$3.75 Billion in Sales Expected for D. R. Horton (DHI) This Quarter

Equities analysts forecast that D. R. Horton (NYSE:DHI) will report sales of $3.75 billion for the current fiscal quarter, Zacks Investment Research reports. Twenty One analysts have issued estimates for D. R. Horton’s earnings, with the lowest sales estimate coming in at $3.55 billion and the highest estimate coming in at $3.85 billion. D. R. Horton posted sales of $3.25 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 15.4%. The firm is expected to issue its next earnings results before the market opens on Thursday, April 26th.

On average, analysts expect that D. R. Horton will report full year sales of $16.15 billion for the current year, with estimates ranging from $15.50 billion to $16.76 billion. For the next fiscal year, analysts anticipate that the business will report sales of $18.12 billion per share, with estimates ranging from $16.57 billion to $19.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover D. R. Horton.

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

Several analysts recently issued reports on DHI shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $52.00 target price on shares of D. R. Horton in a research note on Wednesday, March 21st. Royal Bank of Canada reissued a “buy” rating and issued a $58.00 target price on shares of D. R. Horton in a research note on Monday, February 5th. Wedbush reaffirmed an “outperform” rating and set a $50.00 price objective on shares of D. R. Horton in a research report on Friday, March 23rd. Mizuho set a $56.00 price objective on D. R. Horton and gave the company a “hold” rating in a research report on Thursday, January 18th. Finally, ValuEngine raised D. R. Horton from a “hold” rating to a “buy” rating in a research report on Friday, March 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. D. R. Horton currently has an average rating of “Buy” and a consensus target price of $51.88.

In other news, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $47.77, for a total transaction of $175,172.59. Following the completion of the transaction, the director now directly owns 11,317 shares in the company, valued at $540,613.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara K. Allen sold 2,423 shares of D. R. Horton stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $45.73, for a total transaction of $110,803.79. Following the transaction, the director now owns 5,650 shares of the company’s stock, valued at $258,374.50. The disclosure for this sale can be found here. Insiders have sold 245,602 shares of company stock valued at $10,828,080 over the last quarter. Company insiders own 7.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its holdings in shares of D. R. Horton by 5.9% during the fourth quarter. Macquarie Group Ltd. now owns 379,554 shares of the construction company’s stock valued at $21,075,000 after purchasing an additional 21,123 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $28,543,000. UBS Asset Management Americas Inc. lifted its holdings in shares of D. R. Horton by 2.1% during the fourth quarter. UBS Asset Management Americas Inc. now owns 1,018,813 shares of the construction company’s stock valued at $52,031,000 after purchasing an additional 20,599 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of D. R. Horton by 179.8% during the fourth quarter. Koshinski Asset Management Inc. now owns 45,068 shares of the construction company’s stock valued at $2,302,000 after purchasing an additional 28,959 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of D. R. Horton during the fourth quarter valued at approximately $56,286,000. Hedge funds and other institutional investors own 84.57% of the company’s stock.

Shares of NYSE DHI traded down $0.75 during trading hours on Friday, hitting $43.01. The company’s stock had a trading volume of 4,822,954 shares, compared to its average volume of 4,831,574. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market capitalization of $17,130.70, a PE ratio of 15.70, a PEG ratio of 1.19 and a beta of 1.12. D. R. Horton has a 12 month low of $31.98 and a 12 month high of $53.32.

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About D. R. Horton

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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