Last $15.93 USD
Change Today +0.08 / 0.50%
Volume 26.5K
AVHI On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

av homes inc (AVHI) Snapshot

Open
$15.84
Previous Close
$15.85
Day High
$16.03
Day Low
$15.82
52 Week High
02/18/14 - $20.82
52 Week Low
07/30/14 - $15.15
Market Cap
352.0M
Average Volume 10 Days
21.4K
EPS TTM
$-1.00
Shares Outstanding
22.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AV HOMES INC (AVHI)

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av homes inc (AVHI) Details

AV Homes, Inc. is engaged in the homebuilding, community development, and land sale business in Florida, Arizona, and the Carolinas. The company is involved in the acquisition, development, and building of active adult and conventional home communities, and the construction and sale of residences within those communities. It is also engaged in the development and construction of Poinciana Parkway, a four-lane road in Osceola and Polk counties. In addition, the company is involved in other real estate activities, such as the operation of amenities; and the sale of commercial and industrial land for third-party development. As of December 31, 2013, it owned 2,964 developed residential lots; 3,193 partially developed residential lots; 13,714 undeveloped residential lots; and 7,860 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 based in Scottsdale, Arizona.

Founded in 1970

av homes inc (AVHI) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $575.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $113.5K
Executive Vice President and President of Ava...
Total Annual Compensation: $489.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $246.0K
Compensation as of Fiscal Year 2013.

av homes inc (AVHI) Key Developments

AV Homes Expands into Jacksonville Market with Purchase of 80 Acres

AV Homes, Inc. is expanding its Florida division into the Jacksonville market with the purchase of 80 acres located just off the 295 Beltway and Butler Boulevard, near St. Johns Town Center. The purchase closed Aug. 8 for an undisclosed price. With the Jacksonville purchase, AV Homes significantly expands its footprint in Florida and creates additional growth opportunities for the company. The company's Central Florida communities include Solivita, a 4,300-acre lifestyle community for adults 55-plus; Bellalago, located along more than a mile of Kissimmee's Lake Tohopekaliga; and Waterview, a traditional family-friendly neighborhood situated on 283 acres in Kissimmee.

AV Homes, Inc. - Shareholder/Analyst Call

AV Homes, Inc. - Shareholder/Analyst Call

AV Homes, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Affirms Earnings Guidance for the Year 2014

AV Homes, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total real estate revenues of $51,447,000 against $29,463,000 a year ago. Loss before income taxes was $2,253,000 against $4,668,000 a year ago. Net loss and comprehensive loss attributable to the company stockholders was $2,289,000 or $0.10 basic and diluted per share against $4,668,000 or $0.36 basic and diluted per share a year ago. The increase in total revenue as compared to the prior year period included a 140% increase in homebuilding revenue to $48.4 million. The increase in homebuilding revenue was driven by volume increases due to a greater number of communities with closings, primarily from the acquisition of Royal Oak Homes, and higher average prices. For the six months, the company reported total real estate revenues of $95,312,000 against $54,573,000 a year ago. Loss before income taxes was $3,885,000 against $9,427,000 a year ago. Net loss and comprehensive loss attributable to the company stockholders was $4,214,000 or $0.19 basic and diluted per share against $9,427,000 or $0.74 basic and diluted per share a year ago. Net cash used in operating activities was $61,482,000 against $11,935,000 a year ago. Investment in property and equipment was $409,000 against $764,000 a year ago. The company affirmed earnings guidance for the year 2014. The company expects land sales revenue between $26 and $28 million, with an aggregate gain on sales between $7 and $8 million, each for the year ending December 31, 2014. The company expects income/loss before taxes for the year ending December 31, 2014 in the range of break-even to a modest loss.

 

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