Research Analysts Set Expectations for D.R. Horton, Inc.’s Q1 2022 Earnings (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Seaport Res Ptn issued their Q1 2022 earnings estimates for shares of D.R. Horton in a report released on Wednesday, October 20th. Seaport Res Ptn analyst M. Weintraub expects that the construction company will post earnings per share of $2.99 for the quarter. Seaport Res Ptn has a “Buy” rating on the stock. Seaport Res Ptn also issued estimates for D.R. Horton’s Q2 2022 earnings at $2.93 EPS, Q3 2022 earnings at $3.66 EPS, Q4 2022 earnings at $3.46 EPS and Q1 2023 earnings at $2.49 EPS.

A number of other equities research analysts have also recently weighed in on DHI. Royal Bank of Canada restated a “hold” rating on shares of D.R. Horton in a report on Friday, July 30th. Raymond James upgraded D.R. Horton from an “outperform” rating to a “strong-buy” rating and set a $110.00 target price for the company in a research note on Friday, July 23rd. JPMorgan Chase & Co. reduced their price target on shares of D.R. Horton from $129.00 to $115.00 and set an “overweight” rating on the stock in a research report on Thursday, October 14th. Wedbush raised shares of D.R. Horton from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $94.00 to $125.00 in a report on Monday, July 26th. Finally, Barclays cut their price target on D.R. Horton from $114.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, July 15th. Two analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $103.06.

Shares of DHI stock opened at $88.70 on Monday. The stock has a market capitalization of $31.77 billion, a PE ratio of 8.90, a price-to-earnings-growth ratio of 0.88 and a beta of 1.64. D.R. Horton has a 52-week low of $64.32 and a 52-week high of $106.89. The stock’s 50-day moving average price is $90.56 and its 200 day moving average price is $92.31. The company has a quick ratio of 1.11, a current ratio of 6.03 and a debt-to-equity ratio of 0.31.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Amundi purchased a new stake in D.R. Horton in the second quarter worth $129,486,000. Principal Financial Group Inc. grew its stake in shares of D.R. Horton by 94.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,591,112 shares of the construction company’s stock valued at $234,159,000 after purchasing an additional 1,255,532 shares during the period. Appaloosa LP purchased a new position in shares of D.R. Horton during the 1st quarter valued at about $103,825,000. Assenagon Asset Management S.A. purchased a new position in shares of D.R. Horton during the 3rd quarter valued at about $87,924,000. Finally, Capital International Investors purchased a new position in D.R. Horton in the 1st quarter worth approximately $91,874,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.

D.R. Horton Company Profile

D.R. Horton, Inc engages in the construction and sale of single-family housing. It operates through the following segments: Homebuilding and Financial Services. The Homebuilding segment includes the sub-segments East, Midwest, Southeast, South Central, Southwest and West regions. The Financial Services segment provides mortgage financing and title agency services to homebuyers in many of its homebuilding markets.

Featured Story: How do candlesticks reflect price movement?

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

Receive News & Ratings for D.R. Horton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for D.R. Horton and related companies with MarketBeat.com's FREE daily email newsletter.