Equities analysts expect that D. R. Horton Inc (NYSE:DHI) will announce $4.33 billion in sales for the current fiscal quarter, according to Zacks. Twenty analysts have issued estimates for D. R. Horton’s earnings. The highest sales estimate is $4.55 billion and the lowest is $4.22 billion. D. R. Horton reported sales of $3.78 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 14.6%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, July 26th.
On average, analysts expect that D. R. Horton will report full-year sales of $16.16 billion for the current financial year, with estimates ranging from $15.62 billion to $16.51 billion. For the next year, analysts anticipate that the business will post sales of $18.09 billion per share, with estimates ranging from $17.08 billion to $19.18 billion. Zacks’ sales averages are an average based on a survey of analysts that follow D. R. Horton.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Thursday, April 26th. The construction company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.05. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.77 billion. D. R. Horton had a return on equity of 15.83% and a net margin of 7.58%. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS.
Several brokerages have weighed in on DHI. Mizuho restated a “hold” rating and set a $47.00 price target on shares of D. R. Horton in a report on Thursday, March 22nd. Citigroup cut their price target on D. R. Horton from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, June 20th. ValuEngine downgraded D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Credit Suisse Group set a $55.00 price target on D. R. Horton and gave the stock a “buy” rating in a report on Thursday, April 26th. Finally, Wedbush upgraded D. R. Horton from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $43.44 to $50.00 in a report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $51.44.
Shares of DHI stock traded up $0.37 on Friday, hitting $40.46. The stock had a trading volume of 5,000,411 shares, compared to its average volume of 4,637,231. The company has a current ratio of 7.36, a quick ratio of 1.07 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $15.27 billion, a PE ratio of 14.77, a P/E/G ratio of 1.03 and a beta of 1.12. D. R. Horton has a 1 year low of $33.58 and a 1 year high of $53.32.
Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of D. R. Horton by 61.1% during the 1st quarter. JPMorgan Chase & Co. now owns 5,846,128 shares of the construction company’s stock worth $256,293,000 after acquiring an additional 2,216,643 shares in the last quarter. Millennium Management LLC boosted its position in shares of D. R. Horton by 309.9% in the 4th quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock valued at $258,061,000 after purchasing an additional 3,820,298 shares during the period. Allianz Asset Management GmbH boosted its position in shares of D. R. Horton by 51.9% in the 1st quarter. Allianz Asset Management GmbH now owns 3,650,088 shares of the construction company’s stock valued at $160,020,000 after purchasing an additional 1,246,363 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of D. R. Horton by 20.4% in the 1st quarter. Wedge Capital Management L L P NC now owns 3,197,973 shares of the construction company’s stock valued at $140,199,000 after purchasing an additional 541,609 shares during the period. Finally, Marble Arch Investments LP boosted its position in shares of D. R. Horton by 35.9% in the 1st quarter. Marble Arch Investments LP now owns 2,560,995 shares of the construction company’s stock valued at $112,274,000 after purchasing an additional 676,695 shares during the period. 82.70% of the stock is owned by institutional investors and hedge funds.
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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