Wall Street brokerages expect that D. R. Horton Inc (NYSE:DHI) will report $4.84 billion in sales for the current quarter, Zacks Investment Research reports. Eighteen analysts have made estimates for D. R. Horton’s earnings. The lowest sales estimate is $4.73 billion and the highest is $4.95 billion. D. R. Horton reported sales of $4.49 billion during the same quarter last year, which indicates a positive year over year growth rate of 7.8%. The business is expected to announce its next earnings report before the market opens on Tuesday, November 12th.
On average, analysts expect that D. R. Horton will report full year sales of $17.34 billion for the current fiscal year, with estimates ranging from $17.21 billion to $17.49 billion. For the next financial year, analysts forecast that the business will report sales of $18.44 billion, with estimates ranging from $17.98 billion to $19.50 billion. Zacks’ sales averages are an average based on a survey of research analysts that follow D. R. Horton.
D. R. Horton (NYSE:DHI) last posted its quarterly earnings data on Tuesday, July 30th. The construction company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The company had revenue of $4.91 billion for the quarter, compared to analysts’ expectations of $4.52 billion. During the same period in the previous year, the firm posted $1.18 EPS. D. R. Horton’s revenue was up 10.6% compared to the same quarter last year.
Several equities research analysts recently issued reports on the company. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a report on Thursday, October 10th. Seaport Global Securities assumed coverage on D. R. Horton in a report on Friday, August 23rd. They issued a “buy” rating and a $59.00 price objective on the stock. JMP Securities lifted their price objective on D. R. Horton from $49.00 to $52.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 17th. SunTrust Banks assumed coverage on D. R. Horton in a report on Monday, August 12th. They issued a “buy” rating and a $56.00 price objective on the stock. Finally, Barclays lifted their price objective on D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $48.23.
In other D. R. Horton news, Director Michael W. Hewatt sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $49.45, for a total value of $346,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael R. Buchanan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $46.18, for a total value of $230,900.00. Following the completion of the sale, the director now directly owns 32,076 shares in the company, valued at approximately $1,481,269.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,500 shares of company stock worth $937,350. Corporate insiders own 6.87% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DHI. NuWave Investment Management LLC boosted its stake in D. R. Horton by 97.7% in the third quarter. NuWave Investment Management LLC now owns 690 shares of the construction company’s stock valued at $36,000 after acquiring an additional 341 shares in the last quarter. Cornerstone Advisors Inc. boosted its stake in D. R. Horton by 268.2% in the second quarter. Cornerstone Advisors Inc. now owns 939 shares of the construction company’s stock valued at $40,000 after acquiring an additional 684 shares in the last quarter. Ibex Wealth Advisors acquired a new position in D. R. Horton in the second quarter valued at $41,000. Motco purchased a new stake in shares of D. R. Horton in the second quarter valued at about $41,000. Finally, CSat Investment Advisory L.P. raised its holdings in shares of D. R. Horton by 122.8% in the second quarter. CSat Investment Advisory L.P. now owns 1,161 shares of the construction company’s stock valued at $50,000 after buying an additional 640 shares during the last quarter. Institutional investors own 86.20% of the company’s stock.
DHI stock traded down $1.89 during trading on Friday, hitting $51.82. The stock had a trading volume of 4,247,424 shares, compared to its average volume of 4,859,011. The company has a debt-to-equity ratio of 0.35, a current ratio of 6.91 and a quick ratio of 0.94. D. R. Horton has a twelve month low of $32.39 and a twelve month high of $54.42. The stock has a market capitalization of $19.72 billion, a P/E ratio of 12.67, a PEG ratio of 1.07 and a beta of 1.04. The company’s 50-day moving average price is $51.82 and its two-hundred day moving average price is $47.01.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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