Wall Street analysts expect that D. R. Horton Inc (NYSE:DHI) will announce $1.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nineteen analysts have provided estimates for D. R. Horton’s earnings, with the highest EPS estimate coming in at $1.12 and the lowest estimate coming in at $1.01. D. R. Horton reported earnings per share of $1.18 in the same quarter last year, which would suggest a negative year over year growth rate of 10.2%. The company is expected to announce its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that D. R. Horton will report full-year earnings of $3.92 per share for the current financial year, with EPS estimates ranging from $3.73 to $4.19. For the next fiscal year, analysts forecast that the firm will post earnings of $4.33 per share, with EPS estimates ranging from $3.52 to $5.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for D. R. Horton.
D. R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, April 25th. The construction company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The company had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis.
DHI has been the subject of several recent analyst reports. ValuEngine lowered D. R. Horton from a “hold” rating to a “sell” rating in a research report on Friday, March 1st. Susquehanna Bancshares restated a “neutral” rating and set a $49.00 target price (up previously from $46.00) on shares of D. R. Horton in a research report on Wednesday, April 17th. JMP Securities boosted their target price on D. R. Horton from $44.00 to $49.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Buckingham Research boosted their target price on D. R. Horton from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Barclays set a $46.00 price target on shares of D. R. Horton and gave the company a “buy” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $47.23.
Shares of NYSE:DHI traded up $0.50 during trading hours on Friday, hitting $45.96. 2,816,488 shares of the company’s stock traded hands, compared to its average volume of 3,255,378. D. R. Horton has a 1 year low of $32.39 and a 1 year high of $47.02. The firm has a market capitalization of $16.96 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.38, a current ratio of 7.27 and a quick ratio of 0.83.
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 13th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, May 10th. D. R. Horton’s dividend payout ratio is presently 14.67%.
In related news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $41.28, for a total value of $82,560.00. Following the completion of the transaction, the director now owns 9,000 shares of the company’s stock, valued at $371,520. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael W. Hewatt sold 1,833 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $40.06, for a total transaction of $73,429.98. Following the completion of the transaction, the director now directly owns 9,000 shares of the company’s stock, valued at approximately $360,540. The disclosure for this sale can be found here. Insiders own 6.87% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its position in shares of D. R. Horton by 1.0% during the third quarter. Vanguard Group Inc now owns 36,817,427 shares of the construction company’s stock worth $1,552,959,000 after purchasing an additional 381,357 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of D. R. Horton by 8.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,194 shares of the construction company’s stock valued at $977,000 after buying an additional 2,263 shares during the last quarter. Keybank National Association OH purchased a new stake in shares of D. R. Horton during the fourth quarter valued at $299,000. Advisors Asset Management Inc. grew its holdings in shares of D. R. Horton by 24.9% during the fourth quarter. Advisors Asset Management Inc. now owns 33,384 shares of the construction company’s stock valued at $1,157,000 after buying an additional 6,647 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of D. R. Horton by 6.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 7,414 shares of the construction company’s stock valued at $257,000 after buying an additional 420 shares during the last quarter. 87.19% of the stock is owned by institutional investors.
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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