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Last $15.90 USD
Change Today +0.11 / 0.70%
Volume 19.6K
AVHI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

av homes inc (AVHI) Snapshot

Open
$15.79
Previous Close
$15.79
Day High
$15.92
Day Low
$15.69
52 Week High
06/6/14 - $18.13
52 Week Low
01/20/15 - $12.93
Market Cap
355.2M
Average Volume 10 Days
17.3K
EPS TTM
$-0.09
Shares Outstanding
22.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AV HOMES INC (AVHI)

av homes inc (AVHI) Related Businessweek News

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av homes inc (AVHI) Details

AV Homes, Inc. engages in the homebuilding, community development, and land sale businesses in Florida, Arizona, and North Carolina markets. The company operates through three segments: Active Adult Communities, Primary Residential Communities, and Land Sales. It is involved in the acquisition, development, and building of active adult and primary residential home communities, and the construction and sale of residences within the communities. The company also engages in other real estate activities, such as the operation of amenities; and the sale of commercial, industrial, or other land. As of December 31, 2014, it owned 3,505 developed residential lots; 2,853 partially developed residential lots; 9,572 undeveloped residential lots; and 7,220 acres of mixed use, commercial, and industrial land. The company was formerly known as Avatar Holdings Inc. and changed its name to AV Homes, Inc. in February 2012. AV Homes, Inc. was founded in 1970 and is headquartered in Scottsdale, Arizona.

214 Employees
Last Reported Date: 02/27/15
Founded in 1970

av homes inc (AVHI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $299.8K
Executive Vice President and President of Ava...
Total Annual Compensation: $345.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $40.8K
Compensation as of Fiscal Year 2014.

av homes inc (AVHI) Key Developments

AV Homes, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

AV Homes, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total real estate revenues of $103,960,000 compared to $52,010,000 a year ago. Income before income taxes was $1,605,000 compared to $2,130,000 a year ago. Net income and comprehensive loss attributable to the company was $1,605,000 or $0.07 per basic and diluted share compared to $1,824,000 or $0.08 per basic and diluted share a year ago. The increase in total revenue for the fourth quarter of 2014 compared to the prior year period included a 123% increase in homebuilding revenue to $100.6 million. Total revenue doubled as compared to the same period in 2013, driven by 123% increase in homebuilding and amenity revenue, partially offset by a $3.3 million decrease in land sales. For the year, the company reported total real estate revenues of $285,913,000 compared to $141,482,000 a year ago. Loss before income taxes was $1,603,000 compared to $8,272,000 a year ago. Net loss and comprehensive loss attributable to the company was $1,932,000 or $0.09 per basic and diluted share compared to $9,477,000 or $1.34 per basic and diluted share a year ago. The company issued the following expectations for its financial performance in 2015: Communities with closings are expected to increase almost 50% from 27 in 2014 to approximately 40 in 2015; Closings are expected to increase approximately 68% from 953 units in 2014 to approximately 1,600 units in 2015; Homebuilding Gross Margins are expected to be approximately 17% in 2015 compared to 18.2% in 2014; Division SG&A is expected to improve to approximately 11.5% of homebuilding revenue in 2015, from 14.1% in 2014; Corporate G&A is expected to improve to approximately 3% of homebuilding revenue in 2015, from 6.6% in 2014; Land Sales are expected to generate approximately $6 million of revenue and approximately $4 million of profit in 2015; Interest expense is expected to be approximately $10 million, after capitalization in 2015; Net income is expected to be approximately $4 million in 2015 compared to a loss of $2 million in 2014. The company’s outlook for 2015 reflects improving operating performance consistent with the company’s growth strategy that capitalize on its growth in a number of selling and closing communities throughout 2015 to deliver increased revenue in addition to leveraging its overhead cost structure.

AV Homes, Inc. to Report Q4, 2014 Results on Feb 26, 2015

AV Homes, Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 26, 2015

AV Homes, Inc., Q4 2014 Earnings Call, Feb 27, 2015

AV Homes, Inc., Q4 2014 Earnings Call, Feb 27, 2015

 

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AVHI Competitors

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Company Last Change
CatchMark Timber Trust Inc $11.63 USD -0.02
Forestar Group Inc $15.30 USD -0.09
LGI Homes Inc $17.42 USD +0.33
Limoneira Co $23.68 USD +0.17
UCP Inc $9.07 USD +0.10
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Industry Analysis

AVHI

Industry Average

Valuation AVHI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.3x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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