Research Analysts Offer Predictions for D.R. Horton Inc.’s Q1 2017 Earnings (DHI)
D.R. Horton Inc. (NYSE:DHI) – Analysts at KeyCorp decreased their Q1 2017 earnings per share estimates for D.R. Horton in a research report issued on Monday. KeyCorp analyst K. Zener now expects that the firm will earn $0.46 per share for the quarter, down from their prior forecast of $0.50.
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 analysts’ consensus estimates of $0.77 by $0.02. D.R. Horton had a net margin of 7.29% and a return on equity of 13.93%. The firm earned $3.70 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the company posted $0.64 EPS. The firm’s revenue was up 18.1% compared to the same quarter last year.
Other research analysts also recently issued reports about 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 company from $35.05 to $36.00 in a report on Tuesday, September 13th. Royal Bank Of Canada cut their price target on D.R. Horton from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. MKM Partners set a $32.00 price target on D.R. Horton and gave the company a “hold” rating in a report on Wednesday, November 9th. Argus reiterated a “buy” rating and issued a $39.00 price target on shares of D.R. Horton in a report on Tuesday, July 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $36.00 price target on shares of D.R. Horton in a report on Tuesday, November 8th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $31.10.
D.R. Horton (NYSE:DHI) opened at 28.57 on Wednesday. The company has a market cap of $10.65 billion, a P/E ratio of 12.11 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 has a 50-day moving average price of $28.94 and a 200-day moving average price of $30.80.
A number of institutional investors have recently added to or reduced their stakes in the company. Invictus RG boosted its position in D.R. Horton by 84.7% in the first quarter. Invictus RG now owns 3,508 shares of the company’s stock worth $106,000 after buying an additional 1,609 shares during the last quarter. MCF Advisors LLC boosted its position in D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock worth $113,000 after buying an additional 3,192 shares during the last quarter. Creative Planning boosted its position in D.R. Horton by 4.7% in the second quarter. Creative Planning now owns 4,064 shares of the company’s stock worth $128,000 after buying an additional 182 shares during the last quarter. Mckinley Capital Management LLC Delaware boosted its position in 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 worth $130,000 after buying an additional 18 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in D.R. Horton by 35.5% in the second quarter. Acrospire Investment Management LLC now owns 4,200 shares of the company’s stock worth $132,000 after buying an additional 1,100 shares during the last quarter. 82.80% of the stock is owned by institutional investors.
In other news, Director Michael W. Hewatt sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $31.87, for a total value of $159,350.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $159,350. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.17% of the stock is owned by insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Monday, November 28th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, November 23rd. This is a boost from D.R. Horton’s previous quarterly dividend of $0.08. D.R. Horton’s payout ratio is 13.62%.
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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