Dream Finders Homes (NASDAQ:DFH) Issues Quarterly Earnings Results

Dream Finders Homes (NASDAQ:DFH) posted its quarterly earnings results on Tuesday. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25, Briefing.com reports. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 earnings per share.

Dream Finders Homes Stock Up 1.1 %

DFH stock traded up $0.26 during trading on Thursday, hitting $24.23. The company had a trading volume of 16,013 shares, compared to its average volume of 431,866. The firm has a 50-day moving average price of $23.05 and a 200-day moving average price of $28.88. The firm has a market cap of $2.26 billion, a PE ratio of 7.97, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. Dream Finders Homes has a 1-year low of $20.54 and a 1-year high of $44.38.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 18,214 shares of Dream Finders Homes stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $27.46, for a total transaction of $500,156.44. Following the completion of the transaction, the chief executive officer now owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. The trade was a 0.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 70.45% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their price target on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.