Zacks: Analysts Anticipate D.R. Horton, Inc. (NYSE:DHI) Will Post Quarterly Sales of $9.08 Billion

Wall Street brokerages expect D.R. Horton, Inc. (NYSE:DHI – Get Rating) to report $9.08 billion in sales for the current quarter, according to Zacks. Eighteen analysts have made estimates for D.R. Horton’s earnings, with estimates ranging from $8.61 billion to $10.06 billion. D.R. Horton posted sales of $7.28 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 24.7%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that D.R. Horton will report full year sales of $35.43 billion for the current fiscal year, with estimates ranging from $34.17 billion to $36.01 billion. For the next financial year, analysts forecast that the company will post sales of $37.43 billion, with estimates ranging from $31.32 billion to $41.71 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover D.R. Horton.

D.R. Horton (NYSE:DHI – Get Rating) last announced its earnings results on Tuesday, April 26th. The construction company reported $4.03 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.66. The business had revenue of $8 billion during the quarter, compared to analyst estimates of $7.64 billion. D.R. Horton had a net margin of 16.53% and a return on equity of 32.22%. The company’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.53 EPS.

A number of brokerages have weighed in on DHI. Wedbush decreased their target price on shares of D.R. Horton from $125.00 to $97.00 in a research note on Wednesday, April 27th. The Goldman Sachs Group cut their price objective on shares of D.R. Horton from $120.00 to $83.00 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. JPMorgan Chase & Co. cut their price objective on shares of D.R. Horton from $100.00 to $82.50 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. StockNews.com began coverage on shares of D.R. Horton in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Barclays cut their price objective on shares of D.R. Horton from $125.00 to $104.00 in a research report on Thursday, March 31st. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $103.65.

Shares of DHI opened at $70.02 on Friday. The firm has a market cap of $24.65 billion, a PE ratio of 5.02, a P/E/G ratio of 0.52 and a beta of 1.59. The company has a current ratio of 5.95, a quick ratio of 0.98 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $76.89 and a two-hundred day simple moving average of $88.85. D.R. Horton has a 1-year low of $67.85 and a 1-year high of $110.45.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 18th. Shareholders of record on Monday, May 9th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.29%. The ex-dividend date is Friday, May 6th. D.R. Horton’s dividend payout ratio (DPR) is presently 6.45%.

In other D.R. Horton news, Director Barbara K. Allen sold 423 shares of the stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $85.46, for a total transaction of $36,149.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara K. Allen sold 1,122 shares of the company’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $82.63, for a total transaction of $92,710.86. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fairfield Bush & CO. purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $28,000. GPS Wealth Strategies Group LLC raised its position in shares of D.R. Horton by 300.0% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 400 shares of the construction company’s stock valued at $30,000 after buying an additional 300 shares in the last quarter. Hazlett Burt & Watson Inc. purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $30,000. MCF Advisors LLC purchased a new stake in shares of D.R. Horton during the 1st quarter valued at about $32,000. Finally, Larson Financial Group LLC raised its position in shares of D.R. Horton by 65.4% during the 4th quarter. Larson Financial Group LLC now owns 311 shares of the construction company’s stock valued at $34,000 after buying an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 81.27% of the company’s stock.

D.R. Horton Company Profile (Get Rating)

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R.

Read More