Analysts expect D. R. Horton Inc (NYSE:DHI) to post earnings per share (EPS) of $1.24 for the current quarter, according to Zacks Investment Research. Eighteen analysts have provided estimates for D. R. Horton’s earnings, with estimates ranging from $1.14 to $1.30. D. R. Horton reported earnings per share of $1.22 during the same quarter last year, which would indicate a positive year-over-year growth rate of 1.6%. The company is expected to issue its next quarterly earnings report on Thursday, November 14th.
According to Zacks, analysts expect that D. R. Horton will report full year earnings of $4.17 per share for the current financial year, with EPS estimates ranging from $3.89 to $4.25. For the next financial year, analysts expect that the business will post earnings of $4.57 per share, with EPS estimates ranging from $4.20 to $5.14. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover D. R. Horton.
D. R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.06 by $0.20. The firm had revenue of $4.91 billion for the quarter, compared to analyst estimates of $4.52 billion. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. D. R. Horton’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.18 earnings per share.
DHI has been the topic of several research reports. Buckingham Research raised their price objective on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $49.00 price objective (up previously from $46.00) on shares of D. R. Horton in a report on Wednesday, April 17th. Keefe, Bruyette & Woods lowered D. R. Horton from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $45.66 to $37.30 in a report on Monday, April 22nd. SunTrust Banks initiated coverage on D. R. Horton in a report on Monday. They set a “buy” rating and a $56.00 price objective on the stock. Finally, BTIG Research raised their price objective on D. R. Horton to $56.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. D. R. Horton has an average rating of “Buy” and an average target price of $48.42.
Shares of DHI stock traded down $0.39 during mid-day trading on Thursday, hitting $46.97. 3,286,156 shares of the stock were exchanged, compared to its average volume of 5,119,293. The stock’s fifty day simple moving average is $45.25 and its two-hundred day simple moving average is $43.26. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 1.03 and a beta of 1.08. D. R. Horton has a 12-month low of $32.39 and a 12-month high of $48.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.28%. D. R. Horton’s dividend payout ratio (DPR) is 14.67%.
In other news, Director Michael R. Buchanan sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total transaction of $230,900.00. Following the completion of the sale, the director now owns 32,076 shares in the company, valued at $1,481,269.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Bradley S. Anderson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total transaction of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. Focused Wealth Management Inc acquired a new position in D. R. Horton in the 1st quarter valued at approximately $25,000. Front Row Advisors LLC raised its holdings in shares of D. R. Horton by 873.5% in the first quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after purchasing an additional 725 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new position in D. R. Horton during the first quarter worth $37,000. Parallel Advisors LLC increased its holdings in D. R. Horton by 64.5% during the first quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock worth $37,000 after buying an additional 354 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its holdings in D. R. Horton by 268.2% during the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock worth $40,000 after buying an additional 684 shares during the last quarter. Hedge funds and other institutional investors own 87.80% of the company’s stock.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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