D. R. Horton Inc (NYSE:DHI) Expected to Announce Earnings of $1.24 Per Share

Equities research analysts expect D. R. Horton Inc (NYSE:DHI) to report earnings per share (EPS) of $1.24 for the current quarter, Zacks Investment Research reports. Eighteen analysts have made estimates for D. R. Horton’s earnings. The lowest EPS estimate is $1.14 and the highest is $1.30. D. R. Horton posted earnings of $1.22 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The company is expected to report its next 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 anticipate that the company will report earnings of $4.57 per share, with EPS estimates ranging from $4.20 to $5.14. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow D. R. Horton.

D. R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, July 30th. The construction company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The business had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. During the same quarter last year, the company earned $1.18 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year.

Several brokerages have commented on DHI. Barclays raised their target price on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. KeyCorp raised their target price on D. R. Horton from $45.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. BTIG Research raised their target price on D. R. Horton to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a $46.00 target price on D. R. Horton and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Buckingham Research raised their target price on D. R. Horton from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. D. R. Horton has an average rating of “Buy” and an average target price of $48.42.

NYSE DHI traded up $0.77 during trading hours on Thursday, hitting $50.22. The company had a trading volume of 236,693 shares, compared to its average volume of 4,727,164. D. R. Horton has a 52 week low of $32.39 and a 52 week high of $49.62. The firm has a 50 day simple moving average of $45.86 and a 200 day simple moving average of $43.47. 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 has a market capitalization of $17.81 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.05 and a beta of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Shareholders of record on Monday, August 12th will be issued a $0.15 dividend. The ex-dividend date is Friday, August 9th. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. D. R. Horton’s payout ratio is currently 14.67%.

In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael R. Buchanan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at approximately $1,481,269.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,500 shares of company stock worth $937,350. Insiders own 6.87% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Focused Wealth Management Inc purchased a new stake in shares of D. R. Horton in the 1st quarter valued at about $25,000. Front Row Advisors LLC raised its holdings in shares of D. R. Horton by 873.5% during the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after buying an additional 725 shares in the last quarter. Ropes Wealth Advisors LLC purchased a new position in shares of D. R. Horton during the 1st quarter valued at about $37,000. Parallel Advisors LLC raised its holdings in shares of D. R. Horton by 64.5% during the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after buying an additional 354 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its holdings in shares of D. R. Horton by 268.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after buying an additional 684 shares in the last quarter. 87.90% of the stock is currently owned by hedge funds and other institutional investors.

About D. R. Horton

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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Earnings History and Estimates for D. R. Horton (NYSE:DHI)

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