Equities analysts predict that D. R. Horton Inc (NYSE:DHI) will announce earnings of $1.25 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 $1.11 and the highest estimate coming in at $1.34. D. R. Horton posted earnings of $0.82 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 52.4%. The firm is expected to issue its next quarterly earnings report on Thursday, November 8th.
According to Zacks, analysts expect that D. R. Horton will report full year earnings of $3.88 per share for the current fiscal year, with EPS estimates ranging from $3.60 to $4.22. For the next year, analysts anticipate that the business will post earnings of $4.60 per share, with EPS estimates ranging from $4.16 to $5.05. 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 released its quarterly earnings data on Thursday, July 26th. The construction company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.10. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.32 billion. D. R. Horton had a net margin of 8.32% and a return on equity of 17.19%. The firm’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share.
A number of equities analysts have commented on the stock. Credit Suisse Group set a $55.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Thursday, April 26th. Mizuho set a $46.00 price objective on shares of D. R. Horton and gave the stock a “hold” rating in a report on Monday, August 6th. ValuEngine downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. KeyCorp set a $54.00 price objective on shares of D. R. Horton and gave the stock a “buy” rating in a report on Friday, July 27th. Finally, Evercore ISI raised shares of D. R. Horton from an “in-line” rating to an “outperform” rating in a report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.27.
D. R. Horton stock traded down $0.08 during mid-day trading on Friday, reaching $44.92. The company’s stock had a trading volume of 3,576,848 shares, compared to its average volume of 5,368,992. The company has a market cap of $16.94 billion, a PE ratio of 16.39, a P/E/G ratio of 1.10 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.06 and a quick ratio of 1.11. D. R. Horton has a twelve month low of $34.95 and a twelve month high of $53.32.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 22nd. Stockholders of record on Wednesday, August 8th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, August 7th. D. R. Horton’s dividend payout ratio (DPR) is 18.25%.
Institutional investors and hedge funds have recently made changes to their positions in the company. Private Capital Group LLC boosted its holdings in shares of D. R. Horton by 2,107.6% during the first quarter. Private Capital Group LLC now owns 2,627 shares of the construction company’s stock valued at $115,000 after acquiring an additional 2,508 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in D. R. Horton in the second quarter worth about $162,000. NuWave Investment Management LLC lifted its holdings in D. R. Horton by 10,085.7% in the first quarter. NuWave Investment Management LLC now owns 4,278 shares of the construction company’s stock worth $187,000 after purchasing an additional 4,236 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in D. R. Horton by 257.0% in the first quarter. Stratos Wealth Partners LTD. now owns 4,645 shares of the construction company’s stock worth $204,000 after purchasing an additional 3,344 shares during the period. Finally, Verity Asset Management Inc. acquired a new stake in D. R. Horton in the first quarter worth about $209,000. 83.12% 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 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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