Dream Finders Homes (NASDAQ:DFH) Issues Earnings Results

Dream Finders Homes (NASDAQ:DFH) posted its quarterly earnings data on Thursday. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04, Zacks reports. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a return on equity of 34.21% and a net margin of 8.00%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share.

Dream Finders Homes Stock Down 7.1 %

Shares of NASDAQ:DFH traded down $2.16 on Friday, hitting $28.25. 512,382 shares of the company traded hands, compared to its average volume of 457,736. Dream Finders Homes has a 52 week low of $18.29 and a 52 week high of $44.38. The stock has a 50 day simple moving average of $27.67 and a 200-day simple moving average of $32.55. The company has a market cap of $2.63 billion, a PE ratio of 9.58, a PEG ratio of 0.64 and a beta of 1.89.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 49,345 shares of Dream Finders Homes stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $31.24, for a total value of $1,541,537.80. Following the completion of the sale, the chief executive officer now directly owns 1,156,633 shares in the company, valued at approximately $36,133,214.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,581 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $25.18, for a total value of $165,709.58. Following the transaction, the chief executive officer now directly owns 1,209,478 shares of the company’s stock, valued at $30,454,656.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick O. Zalupski sold 49,345 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $31.24, for a total value of $1,541,537.80. Following the completion of the transaction, the chief executive officer now directly owns 1,156,633 shares in the company, valued at $36,133,214.92. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,536 shares of company stock worth $4,049,063. 70.45% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have issued reports on DFH. Wedbush reiterated a “neutral” rating and issued a $24.00 price objective on shares of Dream Finders Homes in a report on Thursday, May 2nd. Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price target for the company in a report on Monday, May 13th.

Dream Finders Homes Company Profile

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.