Q4 EPS Estimates for Smith Douglas Homes Reduced by Wedbush

Smith Douglas Homes Corp. (NYSE:SDHC) – Stock analysts at Wedbush dropped their Q4 2024 earnings estimates for shares of Smith Douglas Homes in a note issued to investors on Tuesday, November 12th. Wedbush analyst J. Mccanless now anticipates that the company will post earnings per share of $0.45 for the quarter, down from their previous forecast of $0.52. Wedbush has a “Neutral” rating and a $20.00 price target 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’ Q1 2026 earnings at $0.36 EPS, Q2 2026 earnings at $0.43 EPS, Q3 2026 earnings at $0.53 EPS and FY2026 earnings at $2.04 EPS.

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

Other equities research analysts have also recently issued research reports about the company. Bank of America lifted 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. Wells Fargo & Company upped their price target on shares of Smith Douglas Homes from $35.00 to $40.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $26.00 price target on shares of Smith Douglas Homes in a research report on Thursday, August 15th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Smith Douglas Homes Trading Up 0.0 %

Smith Douglas Homes stock opened at $30.52 on Thursday. Smith Douglas Homes has a 52 week low of $20.55 and a 52 week high of $39.50. The stock has a 50 day moving average of $35.60 and a 200-day moving average of $30.99.

Hedge Funds Weigh In On Smith Douglas Homes

A number of large investors have recently made changes to their positions in SDHC. nVerses Capital LLC bought a new stake in Smith Douglas Homes during the third quarter worth $34,000. Quantbot Technologies LP increased its stake in shares of Smith Douglas Homes by 287.0% in the third quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after buying an additional 2,738 shares during the period. RiverPark Advisors LLC bought a new position in Smith Douglas Homes in the 2nd quarter valued at approximately $120,000. Atria Investments Inc acquired a new stake in Smith Douglas Homes during the 3rd quarter worth approximately $204,000. Finally, Sandia Investment Management LP bought a new stake in Smith Douglas Homes during the 1st quarter worth approximately $178,000.

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.