Wall Street analysts expect that D. R. Horton (NYSE:DHI) will report sales of $4.31 billion for the current fiscal quarter, Zacks reports. Twenty analysts have issued estimates for D. R. Horton’s earnings, with the lowest sales estimate coming in at $4.13 billion and the highest estimate coming in at $4.55 billion. D. R. Horton reported sales of $3.78 billion during the same quarter last year, which indicates a positive year over year growth rate of 14%. The firm is scheduled to issue its next earnings results on Wednesday, July 25th.
According to Zacks, analysts expect that D. R. Horton will report full-year sales of $16.12 billion for the current fiscal year, with estimates ranging from $15.62 billion to $16.47 billion. For the next fiscal year, analysts anticipate that the business will report sales of $18.08 billion per share, with estimates ranging from $17.08 billion to $19.18 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover D. R. Horton.
D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, April 26th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.05. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 16.7% compared to the same quarter last year.
DHI has been the topic of a number of analyst reports. ValuEngine lowered D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Credit Suisse Group set a $55.00 price objective on D. R. Horton and gave the company a “buy” rating in a report on Thursday, April 26th. Wedbush raised D. R. Horton from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $43.44 to $50.00 in a report on Wednesday, March 7th. Mizuho reissued a “hold” rating and set a $47.00 price objective on shares of D. R. Horton in a report on Thursday, March 22nd. Finally, Bank of America increased their price objective on D. R. Horton to $71.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $51.56.
In related news, Director Barbara K. Allen sold 2,423 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $45.73, for a total transaction of $110,803.79. Following the completion of the sale, the director now owns 5,650 shares in the company, valued at approximately $258,374.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bill W. Wheat sold 2,568 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $109,550.88. Following the sale, the chief financial officer now owns 115,937 shares of the company’s stock, valued at approximately $4,945,872.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,126 shares of company stock valued at $1,154,224. 7.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Jackson Grant Investment Advisers Inc. bought a new stake in D. R. Horton during the 4th quarter valued at approximately $110,000. Private Capital Group LLC boosted its stake in D. R. Horton by 2,107.6% during the 1st quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock valued at $115,000 after purchasing an additional 2,508 shares during the period. Calton & Associates Inc. bought a new stake in D. R. Horton during the 4th quarter valued at approximately $193,000. Tiemann Investment Advisors LLC bought a new stake in D. R. Horton during the 4th quarter valued at approximately $203,000. Finally, Court Place Advisors LLC bought a new stake in D. R. Horton during the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 84.01% of the company’s stock.
Shares of D. R. Horton opened at $41.84 on Friday, Marketbeat reports. The company has a current ratio of 7.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.39. D. R. Horton has a fifty-two week low of $32.47 and a fifty-two week high of $53.32. The stock has a market capitalization of $15.46 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.05 and a beta of 1.11.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Thursday, May 10th. This represents a $0.50 annualized dividend and a yield of 1.20%. D. R. Horton’s payout ratio is 18.25%.
About D. R. Horton
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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