NEW YORK (TheStreet) -- Shares of NVR Inc. (NVR) are higher by 3.32% to $1,103.10 in late-morning trading on Monday after the company announced its 2014 second quarter net income was $68.18 million, or $15.17 per diluted share, compared to $50.69 million, or $10.11 for the year ago period.
Analysts polled by Thomson Reuters expected earnings per share of $14.88 for the most recent quarter, RTT News reports.
The home construction company said total revenue for the 2014 second quarter was $1.10 billion, from $1.01 billion for the 2013 second quarter.
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Analysts expected revenue of $1.13 for the quarter, RTT News added.
TheStreet Ratings team rates NVR INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate NVR INC (NVR) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins."