$1.25 Earnings Per Share Expected for D. R. Horton Inc (NYSE:DHI) This Quarter
Equities analysts predict that D. R. Horton Inc (NYSE:DHI) will announce $1.25 earnings per share for the current quarter, Zacks Investment Research reports. Eighteen analysts have issued estimates for D. R. Horton’s earnings, with the highest EPS estimate coming in at $1.30 and the lowest estimate coming in at $1.18. D. R. Horton reported earnings of $1.22 per share in the same quarter last year, which indicates a positive year over year growth rate of 2.5%. The firm is expected to report its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that D. R. Horton will report full-year earnings of $4.18 per share for the current year, with EPS estimates ranging from $4.00 to $4.25. For the next year, analysts anticipate that the business will report earnings of $4.58 per share, with EPS estimates ranging from $4.20 to $5.14. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for D. R. Horton.
D. R. Horton (NYSE:DHI) last released its earnings results on Tuesday, July 30th. The construction company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.06 by $0.20. D. R. Horton had a return on equity of 16.71% and a net margin of 9.26%. The business had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.52 billion. During the same period last year, the business earned $1.18 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year.
In other news, Director Michael R. Buchanan sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $46.18, for a total value of $230,900.00. Following the transaction, the director now directly owns 32,076 shares of the company’s stock, valued at approximately $1,481,269.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradley S. Anderson sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $48.04, for a total value of $360,300.00. The disclosure for this sale can be found here. Insiders sold a total of 19,500 shares of company stock worth $937,350 over the last three months. 6.87% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Sumitomo Life Insurance Co. boosted its holdings in shares of D. R. Horton by 1.6% in the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,063 shares of the construction company’s stock worth $650,000 after acquiring an additional 243 shares in the last quarter. Boston Private Wealth LLC raised its position in D. R. Horton by 2.7% in the 2nd quarter. Boston Private Wealth LLC now owns 10,788 shares of the construction company’s stock worth $465,000 after purchasing an additional 283 shares during the last quarter. Securian Asset Management Inc raised its position in D. R. Horton by 0.8% in the 2nd quarter. Securian Asset Management Inc now owns 34,835 shares of the construction company’s stock worth $1,502,000 after purchasing an additional 287 shares during the last quarter. Huntington National Bank raised its position in D. R. Horton by 1.1% in the 2nd quarter. Huntington National Bank now owns 26,986 shares of the construction company’s stock worth $1,164,000 after purchasing an additional 297 shares during the last quarter. Finally, Alpine Woods Capital Investors LLC raised its position in D. R. Horton by 0.4% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 82,326 shares of the construction company’s stock worth $3,407,000 after purchasing an additional 300 shares during the last quarter. 86.55% of the stock is currently owned by institutional investors and hedge funds.
DHI stock traded up $0.32 during trading on Friday, reaching $49.77. 3,887,891 shares of the stock were exchanged, compared to its average volume of 4,967,155. D. R. Horton has a twelve month low of $32.39 and a twelve month high of $50.89. The company has a market capitalization of $18.29 billion, a P/E ratio of 12.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The stock has a 50 day simple moving average of $47.95 and a 200-day simple moving average of $44.57. The company has a current ratio of 6.91, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Monday, August 12th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, August 9th. D. R. Horton’s payout ratio is 14.67%.
About D. R. Horton
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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