Equities research analysts expect D. R. Horton Inc (NYSE:DHI) to announce earnings per share of $0.80 for the current quarter, Zacks reports. Nineteen analysts have made estimates for D. R. Horton’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.75. D. R. Horton reported earnings per share of $0.77 in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.9%. The business is expected to announce its next earnings results on Wednesday, January 30th.

On average, analysts expect that D. R. Horton will report full year earnings of $4.27 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $5.05. For the next financial year, analysts forecast that the business will report earnings of $4.42 per share, with EPS estimates ranging from $2.63 to $5.32. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for D. R. Horton.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, November 8th. The construction company reported $1.22 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.22. D. R. Horton had a net margin of 9.09% and a return on equity of 18.27%. The firm had revenue of $4.51 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same period in the previous year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 8.3% on a year-over-year basis.

Several equities research analysts recently weighed in on DHI shares. JMP Securities set a $44.00 price objective on D. R. Horton and gave the stock a “buy” rating in a report on Wednesday, November 21st. Royal Bank of Canada set a $38.00 target price on D. R. Horton and gave the company a “hold” rating in a report on Friday, November 9th. Bank of America set a $65.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Thursday, October 11th. ValuEngine cut D. R. Horton from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Finally, Mizuho set a $40.00 target price on D. R. Horton and gave the stock a “hold” rating in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.86.

In other news, CFO Bill W. Wheat sold 12,892 shares of D. R. Horton stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $37.71, for a total value of $486,157.32. Following the transaction, the chief financial officer now directly owns 145,180 shares in the company, valued at approximately $5,474,737.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.20% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. River Wealth Advisors LLC bought a new stake in shares of D. R. Horton during the 3rd quarter worth $160,000. Qube Research & Technologies Ltd lifted its holdings in D. R. Horton by 2,033.5% in the second quarter. Qube Research & Technologies Ltd now owns 3,883 shares of the construction company’s stock valued at $159,000 after acquiring an additional 3,701 shares during the period. Piedmont Investment Advisors LLC bought a new position in D. R. Horton in the second quarter valued at about $162,000. Hollencrest Capital Management bought a new position in D. R. Horton in the third quarter valued at about $205,000. Finally, Hilltop Holdings Inc. bought a new position in D. R. Horton in the third quarter valued at about $220,000. 79.23% of the stock is owned by institutional investors.

NYSE:DHI traded up $0.68 during trading hours on Thursday, hitting $36.96. 4,461,319 shares of the company traded hands, compared to its average volume of 4,734,691. The company has a current ratio of 7.25, a quick ratio of 1.31 and a debt-to-equity ratio of 0.35. D. R. Horton has a one year low of $32.53 and a one year high of $53.32. The stock has a market cap of $14.08 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 0.69 and a beta of 1.25.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Monday, November 26th will be paid a dividend of $0.15 per share. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, November 23rd. D. R. Horton’s dividend payout ratio (DPR) is currently 14.67%.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West America. It engages in the acquisition and development of land; and construction and sale of homes in 26 states and 79 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.

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

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