D.R. Horton Inc. (DHI) Expected to Post FY2016 Earnings of $2.48 Per Share
D.R. Horton Inc. (NYSE:DHI) – Analysts at Wedbush issued their FY2016 earnings per share estimates for shares of D.R. Horton in a research report issued on Monday. Wedbush analyst J. Mccanless forecasts that the firm will earn $2.48 per share for the year. Wedbush has a “Outperform” rating and a $36.00 price target on the stock. Wedbush also issued estimates for D.R. Horton’s Q4 2016 earnings at $0.87 EPS, Q1 2017 earnings at $0.43 EPS, Q2 2017 earnings at $0.56 EPS, Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.99 EPS and FY2017 earnings at $2.72 EPS.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.25 billion. D.R. Horton had a net margin of 7.26% and a return on equity of 13.71%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.60 EPS.
A number of other equities analysts have also weighed in on DHI. JMP Securities restated a “buy” rating and set a $36.00 target price on shares of D.R. Horton in a research report on Wednesday, June 15th. Bank of America Corp. upgraded shares of D.R. Horton from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.05 to $36.00 in a research report on Tuesday, September 13th. RBC Capital Markets restated an “outperform” rating and set a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Credit Suisse Group AG restated a “hold” rating on shares of D.R. Horton in a research report on Tuesday, July 12th. Finally, Argus assumed coverage on shares of D.R. Horton in a research report on Friday, June 17th. They set a “buy” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. D.R. Horton presently has an average rating of “Hold” and a consensus target price of $32.56.
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Shares of D.R. Horton (NYSE:DHI) traded down 0.30% during midday trading on Wednesday, hitting $29.85. 1,617,326 shares of the stock were exchanged. The firm has a 50 day moving average of $31.68 and a 200-day moving average of $31.13. The stock has a market cap of $11.11 billion, a P/E ratio of 13.27 and a beta of 1.36. D.R. Horton has a 12 month low of $22.97 and a 12 month high of $34.56.
Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors Inc. boosted its position in shares of D.R. Horton by 61.6% in the first quarter. Teachers Advisors Inc. now owns 1,403,272 shares of the company’s stock valued at $42,421,000 after buying an additional 534,703 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of D.R. Horton by 14.1% in the first quarter. TIAA CREF Investment Management LLC now owns 1,683,684 shares of the company’s stock valued at $50,898,000 after buying an additional 207,854 shares during the last quarter. Pacad Investment Ltd. boosted its position in shares of D.R. Horton by 83.9% in the first quarter. Pacad Investment Ltd. now owns 73,489 shares of the company’s stock valued at $2,222,000 after buying an additional 33,534 shares during the last quarter. Alexandria Capital LLC boosted its position in shares of D.R. Horton by 139.6% in the first quarter. Alexandria Capital LLC now owns 469,808 shares of the company’s stock valued at $14,202,000 after buying an additional 273,733 shares during the last quarter. Finally, Aperio Group LLC boosted its position in shares of D.R. Horton by 1.7% in the first quarter. Aperio Group LLC now owns 141,013 shares of the company’s stock valued at $4,263,000 after buying an additional 2,335 shares during the last quarter. Institutional investors own 83.58% of the company’s stock.
In other D.R. Horton news, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $33.95, for a total transaction of $113,155.35. Following the transaction, the director now directly owns 8,983 shares in the company, valued at approximately $304,972.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael W. Hewatt sold 5,000 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the transaction, the director now owns 5,000 shares in the company, valued at $159,350. The disclosure for this sale can be found here. 7.17% of the stock is currently owned by insiders.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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