Wall Street analysts expect that D. R. Horton Inc (NYSE:DHI) will report sales of $4.02 billion for the current fiscal quarter, according to Zacks Investment Research. Eighteen analysts have issued estimates for D. R. Horton’s earnings, with the highest sales estimate coming in at $4.12 billion and the lowest estimate coming in at $3.89 billion. D. R. Horton reported sales of $3.79 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.1%. The business is scheduled to report its next quarterly earnings results on Thursday, April 25th.

According to Zacks, analysts expect that D. R. Horton will report full year sales of $17.14 billion for the current year, with estimates ranging from $16.36 billion to $18.12 billion. For the next financial year, analysts expect that the business will post sales of $18.12 billion, with estimates ranging from $16.36 billion to $19.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow D. R. Horton.

D. R. Horton (NYSE:DHI) last announced its earnings results on Friday, January 25th. The construction company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). D. R. Horton had a net margin of 9.59% and a return on equity of 17.51%. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year.

DHI has been the subject of several research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $46.00 target price on shares of D. R. Horton in a research report on Friday, January 11th. Buckingham Research began coverage on D. R. Horton in a research note on Friday, January 11th. They issued a “buy” rating for the company. JMP Securities set a $44.00 price objective on D. R. Horton and gave the company a “buy” rating in a research note on Wednesday, November 21st. Raymond James raised D. R. Horton to a “buy” rating and set a $39.00 price objective for the company in a research note on Thursday, December 20th. Finally, Mizuho raised D. R. Horton from a “neutral” rating to a “buy” rating and raised their price objective for the company from $40.00 to $45.00 in a research note on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. D. R. Horton has a consensus rating of “Buy” and an average target price of $46.32.

Shares of D. R. Horton stock traded down $0.15 during trading hours on Monday, hitting $40.80. 4,011,245 shares of the company’s stock traded hands, compared to its average volume of 6,702,486. D. R. Horton has a 12-month low of $32.39 and a 12-month high of $47.00. The firm has a market cap of $15.46 billion, a PE ratio of 9.98, a P/E/G ratio of 0.88 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.85 and a quick ratio of 0.73.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 25th. Investors of record on Monday, February 11th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, February 8th. D. R. Horton’s dividend payout ratio is currently 14.67%.

In other D. R. Horton news, Director Barbara K. Allen sold 4,000 shares of D. R. Horton stock in a transaction on Monday, January 28th. The stock was sold at an average price of $36.79, for a total transaction of $147,160.00. Following the completion of the sale, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $207,863.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael W. Hewatt sold 3,000 shares of D. R. Horton stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $40.20, for a total value of $120,600.00. Following the sale, the director now directly owns 9,000 shares of the company’s stock, valued at $361,800. The disclosure for this sale can be found here. Insiders have sold a total of 191,833 shares of company stock valued at $6,910,702 over the last three months. 6.87% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Chicago Equity Partners LLC acquired a new position in shares of D. R. Horton in the 3rd quarter valued at about $781,000. Private Advisor Group LLC acquired a new position in shares of D. R. Horton in the 3rd quarter valued at about $683,000. Advisory Services Network LLC lifted its holdings in shares of D. R. Horton by 24.1% in the 3rd quarter. Advisory Services Network LLC now owns 9,275 shares of the construction company’s stock valued at $391,000 after buying an additional 1,801 shares during the period. Gulf International Bank UK Ltd lifted its holdings in shares of D. R. Horton by 4.7% in the 3rd quarter. Gulf International Bank UK Ltd now owns 114,958 shares of the construction company’s stock valued at $4,848,000 after buying an additional 5,164 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of D. R. Horton by 45.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 32,433 shares of the construction company’s stock valued at $1,368,000 after buying an additional 10,177 shares during the period. 83.52% of the stock is owned by institutional investors and hedge funds.

D. R. Horton Company Profile

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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