Brokerages Anticipate D.R. Horton, Inc. (NYSE:DHI) Will Post Quarterly Sales of $7.62 Billion

Equities analysts expect that D.R. Horton, Inc. (NYSE:DHIGet Rating) will announce $7.62 billion in sales for the current fiscal quarter, according to Zacks. Seventeen analysts have issued estimates for D.R. Horton’s earnings. The highest sales estimate is $7.92 billion and the lowest is $7.43 billion. D.R. Horton reported sales of $6.45 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 18.1%. The company is expected to announce its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that D.R. Horton will report full-year sales of $35.32 billion for the current financial year, with estimates ranging from $34.60 billion to $36.84 billion. For the next year, analysts anticipate that the business will post sales of $38.35 billion, with estimates ranging from $33.20 billion to $43.34 billion. Zacks’ sales averages are an average based on a survey of analysts that follow D.R. Horton.

D.R. Horton (NYSE:DHIGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The construction company reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.37. The company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.72 billion. D.R. Horton had a return on equity of 30.88% and a net margin of 15.66%. D.R. Horton’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $2.14 earnings per share.

Several brokerages have recently commented on DHI. Credit Suisse Group began coverage on D.R. Horton in a research note on Tuesday, April 5th. They set a “neutral” rating and a $89.00 price target on the stock. Citigroup cut their target price on D.R. Horton from $108.00 to $97.00 in a research note on Friday, March 25th. JPMorgan Chase & Co. cut their target price on D.R. Horton from $100.00 to $82.50 and set an “overweight” rating on the stock in a research note on Wednesday, April 13th. UBS Group began coverage on D.R. Horton in a research note on Wednesday, January 19th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, BTIG Research reissued a “buy” rating and issued a $126.00 price target on shares of D.R. Horton in a report on Thursday, February 3rd. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, D.R. Horton has a consensus rating of “Buy” and an average target price of $108.68.

In other news, Director Barbara K. Allen sold 423 shares of the company’s stock in a transaction on Monday, February 28th. The stock was sold at an average price of $85.46, for a total value of $36,149.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Barbara K. Allen sold 4,000 shares of the company’s stock in a transaction on Thursday, February 3rd. The shares were sold at an average price of $88.53, for a total value of $354,120.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,545 shares of company stock valued at $482,980. 0.49% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. AllSquare Wealth Management LLC increased its stake in D.R. Horton by 18.7% during the 3rd quarter. AllSquare Wealth Management LLC now owns 704 shares of the construction company’s stock worth $59,000 after buying an additional 111 shares during the period. Larson Financial Group LLC increased its position in shares of D.R. Horton by 65.4% in the 4th quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock valued at $34,000 after purchasing an additional 123 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of D.R. Horton by 2.0% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 6,525 shares of the construction company’s stock valued at $548,000 after purchasing an additional 125 shares during the last quarter. West Oak Capital LLC increased its position in shares of D.R. Horton by 7.7% in the 4th quarter. West Oak Capital LLC now owns 1,745 shares of the construction company’s stock valued at $189,000 after purchasing an additional 125 shares during the last quarter. Finally, Estate Counselors LLC increased its position in shares of D.R. Horton by 1.1% in the 3rd quarter. Estate Counselors LLC now owns 12,020 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 130 shares during the last quarter. 82.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:DHI traded up $2.85 on Friday, hitting $74.20. 63,624 shares of the company’s stock were exchanged, compared to its average volume of 3,977,132. D.R. Horton has a 12 month low of $68.79 and a 12 month high of $110.45. The stock has a market capitalization of $26.29 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 0.44 and a beta of 1.65. The business’s 50 day simple moving average is $80.12 and its two-hundred day simple moving average is $90.17. The company has a debt-to-equity ratio of 0.33, a current ratio of 6.03 and a quick ratio of 1.15.

The company also recently declared a quarterly dividend, which was paid on Friday, February 25th. Investors of record on Thursday, February 17th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, February 16th. D.R. Horton’s payout ratio is 7.22%.

D.R. Horton Company Profile (Get Rating)

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.

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

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