D.R. Horton Inc. Forecasted to Post Q2 2017 Earnings of $0.56 Per Share (DHI)
D.R. Horton Inc. (NYSE:DHI) – Equities research analysts at KeyCorp upped their Q2 2017 earnings per share estimates for D.R. Horton in a research note issued on Monday. KeyCorp analyst K. Zener now anticipates that the firm will post earnings per share of $0.56 for the quarter, up from their previous forecast of $0.52. KeyCorp also issued estimates for D.R. Horton’s Q3 2017 earnings at $0.74 EPS, Q4 2017 earnings at $0.86 EPS and FY2018 earnings at $2.71 EPS.
D.R. Horton (NYSE:DHI) last posted its earnings results on Tuesday, November 8th. The company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.77 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $2.62 billion. D.R. Horton had a return on equity of 13.93% and a net margin of 7.29%. D.R. Horton’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 EPS.
Other equities research analysts have also issued reports about the company. Bank of America Corp. upgraded D.R. Horton from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.05 to $36.00 in a research note on Tuesday, September 13th. Argus restated a “buy” rating and set a $39.00 price target on shares of D.R. Horton in a research note on Tuesday, July 26th. Evercore ISI started coverage on D.R. Horton in a research note on Monday. They set a “buy” rating and a $36.00 price target for the company. 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, November 9th. Finally, Wells Fargo & Co. started coverage on D.R. Horton in a research note on Wednesday, September 28th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company. D.R. Horton currently has an average rating of “Hold” and a consensus price target of $31.10.
D.R. Horton (NYSE:DHI) traded up 2.66% during midday trading on Thursday, reaching $28.53. The company had a trading volume of 3,119,774 shares. The firm has a market capitalization of $10.64 billion, a PE ratio of 12.09 and a beta of 1.17. D.R. Horton has a 12 month low of $22.97 and a 12 month high of $34.56. The firm’s 50-day moving average price is $28.98 and its 200 day moving average price is $30.80.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be issued a $0.10 dividend. This is an increase 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 dividend yield of 1.44%. D.R. Horton’s dividend payout ratio (DPR) is 13.62%.
In related news, Director Michael W. Hewatt sold 5,000 shares of the firm’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 value of $159,350.00. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 7.17% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in DHI. Mckinley Capital Management LLC Delaware increased 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 period. Cullen Frost Bankers Inc. increased its stake in shares of D.R. Horton by 0.6% in the third quarter. Cullen Frost Bankers Inc. now owns 9,819 shares of the company’s stock valued at $297,000 after buying an additional 56 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of D.R. Horton by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 21,090 shares of the company’s stock valued at $637,000 after buying an additional 60 shares during the period. Alpha Windward LLC increased its stake in shares of D.R. Horton by 0.8% in the third quarter. Alpha Windward LLC now owns 14,672 shares of the company’s stock valued at $443,000 after buying an additional 120 shares during the period. Finally, Evermay Wealth Management LLC increased its stake in shares of D.R. Horton by 1.8% in the third quarter. Evermay Wealth Management LLC now owns 8,303 shares of the company’s stock valued at $251,000 after buying an additional 150 shares during the period. 82.80% of the stock is currently owned by institutional investors and hedge funds.
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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