Analysts Expect AV Homes Inc (AVHI) to Announce $0.01 Earnings Per Share

Shares of AV Homes Inc (NASDAQ:AVHI) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus target price of $22.00 for the company and are expecting that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also given AV Homes an industry rank of 57 out of 265 based on the ratings given to related companies.

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Several brokerages have issued reports on AVHI. Zacks Investment Research downgraded shares of AV Homes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 28th. BidaskClub upgraded shares of AV Homes from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AVHI. Basswood Capital Management L.L.C. acquired a new stake in shares of AV Homes in the fourth quarter valued at approximately $1,880,000. Dimensional Fund Advisors LP raised its position in shares of AV Homes by 9.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,046,609 shares of the financial services provider’s stock valued at $17,949,000 after buying an additional 94,199 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of AV Homes by 247.6% in the third quarter. GSA Capital Partners LLP now owns 58,259 shares of the financial services provider’s stock valued at $999,000 after buying an additional 41,500 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of AV Homes by 14.0% in the fourth quarter. Renaissance Technologies LLC now owns 330,500 shares of the financial services provider’s stock valued at $5,503,000 after buying an additional 40,592 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of AV Homes by 49.1% in the fourth quarter. Deutsche Bank AG now owns 101,828 shares of the financial services provider’s stock valued at $1,695,000 after buying an additional 33,550 shares in the last quarter. Institutional investors own 85.32% of the company’s stock.

AVHI stock traded up $0.25 during mid-day trading on Friday, hitting $18.55. 216,281 shares of the company were exchanged, compared to its average volume of 85,696. The company has a quick ratio of 3.94, a current ratio of 3.94 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $414.56, a PE ratio of 25.07 and a beta of 0.51. AV Homes has a 1-year low of $14.65 and a 1-year high of $20.50.

AV Homes (NASDAQ:AVHI) last issued its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.01). The company had revenue of $280.77 million for the quarter, compared to analyst estimates of $301.30 million. AV Homes had a positive return on equity of 2.77% and a negative net margin of 2.60%. research analysts expect that AV Homes will post 1.35 EPS for the current year.

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AV Homes Company Profile

AV Homes, Inc is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also engaged in other real estate activities, such as the operation of amenities and the sale of land for third-party development. The Company’s segments include Florida, Arizona and the Carolinas.

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