Zacks: Analysts Anticipate D. R. Horton (DHI) Will Announce Earnings of $0.86 Per Share

Equities research analysts predict that D. R. Horton (NYSE:DHI) will report earnings per share of $0.86 for the current quarter, according to Zacks Investment Research. Twenty One analysts have issued estimates for D. R. Horton’s earnings, with the highest EPS estimate coming in at $0.91 and the lowest estimate coming in at $0.81. D. R. Horton posted earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 43.3%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that D. R. Horton will report full-year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.76. For the next year, analysts expect that the company will report earnings of $4.31 per share, with EPS estimates ranging from $3.27 to $4.94. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow D. R. Horton.

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D. R. Horton (NYSE:DHI) last issued its earnings results on Wednesday, January 31st. The construction company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year.

DHI has been the subject of a number of research analyst reports. BTIG Research increased their target price on shares of D. R. Horton to $62.00 in a report on Thursday, December 14th. UBS reaffirmed a “buy” rating and issued a $58.00 target price (up from $53.00) on shares of D. R. Horton in a report on Wednesday, January 17th. ValuEngine cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Barclays increased their target price on shares of D. R. Horton from $50.00 to $52.00 and gave the company an “equal weight” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada raised their price objective on shares of D. R. Horton to $57.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $51.88.

D. R. Horton stock traded up $0.35 during mid-day trading on Friday, reaching $44.57. The company had a trading volume of 739,487 shares, compared to its average volume of 4,813,917. D. R. Horton has a 1 year low of $31.98 and a 1 year high of $53.32. The company has a current ratio of 7.03, a quick ratio of 0.92 and a debt-to-equity ratio of 0.40. The stock has a market cap of $16,735.98, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12.

In other D. R. Horton news, Chairman Donald R. Horton sold 178,200 shares of D. R. Horton stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $44.06, for a total value of $7,851,492.00. Following the completion of the sale, the chairman now directly owns 23,232,112 shares of the company’s stock, valued at approximately $1,023,606,854.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bill W. Wheat sold 2,670 shares of D. R. Horton stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $45.01, for a total transaction of $120,176.70. Following the completion of the sale, the chief financial officer now directly owns 101,874 shares of the company’s stock, valued at $4,585,348.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 245,602 shares of company stock valued at $10,828,080. Corporate insiders own 7.20% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in DHI. Buckingham Capital Management Inc. grew its stake in D. R. Horton by 5.3% in the 3rd quarter. Buckingham Capital Management Inc. now owns 24,650 shares of the construction company’s stock worth $984,000 after acquiring an additional 1,240 shares during the period. Stifel Financial Corp boosted its holdings in shares of D. R. Horton by 46.1% in the 3rd quarter. Stifel Financial Corp now owns 82,827 shares of the construction company’s stock valued at $3,315,000 after purchasing an additional 26,132 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its holdings in shares of D. R. Horton by 0.9% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 297,260 shares of the construction company’s stock valued at $11,869,000 after purchasing an additional 2,622 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of D. R. Horton by 154.1% in the 3rd quarter. Janus Henderson Group PLC now owns 241,320 shares of the construction company’s stock valued at $9,636,000 after purchasing an additional 146,351 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of D. R. Horton by 982.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 541,109 shares of the construction company’s stock valued at $21,606,000 after purchasing an additional 491,109 shares during the last quarter. 84.66% of the stock is owned by hedge funds and other institutional investors.

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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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Earnings History and Estimates for D. R. Horton (NYSE:DHI)

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