Revenue Update on UCP Inc(NYSE:UCP)

UCP Inc(NYSE:UCP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $82.84M. Analysts estimated a revenue of $75.09M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.06.

In a different note, On May 16, 2016, Deutsche Bank said it Maintains its rating on UCP Inc. In the research note, the firm Lowers the price-target to $10.00 per share. The shares have been rated ‘Hold’ by the firm.

UCP Inc (UCP) made into the market gainers list on Mondays trading session with the shares advancing 1.10% or 0.09 points. Due to strong positive momentum, the stock ended at $8.29, which is also near the day’s high of $8.34. The stock began the session at $8.2 and the volume stood at 18,117 shares. The 52-week high of the shares is $9.57 and the 52 week low is $5.22. The company has a current market capitalization of $66 M and it has 79,80,543 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 27, 2016, Capital Management Buckingham (10% owner) sold 31,579 shares at $7.70 per share price.Also, On Nov 13, 2015, Dustin L. Bogue (PRESIDENT AND CEO) sold 40,000 shares at $7.70 per share price.

UCP Inc. (UCP) is a homebuilder and land developer in California Washington State North Carolina South Carolina and Tennessee. In California the Company operates in the Central Valley area (Fresno and Madera counties) the Monterey Bay area (Monterey County) the South San Francisco Bay area (Santa Clara and San Benito counties) and in Southern California (Los Angeles Ventura and Kern counties). In Washington State it operates in the Puget Sound area (King Snohomish Thurston and Kitsap counties). In North Carolina South Carolina and Tennessee its operations are in the Raleigh Charlotte Myrtle Beach and Nashville markets. The Company operates in two segments: homebuilding and land development. The homebuilding segment includes two geographic regions which include West and Southeast. The land development segment is focused in California and Washington.

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