimate of $1.70. Wedbush currently has a “Neutral” rating and a $20.00 target price on the stock. The consensus estimate for Smith Douglas Homes’ current full-year earnings is $1.71 per share. Wedbush also issued estimates for Smith Douglas Homes’ Q3 2025 earnings at $0.50 EPS, Q4 2025 earnings at $0.62 EPS and FY2025 earnings at $1.88 EPS.

Several other equities analysts have also recently issued reports on SDHC. Bank of America raised their price target on 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 reissued a “sector perform” rating and issued a $26.00 price objective on shares of Smith Douglas Homes in a research report on Thursday, August 15th. Finally, Wells Fargo & Company raised their price target on Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Smith Douglas Homes presently has an average rating of “Hold” and an average target price of $31.50.

Smith Douglas Homes Stock Performance

Shares of NYSE:SDHC opened at $30.52 on Friday. The business has a fifty day moving average of $35.60 and a 200-day moving average of $30.99. Smith Douglas Homes has a twelve month low of $20.55 and a twelve month high of $39.50.

Smith Douglas Homes (NYSE:SDHC) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $208.02 million. Smith Douglas Homes had a net margin of 4.60% and a return on equity of 21.01%. The business’s quarterly revenue was up 21.7% compared to the same quarter last year.

Hedge Funds Weigh In On Smith Douglas Homes

A number of institutional investors have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in Smith Douglas Homes in the 3rd quarter valued at approximately $34,000. RiverPark Advisors LLC bought a new position in shares of Smith Douglas Homes during the second quarter valued at $120,000. Quantbot Technologies LP lifted its holdings in shares of Smith Douglas Homes by 287.0% during the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock worth $139,000 after purchasing an additional 2,738 shares during the period. Sandia Investment Management LP bought a new stake in shares of Smith Douglas Homes in the first quarter worth $178,000. Finally, Atria Investments Inc acquired a new stake in Smith Douglas Homes in the third quarter valued at $204,000.

About Smith Douglas Homes

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.