D.R. Horton, Inc. Forecasted to Earn Q2 2018 Earnings of $0.69 Per Share (DHI)
D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Wedbush increased their Q2 2018 EPS estimates for shares of D.R. Horton in a report issued on Thursday. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings of $0.69 per share for the quarter, up from their prior forecast of $0.68. Wedbush has a “Outperform” rating and a $42.00 price objective on the stock. Wedbush also issued estimates for D.R. Horton’s FY2018 earnings at $3.16 EPS.
D.R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. D.R. Horton had a return on equity of 14.19% and a net margin of 7.38%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company earned $0.66 EPS. COPYRIGHT VIOLATION WARNING: “D.R. Horton, Inc. Forecasted to Earn Q2 2018 Earnings of $0.69 Per Share (DHI)” was first reported by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/15/d-r-horton-inc-forecasted-to-earn-q2-2018-earnings-of-0-69-per-share-dhi.html.
Other equities analysts also recently issued reports about the company. Wells Fargo & Company restated an “outperform” rating and set a $41.00 price target (up from $39.00) on shares of D.R. Horton in a research note on Monday, July 10th. Credit Suisse Group assumed coverage on D.R. Horton in a research note on Thursday, June 22nd. They set an “outperform” rating and a $38.00 price target for the company. Bank of America Corporation restated a “buy” rating and set a $42.00 price target (up from $41.00) on shares of D.R. Horton in a research note on Tuesday, June 27th. Royal Bank Of Canada upped their price target on D.R. Horton from $37.00 to $42.00 and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Finally, BidaskClub upgraded D.R. Horton from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $36.59.
D.R. Horton (DHI) traded down 0.485% during trading on Friday, reaching $37.149. The company’s stock had a trading volume of 1,319,973 shares. The company’s 50-day moving average is $36.16 and its 200-day moving average is $34.37. D.R. Horton has a 1-year low of $26.69 and a 1-year high of $37.78. The company has a market capitalization of $13.90 billion, a P/E ratio of 13.919 and a beta of 1.24.
Several hedge funds have recently bought and sold shares of DHI. Acadian Asset Management LLC grew its stake in shares of D.R. Horton by 16,783.6% in the first quarter. Acadian Asset Management LLC now owns 11,312 shares of the construction company’s stock valued at $377,000 after buying an additional 11,245 shares in the last quarter. Strs Ohio grew its stake in shares of D.R. Horton by 8.4% in the first quarter. Strs Ohio now owns 29,503 shares of the construction company’s stock valued at $982,000 after buying an additional 2,287 shares in the last quarter. LSV Asset Management acquired a new stake in shares of D.R. Horton in the first quarter valued at about $356,000. American Century Companies Inc. acquired a new stake in shares of D.R. Horton in the first quarter valued at about $9,818,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of D.R. Horton by 60.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 38,148 shares of the construction company’s stock valued at $1,308,000 after buying an additional 14,299 shares in the last quarter. Institutional investors and hedge funds own 82.31% of the company’s stock.
In other news, Director Michael W. Hewatt sold 4,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $36.11, for a total value of $144,440.00. Following the completion of the sale, the director now owns 8,000 shares in the company, valued at $288,880. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley S. Anderson sold 10,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total value of $374,600.00. Following the completion of the sale, the director now owns 36,828 shares of the company’s stock, valued at approximately $1,379,576.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,666 shares of company stock valued at $579,066. Insiders own 7.20% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.07%. D.R. Horton’s dividend payout ratio (DPR) is currently 15.04%.
D.R. Horton declared that its Board of Directors has approved a share repurchase plan on Wednesday, July 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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