Brokerages expect D. R. Horton Inc (NYSE:DHI) to post earnings per share (EPS) of $1.24 for the current fiscal quarter, Zacks Investment Research reports. Eighteen analysts have issued estimates for D. R. Horton’s earnings. The lowest EPS estimate is $1.14 and the highest is $1.30. D. R. Horton reported earnings per share of $1.22 during the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The firm is scheduled to announce its next earnings results on Thursday, November 14th.
On average, analysts expect that D. R. Horton will report full-year earnings of $4.17 per share for the current fiscal year, with EPS estimates ranging from $3.89 to $4.25. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.57 per share, with EPS estimates ranging from $4.20 to $5.14. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow D. R. Horton.
D. R. Horton (NYSE:DHI) last issued its quarterly earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.20. The firm had revenue of $4.91 billion during the quarter, compared to the consensus estimate of $4.52 billion. D. R. Horton had a net margin of 9.26% and a return on equity of 16.71%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 EPS.
In other news, Director Michael R. Buchanan sold 5,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the transaction, the director now owns 32,076 shares of the company’s stock, valued at $1,481,269.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. 6.87% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Focused Wealth Management Inc bought a new position in D. R. Horton during the 1st quarter valued at $25,000. Front Row Advisors LLC lifted its stake in D. R. Horton by 873.5% during the 1st quarter. Front Row Advisors LLC now owns 808 shares of the construction company’s stock valued at $33,000 after acquiring an additional 725 shares in the last quarter. Ropes Wealth Advisors LLC bought a new position in D. R. Horton during the 1st quarter valued at $37,000. Parallel Advisors LLC lifted its stake in D. R. Horton by 64.5% during the 1st quarter. Parallel Advisors LLC now owns 903 shares of the construction company’s stock valued at $37,000 after acquiring an additional 354 shares in the last quarter. Finally, Cornerstone Advisors Inc. lifted its stake in D. R. Horton by 268.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after acquiring an additional 684 shares in the last quarter. 87.80% of the stock is owned by institutional investors.
DHI traded down $0.39 during midday trading on Thursday, hitting $46.97. The company had a trading volume of 3,286,156 shares, compared to its average volume of 5,119,293. D. R. Horton has a twelve month low of $32.39 and a twelve month high of $48.38. The firm’s 50-day simple moving average is $45.25 and its 200-day simple moving average is $43.26. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. The company has a market capitalization of $17.38 billion, a PE ratio of 11.48, a P/E/G ratio of 1.03 and a beta of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Monday, August 12th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.28%. D. R. Horton’s dividend payout ratio (DPR) is currently 14.67%.
D. R. Horton Company Profile
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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