D. R. Horton (NYSE:DHI) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

D. R. Horton (NYSE:DHI) issued its quarterly earnings data on Tuesday. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.10, RTT News reports. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $4.86 billion. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.22 EPS.

Shares of D. R. Horton stock traded up $0.61 on Thursday, hitting $54.94. The company’s stock had a trading volume of 259,091 shares, compared to its average volume of 4,476,704. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 6.91. D. R. Horton has a 1 year low of $32.39 and a 1 year high of $55.67. The firm has a fifty day moving average price of $52.59 and a 200-day moving average price of $47.63. The company has a market capitalization of $19.47 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.04 and a beta of 1.01.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Wednesday, November 27th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, November 26th. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.15. D. R. Horton’s payout ratio is currently 13.99%.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on D. R. Horton from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Wednesday. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. JMP Securities boosted their price objective on D. R. Horton from $55.00 to $58.00 and gave the company a “market outperform” rating in a report on Wednesday. Wells Fargo & Co reissued an “outperform” rating and issued a $67.00 price objective (up previously from $54.00) on shares of D. R. Horton in a report on Wednesday. Finally, SunTrust Banks assumed coverage on D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. D. R. Horton has an average rating of “Buy” and a consensus price target of $51.73.

In related news, Director Michael W. Hewatt sold 7,000 shares of D. R. Horton stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.87% of the stock is owned by insiders.

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.

See Also: Leveraged Buyout (LBO)

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

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