$1.24 Earnings Per Share Expected for D. R. Horton Inc (NYSE:DHI) This Quarter

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.



A number of research analysts have weighed in on the stock. Royal Bank of Canada set a $46.00 price target on shares of D. R. Horton and gave the company a “hold” rating in a research note on Wednesday, July 31st. SunTrust Banks assumed coverage on shares of D. R. Horton in a report on Monday. They set a “buy” rating and a $56.00 target price on the stock. Barclays boosted their target price on shares of D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Buckingham Research upped their price objective on shares of D. R. Horton from $53.00 to $55.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods cut shares of D. R. Horton from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $45.66 to $37.30 in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $48.42.

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.

Recommended Story: Asset Allocation and Your Retirement

Get a free copy of the Zacks research report on D. R. Horton (DHI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for D. R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D. R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.