D.R. Horton, Inc. Expected to Earn Q1 2018 Earnings of $0.60 Per Share (DHI)
D.R. Horton, Inc. (NYSE:DHI) – Investment analysts at Keefe, Bruyette & Woods dropped their Q1 2018 earnings per share (EPS) estimates for shares of D.R. Horton in a research note issued to investors on Tuesday. Keefe, Bruyette & Woods analyst J. Rahmani now expects that the construction company will post earnings per share of $0.60 for the quarter, down from their prior estimate of $0.61. Keefe, Bruyette & Woods currently has a “Buy” rating and a $38.00 price target on the stock. Keefe, Bruyette & Woods also issued estimates for D.R. Horton’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.87 EPS and Q4 2018 earnings at $0.92 EPS.
Other analysts have also recently issued research reports about the company. Wells Fargo & Company reissued an “outperform” rating and issued a $41.00 price objective (up previously from $39.00) on shares of D.R. Horton in a research report on Monday, July 10th. Credit Suisse Group assumed coverage on D.R. Horton in a research report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 target price on the stock. Wedbush upped their target price on D.R. Horton from $36.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Bank of America Corporation reiterated a “buy” rating and issued a $42.00 price target (up from $41.00) on shares of D.R. Horton in a research note on Tuesday, June 27th. Finally, Royal Bank Of Canada increased their price target on D.R. Horton from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $36.85.
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D.R. Horton (NYSE DHI) traded up 0.42% during trading on Wednesday, reaching $40.44. The company had a trading volume of 673,259 shares. The stock has a 50 day moving average of $36.85 and a 200-day moving average of $34.88. The stock has a market capitalization of $15.14 billion, a P/E ratio of 15.15 and a beta of 1.24. D.R. Horton has a 12-month low of $26.69 and a 12-month high of $40.64.
D.R. Horton (NYSE:DHI) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The company had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year.
D.R. Horton announced that its board has approved a stock repurchase program on Wednesday, July 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In related news, Director Michael R. Buchanan sold 9,000 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $37.06, for a total transaction of $333,540.00. Following the completion of the transaction, the director now directly owns 24,880 shares in the company, valued at $922,052.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bradley S. Anderson sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $37.46, for a total transaction of $374,600.00. Following the transaction, the director now owns 36,828 shares of the company’s stock, valued at $1,379,576.88. The disclosure for this sale can be found here. Insiders sold 24,666 shares of company stock worth $912,606 in the last quarter. Company insiders own 7.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. raised its stake in shares of D.R. Horton by 7.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 894,142 shares of the construction company’s stock valued at $29,784,000 after buying an additional 61,364 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of D.R. Horton by 3.4% in the 1st quarter. Pacer Advisors Inc. now owns 6,082 shares of the construction company’s stock valued at $203,000 after buying an additional 198 shares during the period. KBC Group NV lifted its holdings in shares of D.R. Horton by 4.4% in the 1st quarter. KBC Group NV now owns 30,773 shares of the construction company’s stock valued at $1,025,000 after buying an additional 1,310 shares during the period. Stifel Financial Corp lifted its holdings in shares of D.R. Horton by 16.4% in the 1st quarter. Stifel Financial Corp now owns 53,435 shares of the construction company’s stock valued at $1,785,000 after buying an additional 7,540 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of D.R. Horton by 23.3% in the 1st quarter. Victory Capital Management Inc. now owns 655,372 shares of the construction company’s stock valued at $21,830,000 after buying an additional 123,903 shares during the period. 82.29% of the stock is currently owned by institutional investors.
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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