NOBILITY HOMES INC (NOBH) Jun 2024 Earnings Report
Nobility Homes, Inc. (NOBH): Investment Report
Overview
Nobility Homes, Inc. (NOBH) is a leading manufacturer and seller of manufactured and modular homes in Florida. With a market capitalization of $101.33 million, NOBH presents a unique opportunity for investors seeking exposure to the recovering US housing market. This report provides an in-depth analysis of NOBH's financial performance, growth prospects, and recent news updates to help investors make informed decisions.
Core Metrics
- Current price: $31.00
- 52-week high: $40.00
- 52-week low: $26.55
- Market Cap: $101.33 million
- P/E Ratio: 10.09
- Earnings per Share: $3.07
- 50-day average: $33.10
- 200-day average: $31.65
- Analyst Recommendations: No ratings currently available
Financial Performance
Nobility Homes, Inc. has demonstrated stable financial performance in recent quarters. The company's revenue growth rate is -9.3%, which indicates a slowdown in revenue growth. However, the company's operating cash flow stands at $10.12 million, with a free cash flow of $7.50 million, indicating a strong liquidity position. The company's gross margins are at 33.96%, and EBITDA margins are at 21.41%, indicating a decent profitability level.
Growth Prospects
Despite the current slowdown in revenue growth, NOBH is well-positioned to benefit from the recovering US housing market. The company's focus on manufactured and modular homes, which are more affordable and energy-efficient, could attract more customers seeking affordable housing options. Furthermore, NOBH's strong cash position and low debt levels provide a solid foundation for future growth initiatives.
News and Updates
Recently, NOBH reported its Q1 2024 earnings, with sales reaching $14 million. The company has also announced its sales and earnings for its first quarter 2024, indicating a stable performance.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from analysts, likely due to the lack of analyst coverage for NOBH.
Summary
In conclusion, Nobility Homes, Inc. (NOBH) presents a compelling investment opportunity for those seeking exposure to the US housing market. With a strong financial position, decent profitability, and a recovering housing market, NOBH is poised for growth. Although the company's revenue growth rate has slowed down, its focus on affordable housing options and strong cash position provide a solid foundation for future growth initiatives.
Disclosures
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