Wall Street brokerages expect D. R. Horton Inc (NYSE:DHI) to post earnings per share of $0.79 for the current quarter, according to Zacks Investment Research. Twenty analysts have issued estimates for D. R. Horton’s earnings, with estimates ranging from $0.67 to $0.91. D. R. Horton reported earnings of $0.60 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 31.7%. The company is scheduled to announce its next quarterly earnings report on Thursday, April 19th.
According to Zacks, analysts expect that D. R. Horton will report full-year earnings of $3.57 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $4.06. For the next year, analysts forecast that the business will report earnings of $4.15 per share, with EPS estimates ranging from $3.45 to $4.94. Zacks Investment Research’s 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 issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business’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 earned $0.55 EPS.
DHI has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of D. R. Horton in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. Barclays upped their price objective on shares of D. R. Horton from $34.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. KeyCorp upped their price objective on shares of D. R. Horton from $41.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, October 20th. ValuEngine cut shares of D. R. Horton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada upped their price objective on shares of D. R. Horton to $57.00 and gave the stock an “outperform” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $51.59.
In other D. R. Horton news, Director Michael W. Hewatt sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $47.86, for a total transaction of $95,720.00. Following the sale, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $287,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Bill W. Wheat sold 19,677 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.65, for a total transaction of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares in the company, valued at $4,969,021.65. The disclosure for this sale can be found here. Insiders have sold a total of 28,677 shares of company stock worth $1,410,293 over the last three months. Insiders own 7.20% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greenhaven Associates Inc. boosted its stake in shares of D. R. Horton by 0.5% in the 3rd quarter. Greenhaven Associates Inc. now owns 8,214,782 shares of the construction company’s stock valued at $328,016,000 after purchasing an additional 42,642 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of D. R. Horton by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,724,081 shares of the construction company’s stock valued at $228,533,000 after purchasing an additional 306,287 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of D. R. Horton by 21.2% in the 3rd quarter. Wedge Capital Management L L P NC now owns 3,366,752 shares of the construction company’s stock valued at $134,434,000 after purchasing an additional 588,327 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of D. R. Horton by 5.2% in the 3rd quarter. Legal & General Group Plc now owns 1,734,225 shares of the construction company’s stock valued at $69,244,000 after purchasing an additional 85,163 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of D. R. Horton by 1.6% in the 3rd quarter. Swiss National Bank now owns 1,312,874 shares of the construction company’s stock valued at $52,423,000 after purchasing an additional 20,300 shares during the last quarter. 83.34% of the stock is currently owned by hedge funds and other institutional investors.
D. R. Horton (NYSE:DHI) traded down $1.71 during mid-day trading on Friday, reaching $46.37. 7,539,446 shares of the company were exchanged, compared to its average volume of 4,609,423. The firm has a market cap of $17,863.76, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.30 and a beta of 1.09. D. R. Horton has a twelve month low of $29.29 and a twelve month high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 7.03.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Thursday, February 22nd. D. R. Horton’s payout ratio is 18.73%.
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D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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