D.R. Horton (DHI) Set to Announce Quarterly Earnings on Thursday
D.R. Horton (NYSE:DHI) will be announcing its Q314 earnings results on Thursday, July 24th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $2.08 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.
D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts expect D.R. Horton to post $1.73 EPS for the current fiscal year and $2.03 EPS for the next fiscal year.
Shares of D.R. Horton (NYSE:DHI) opened at 24.30 on Wednesday. D.R. Horton has a one year low of $17.52 and a one year high of $25.23. The stock has a 50-day moving average of $24.05 and a 200-day moving average of $22.91. The company has a market cap of $7.904 billion and a P/E ratio of 15.39.
Several analysts have recently commented on the stock. Analysts at JMP Securities downgraded shares of D.R. Horton from a “market outperform” rating to a “market perform” rating in a research note on Thursday, July 10th. On the ratings front, analysts at Barclays raised their price target on shares of D.R. Horton from $28.00 to $34.00 in a research note on Monday, June 30th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital upgraded shares of D.R. Horton from a “sector perform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $27.00 price target on the stock, up previously from $26.00. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.91.
D.R. Horton, Inc is the homebuilding companies in the United States. The Company constructs and sells homes through its operating divisions in 27 states and 78 metropolitan markets of the United States, primarily under the name of D.
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