Analysts Expect D. R. Horton (DHI) to Post $0.86 EPS

Analysts expect D. R. Horton (NYSE:DHI) to report earnings of $0.86 per share for the current fiscal quarter, Zacks reports. Twenty One analysts have made estimates for D. R. Horton’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.81. D. R. Horton posted earnings per share of $0.60 in the same quarter last year, which indicates a positive year over year growth rate of 43.3%. The company is scheduled to issue its next earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that D. R. Horton will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.76. For the next fiscal year, analysts anticipate that the business will report earnings of $4.31 per share, with EPS estimates ranging from $3.27 to $4.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow D. R. Horton.

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D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

A number of research analysts have recently weighed in on DHI shares. Royal Bank of Canada increased their target price on shares of D. R. Horton to $57.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. ValuEngine downgraded shares of D. R. Horton from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $56.00 target price on shares of D. R. Horton in a research report on Tuesday, January 9th. UBS reissued a “buy” rating and set a $58.00 target price (up from $53.00) on shares of D. R. Horton in a research report on Wednesday, January 17th. Finally, Mizuho set a $56.00 target price on shares of D. R. Horton and gave the company a “hold” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $51.88.

In related news, insider David V. Auld sold 4,986 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $45.00, for a total value of $224,370.00. Following the completion of the transaction, the insider now directly owns 223,485 shares of the company’s stock, valued at approximately $10,056,825. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael W. Hewatt sold 3,423 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $41.84, for a total transaction of $143,218.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 245,602 shares of company stock valued at $10,828,080. 6.74% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. purchased a new stake in D. R. Horton in the 4th quarter worth approximately $110,000. Calton & Associates Inc. purchased a new stake in D. R. Horton in the 4th quarter worth approximately $193,000. Tiemann Investment Advisors LLC purchased a new stake in D. R. Horton in the 4th quarter worth approximately $203,000. Gofen & Glossberg LLC IL purchased a new stake in D. R. Horton in the 4th quarter worth approximately $204,000. Finally, Court Place Advisors LLC purchased a new stake in D. R. Horton in the 4th quarter worth approximately $204,000. 84.57% of the stock is owned by institutional investors.

Shares of DHI stock opened at $44.48 on Friday. D. R. Horton has a 52-week low of $31.98 and a 52-week high of $53.32. The company has a quick ratio of 0.92, a current ratio of 7.03 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $16,720.95, a price-to-earnings ratio of 16.23, a PEG ratio of 1.16 and a beta of 1.12.

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

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