D. R. Horton Inc (DHI) Expected to Announce Quarterly Sales of $3.57 Billion
Brokerages expect D. R. Horton Inc (NYSE:DHI) to post sales of $3.57 billion for the current quarter, according to Zacks. Eighteen analysts have issued estimates for D. R. Horton’s earnings, with the highest sales estimate coming in at $3.77 billion and the lowest estimate coming in at $3.32 billion. D. R. Horton reported sales of $3.33 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 30th.
On average, analysts expect that D. R. Horton will report full-year sales of $17.57 billion for the current year, with estimates ranging from $15.69 billion to $18.70 billion. For the next year, analysts expect that the firm will report sales of $18.62 billion, with estimates ranging from $14.99 billion to $21.33 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow D. R. Horton.
D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a return on equity of 18.27% and a net margin of 9.09%. The business had revenue of $4.51 billion for the quarter, compared to analyst estimates of $4.56 billion. During the same quarter in the prior year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 8.3% compared to the same quarter last year.
In other news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $45.01, for a total transaction of $135,030.00. Following the completion of the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $495,110. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 7.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in DHI. Qube Research & Technologies Ltd raised its stake in shares of D. R. Horton by 2,033.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock worth $159,000 after buying an additional 3,701 shares during the period. River Wealth Advisors LLC acquired a new position in shares of D. R. Horton during the 3rd quarter worth approximately $160,000. Piedmont Investment Advisors LLC acquired a new position in shares of D. R. Horton during the 2nd quarter worth approximately $162,000. Hollencrest Capital Management acquired a new position in shares of D. R. Horton during the 3rd quarter worth approximately $205,000. Finally, Atria Investments LLC acquired a new position in shares of D. R. Horton during the 2nd quarter worth approximately $214,000. 83.98% of the stock is owned by institutional investors and hedge funds.
D. R. Horton stock traded up $1.20 during mid-day trading on Thursday, hitting $34.78. The company had a trading volume of 4,967,999 shares, compared to its average volume of 6,938,356. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton has a 12-month low of $32.53 and a 12-month high of $53.32. The firm has a market cap of $13.09 billion, a PE ratio of 8.50, a P/E/G ratio of 0.64 and a beta of 1.26.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.73%. This is an increase from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. D. R. Horton’s dividend payout ratio is presently 12.22%.
About D. R. Horton
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
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