D.R. Horton Inc. (NYSE:DHI) – Keefe, Bruyette & Woods issued their Q1 2017 EPS estimates for shares of D.R. Horton in a note issued to investors on Wednesday. Keefe, Bruyette & Woods analyst J. Rahmani forecasts that the firm will post earnings per share of $0.48 for the quarter. Keefe, Bruyette & Woods also issued estimates for D.R. Horton’s Q2 2017 earnings at $0.58 EPS, Q3 2017 earnings at $0.73 EPS, Q4 2017 earnings at $0.86 EPS, FY2017 earnings at $2.65 EPS and FY2018 earnings at $2.70 EPS.

D.R. Horton (NYSE:DHI) last released its earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by $0.02. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 18.1% on a year-over-year basis.

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

A number of other equities analysts also recently commented on the company. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. RBC Capital Markets reiterated an “outperform” rating and issued a $38.00 price target (up from $36.00) on shares of D.R. Horton in a research note on Tuesday, July 19th. Royal Bank Of Canada decreased their price target on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating for the company in a research note on Wednesday. MKM Partners set a $32.00 price target on D.R. Horton and gave the stock a “hold” rating in a research note on Wednesday. Finally, FBN Securities upgraded D.R. Horton from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $25.00 to $27.50 in a research note on Monday, October 10th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $31.15.

D.R. Horton (NYSE:DHI) opened at 27.33 on Friday. The firm’s 50-day moving average price is $29.14 and its 200 day moving average price is $30.86. The firm has a market cap of $10.17 billion, a PE ratio of 12.15 and a beta of 1.17. D.R. Horton has a 52-week low of $22.97 and a 52-week high of $34.56.

A number of large investors have recently made changes to their positions in DHI. Invictus RG boosted its stake in shares of D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock valued at $106,000 after buying an additional 1,609 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock valued at $113,000 after buying an additional 3,192 shares during the last quarter. Creative Planning boosted its stake in shares of D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock valued at $128,000 after buying an additional 182 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its stake in shares of D.R. Horton by 0.4% in the second quarter. Mckinley Capital Management LLC Delaware now owns 4,144 shares of the company’s stock valued at $130,000 after buying an additional 18 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its stake in shares of D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock valued at $132,000 after buying an additional 1,100 shares during the last quarter. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total transaction of $159,350.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at $159,350. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 7.17% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be issued a dividend of $0.10 per share. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.40 annualized dividend and a yield of 1.46%. D.R. Horton’s payout ratio is presently 13.62%.

About D.R. Horton

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.

5 Day Chart for NYSE:DHI

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