D.R. Horton (NYSE:DHI) Issues Earnings Results

D.R. Horton (NYSE:DHI) issued its quarterly earnings data on Thursday. The construction company reported $3.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.81 by $0.25, MarketWatch Earnings reports. The business had revenue of $7.28 billion during the quarter, compared to the consensus estimate of $7.17 billion. D.R. Horton had a net margin of 13.16% and a return on equity of 25.71%. The firm’s quarterly revenue was up 35.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.72 EPS. D.R. Horton updated its FY 2021 guidance to EPS.

NYSE:DHI traded down $1.96 on Thursday, reaching $89.51. 291,184 shares of the company’s stock were exchanged, compared to its average volume of 2,887,577. The company has a quick ratio of 1.20, a current ratio of 5.54 and a debt-to-equity ratio of 0.34. The stock has a market cap of $32.27 billion, a price-to-earnings ratio of 10.60, a price-to-earnings-growth ratio of 0.95 and a beta of 1.64. The business has a fifty day simple moving average of $90.95. D.R. Horton has a 52-week low of $62.26 and a 52-week high of $106.89.

In other news, Director Bradley S. Anderson sold 5,000 shares of D.R. Horton stock in a transaction dated Tuesday, April 27th. The stock was sold at an average price of $101.56, for a total transaction of $507,800.00. Following the sale, the director now owns 44,159 shares in the company, valued at $4,484,788.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Aron M. Odom sold 3,000 shares of the stock in a transaction on Friday, May 7th. The stock was sold at an average price of $102.50, for a total transaction of $307,500.00. Following the sale, the vice president now owns 2,917 shares of the company’s stock, valued at approximately $298,992.50. The disclosure for this sale can be found here. Company insiders own 0.46% of the company’s stock.

A number of analysts recently commented on the stock. KeyCorp upped their price target on shares of D.R. Horton from $90.00 to $98.00 and gave the company an “overweight” rating in a research note on Wednesday, March 31st. BTIG Research decreased their price objective on shares of D.R. Horton from $124.00 to $117.00 and set a “buy” rating on the stock in a research report on Monday. Raymond James reaffirmed an “outperform” rating and set a $110.00 target price (up previously from $91.00) on shares of D.R. Horton in a report on Thursday, April 29th. Barclays lowered their price objective on D.R. Horton from $114.00 to $109.00 and set an “overweight” rating for the company in a research report on Thursday, July 15th. Finally, Seaport Res Ptn reissued a “buy” rating on shares of D.R. Horton in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. D.R. Horton has a consensus rating of “Buy” and a consensus target price of $99.47.

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 29 states and 88 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes.

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

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