D.R. Horton Receives Average Rating of “Hold” from Analysts (NYSE:DHI)
D.R. Horton (NYSE:DHI) has been given an average rating of “Hold” by the seventeen ratings firms that are covering the stock, AnalystRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $24.91.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of D.R. Horton in a research note on Friday, July 25th. They now have a $21.00 price target on the stock, down previously from $23.00. Separately, analysts at Barclays cut their price target on shares of D.R. Horton from $34.00 to $31.00 in a research note on Friday, July 25th. They now have an “overweight” rating on the stock. Finally, analysts at MKM Partners downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $24.00 price target on the stock, down previously from $27.00.
D.R. Horton (NYSE:DHI) opened at 20.70 on Monday. D.R. Horton has a 52 week low of $17.52 and a 52 week high of $25.23. The stock’s 50-day moving average is $23.59 and its 200-day moving average is $22.91. The company has a market cap of $7.545 billion and a price-to-earnings ratio of 14.41.
D.R. Horton (NYSE:DHI) last announced its earnings results on Thursday, July 24th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.17. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted $0.42 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, analysts predict that D.R. Horton will post $1.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.0625 per share. This represents a $0.25 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Wednesday, August 6th. This is a positive change from D.R. Horton’s previous quarterly dividend of $0.04.
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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