For the full year, the company anticipates delivering between 5,000 and 5,500 homes at an average sales price between $665,000 and $675,000. The company expects homebuilding gross margin percentage to be in the range of 20.5% and 22.0% for the full year and anticipates its SG&A expense as a percentage of home sales revenue will be in the range of 11.5% and 12.5%. Finally, the company expects its effective tax rate for the full year to be approximately 27.0%.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPH:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue