Equities research analysts expect that D. R. Horton Inc (NYSE:DHI) will post $3.49 billion in sales for the current quarter, Zacks Investment Research reports. Nineteen analysts have provided estimates for D. R. Horton’s earnings. The lowest sales estimate is $3.30 billion and the highest is $3.67 billion. D. R. Horton reported sales of $3.33 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that D. R. Horton will report full year sales of $17.18 billion for the current financial year, with estimates ranging from $14.49 billion to $18.12 billion. For the next fiscal year, analysts expect that the business will report sales of $18.23 billion, with estimates ranging from $14.48 billion to $20.23 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow D. R. Horton.
D. R. Horton (NYSE:DHI) last issued its earnings results on Thursday, November 8th. The construction company reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The company had revenue of $4.51 billion during the quarter, compared to analyst estimates of $4.56 billion. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $0.82 EPS.
DHI has been the subject of several analyst reports. JMP Securities set a $44.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research note on Wednesday, November 21st. Royal Bank of Canada set a $38.00 price objective on shares of D. R. Horton and gave the company a “hold” rating in a research note on Friday, November 9th. Bank of America set a $65.00 price objective on shares of D. R. Horton and gave the company a “buy” rating in a research note on Thursday, October 11th. ValuEngine lowered shares of D. R. Horton from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Mizuho set a $40.00 price objective on shares of D. R. Horton and gave the company a “hold” rating in a research note on Thursday, November 15th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. D. R. Horton currently has a consensus rating of “Buy” and an average price target of $47.86.
In other D. R. Horton news, CFO Bill W. Wheat sold 12,892 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $37.71, for a total transaction of $486,157.32. Following the completion of the transaction, the chief financial officer now owns 145,180 shares of the company’s stock, valued at approximately $5,474,737.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 7.20% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in DHI. Janney Montgomery Scott LLC increased its holdings in shares of D. R. Horton by 60.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 22,256 shares of the construction company’s stock worth $913,000 after purchasing an additional 8,377 shares during the period. Piedmont Investment Advisors LLC bought a new position in shares of D. R. Horton during the 2nd quarter worth about $162,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of D. R. Horton during the 2nd quarter worth about $1,714,000. Jennison Associates LLC bought a new position in shares of D. R. Horton during the 2nd quarter worth about $680,000. Finally, Virginia Retirement Systems ET AL increased its holdings in shares of D. R. Horton by 58.1% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 277,700 shares of the construction company’s stock worth $11,386,000 after purchasing an additional 102,100 shares during the period. 79.23% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:DHI opened at $36.46 on Friday. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.69 and a beta of 1.25. D. R. Horton has a 12-month low of $32.53 and a 12-month high of $53.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 7.25 and a quick ratio of 1.31.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a dividend of $0.15 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.65%. D. R. Horton’s payout ratio is currently 14.67%.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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