Dream Finders Homes (NASDAQ:DFH) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Dream Finders Homes (NASDAQ:DFHGet Rating) released its earnings results on Thursday. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.55 by $0.05, Briefing.com reports. The firm had revenue of $793.13 million during the quarter, compared to analysts’ expectations of $683.54 million. Dream Finders Homes had a return on equity of 46.21% and a net margin of 6.84%. Dream Finders Homes’s revenue for the quarter was up 117.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS.

Dream Finders Homes Price Performance

DFH opened at $12.62 on Friday. The stock has a market cap of $1.17 billion, a P/E ratio of 7.13, a P/E/G ratio of 0.29 and a beta of 1.24. The stock’s 50 day simple moving average is $13.01 and its 200 day simple moving average is $16.52. Dream Finders Homes has a 1-year low of $9.60 and a 1-year high of $24.90.

Institutional Investors Weigh In On Dream Finders Homes

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. grew its holdings in shares of Dream Finders Homes by 148.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,856 shares of the company’s stock worth $49,000 after acquiring an additional 1,706 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Dream Finders Homes by 2.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 91,690 shares of the company’s stock valued at $1,567,000 after buying an additional 2,170 shares during the last quarter. Bank of America Corp DE grew its holdings in Dream Finders Homes by 92.2% during the 1st quarter. Bank of America Corp DE now owns 5,467 shares of the company’s stock valued at $94,000 after buying an additional 2,623 shares during the last quarter. Swiss National Bank grew its holdings in Dream Finders Homes by 7.4% during the 1st quarter. Swiss National Bank now owns 42,000 shares of the company’s stock valued at $717,000 after buying an additional 2,900 shares during the last quarter. Finally, State Street Corp grew its holdings in Dream Finders Homes by 5.1% during the 1st quarter. State Street Corp now owns 67,153 shares of the company’s stock valued at $1,147,000 after buying an additional 3,236 shares during the last quarter. Institutional investors and hedge funds own 17.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. TheStreet cut Dream Finders Homes from a “c-” rating to a “d” rating in a research report on Monday, July 18th. Bank of America downgraded Dream Finders Homes from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $10.50 in a report on Friday, June 17th.

Dream Finders Homes Company Profile

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Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

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Earnings History for Dream Finders Homes (NASDAQ:DFH)

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