D.R. Horton Inc. Expected to Post Q1 2018 Earnings of $0.53 Per Share (DHI)
D.R. Horton Inc. (NYSE:DHI) – Investment analysts at JMP Securities issued their Q1 2018 earnings estimates for D.R. Horton in a research note issued on Monday. JMP Securities analyst M. Smith anticipates that the firm will post earnings of $0.53 per share for the quarter. JMP Securities has a “Buy” rating and a $36.00 price target on the stock. JMP Securities also issued estimates for D.R. Horton’s Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.93 EPS and FY2018 earnings at $2.89 EPS.
D.R. Horton (NYSE:DHI) last released its quarterly earnings results on Thursday, July 21st. The company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.25 billion. D.R. Horton had a return on equity of 13.71% and a net margin of 7.26%. The firm’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 earnings per share.
DHI has been the subject of a number of other research reports. Credit Suisse Group AG reissued a “hold” rating on shares of D.R. Horton in a research report on Tuesday, July 12th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $38.00 target price (up previously from $36.00) on shares of D.R. Horton in a research report on Tuesday, July 19th. Bank of America Corp. downgraded D.R. Horton from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Friday, July 22nd. Royal Bank Of Canada upped their target price on D.R. Horton from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, July 18th. Finally, Argus started coverage on D.R. Horton in a research report on Friday, June 17th. They issued a “buy” rating and a $39.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $32.60.
D.R. Horton (NYSE:DHI) traded up 1.00% on Thursday, reaching $30.38. The company’s stock had a trading volume of 1,529,902 shares. The firm’s 50 day moving average price is $31.03 and its 200-day moving average price is $31.21. The company has a market capitalization of $11.31 billion, a price-to-earnings ratio of 13.51 and a beta of 1.30. D.R. Horton has a 52 week low of $22.97 and a 52 week high of $34.56.
Several hedge funds have recently made changes to their positions in DHI. F&V Capital Management LLC boosted its stake in shares of D.R. Horton by 2.4% in the third quarter. F&V Capital Management LLC now owns 169,630 shares of the company’s stock worth $5,123,000 after buying an additional 3,925 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of D.R. Horton by 22.6% in the third quarter. BNP Paribas Arbitrage SA now owns 252,780 shares of the company’s stock worth $7,634,000 after buying an additional 46,572 shares during the period. Macquarie Group Ltd. raised its position in shares of D.R. Horton by 5.3% in the second quarter. Macquarie Group Ltd. now owns 304,241 shares of the company’s stock worth $9,578,000 after buying an additional 15,440 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of D.R. Horton during the second quarter worth about $420,000. Finally, Kentucky Retirement Systems acquired a new position in shares of D.R. Horton during the second quarter worth about $884,000. Institutional investors and hedge funds own 83.57% of the company’s stock.
In other news, Director Michael R. Buchanan sold 12,000 shares of the stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $33.80, for a total transaction of $405,600.00. Following the sale, the director now directly owns 12,940 shares in the company, valued at approximately $437,372. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barbara K. Allen sold 3,333 shares of the stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $33.95, for a total value of $113,155.35. Following the sale, the director now owns 8,983 shares in the company, valued at $304,972.85. The disclosure for this sale can be found here. Insiders own 7.17% of the company’s stock.
D.R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.
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