Wall Street analysts forecast that D. R. Horton Inc (NYSE:DHI) will announce sales of $3.28 billion for the current quarter, Zacks reports. Twenty analysts have issued estimates for D. R. Horton’s earnings. The highest sales estimate is $3.42 billion and the lowest is $3.20 billion. D. R. Horton reported sales of $2.90 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The business is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, January 31st.
On average, analysts expect that D. R. Horton will report full-year sales of $3.28 billion for the current fiscal year, with estimates ranging from $15.83 billion to $16.61 billion. For the next year, analysts forecast that the firm will report sales of $18.14 billion per share, with estimates ranging from $17.04 billion to $19.11 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover D. R. Horton.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Thursday, November 9th. The construction company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). D. R. Horton had a net margin of 7.37% and a return on equity of 14.13%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $4 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year.
Several equities analysts have issued reports on the company. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a research report on Thursday. UBS Group reiterated a “buy” rating and issued a $58.00 price objective (up previously from $53.00) on shares of D. R. Horton in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $56.00 price objective on shares of D. R. Horton in a research report on Tuesday, January 9th. ValuEngine downgraded D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Royal Bank of Canada boosted their target price on 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, nine have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.71.
In related news, Director Michael W. Hewatt sold 2,000 shares of D. R. Horton stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.86, for a total transaction of $95,720.00. Following the completion of the sale, the director now directly owns 6,000 shares of the company’s stock, valued at $287,160. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Bill W. Wheat sold 19,677 shares of D. R. Horton stock in a transaction on Friday, November 24th. The stock was sold at an average price of $49.65, for a total value of $976,963.05. Following the sale, the chief financial officer now directly owns 100,081 shares of the company’s stock, valued at $4,969,021.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 28,677 shares of company stock valued at $1,410,293. 7.20% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Gruss Capital Management LP acquired a new position in D. R. Horton in the third quarter valued at about $35,342,000. Junto Capital Management LP acquired a new position in D. R. Horton in the second quarter valued at about $29,747,000. PDT Partners LLC acquired a new position in D. R. Horton in the second quarter valued at about $24,522,000. Impala Asset Management LLC grew its stake in D. R. Horton by 278.8% in the third quarter. Impala Asset Management LLC now owns 952,631 shares of the construction company’s stock valued at $38,039,000 after acquiring an additional 701,113 shares during the period. Finally, HAP Trading LLC grew its stake in D. R. Horton by 574.0% in the third quarter. HAP Trading LLC now owns 713,870 shares of the construction company’s stock valued at $28,505,000 after acquiring an additional 607,951 shares during the period. 83.94% of the stock is owned by institutional investors and hedge funds.
D. R. Horton (NYSE:DHI) opened at $51.48 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.93 and a quick ratio of 1.02. D. R. Horton has a 52-week low of $27.97 and a 52-week high of $53.32. The stock has a market capitalization of $19,153.59, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 1.46 and a beta of 1.32.
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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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