Equities analysts predict that D. R. Horton (NYSE:DHI) will announce earnings of $0.86 per share for the current quarter, Zacks Investment Research reports. Twenty One analysts have issued estimates for D. R. Horton’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.91. D. R. Horton posted earnings of $0.60 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.3%. The firm is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th.
According to Zacks, analysts expect that D. R. Horton will report full year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.76. For the next year, analysts anticipate that the business will post earnings of $4.31 per share, with EPS estimates ranging from $3.27 to $4.94. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for D. R. Horton.
D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.55 EPS.
DHI has been the subject of several recent research reports. ValuEngine downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price target on shares of D. R. Horton in a research note on Tuesday, January 9th. UBS restated a “buy” rating and issued a $58.00 price target (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. Mizuho set a $56.00 price target on D. R. Horton and gave the company a “hold” rating in a research note on Thursday, January 18th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of D. R. Horton in a research note on Monday, January 22nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. D. R. Horton currently has an average rating of “Buy” and an average price target of $51.88.
In other news, Chairman Donald R. Horton sold 178,200 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.06, for a total transaction of $7,851,492.00. Following the completion of the sale, the chairman now directly owns 23,232,112 shares in the company, valued at approximately $1,023,606,854.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara K. Allen sold 940 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $40,100.40. Following the sale, the director now owns 6,590 shares of the company’s stock, valued at $281,129.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,602 shares of company stock valued at $10,828,080. Corporate insiders own 7.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Jackson Grant Investment Advisers Inc. acquired a new position in shares of D. R. Horton during the 4th quarter worth $110,000. Calton & Associates Inc. acquired a new position in shares of D. R. Horton during the 4th quarter worth $193,000. Tiemann Investment Advisors LLC acquired a new position in shares of D. R. Horton during the 4th quarter worth $203,000. Gofen & Glossberg LLC IL acquired a new position in shares of D. R. Horton during the 4th quarter worth $204,000. Finally, Court Place Advisors LLC acquired a new position in shares of D. R. Horton during the 4th quarter worth $204,000. 84.57% of the stock is owned by institutional investors.
DHI traded down $0.75 during trading on Friday, hitting $43.01. The stock had a trading volume of 4,822,954 shares, compared to its average volume of 4,831,574. The company has a market capitalization of $17,130.70, a PE ratio of 15.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.12. D. R. Horton has a one year low of $31.98 and a one year high of $53.32. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92.
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D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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