Dream Finders Homes (NASDAQ:DFH) Issues Earnings Results

Dream Finders Homes (NASDAQ:DFH – Get Rating) released its quarterly earnings data on Tuesday. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.24, Briefing.com reports. The company had revenue of $664.10 million for the quarter, compared to the consensus estimate of $611.75 million. Dream Finders Homes had a return on equity of 35.56% and a net margin of 6.30%. The company’s quarterly revenue was up 93.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 earnings per share.

DFH stock opened at $15.77 on Thursday. The company has a 50 day moving average price of $18.64 and a 200 day moving average price of $18.34. Dream Finders Homes has a fifty-two week low of $15.25 and a fifty-two week high of $36.60. The stock has a market capitalization of $1.46 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 0.23 and a beta of -0.02.

A number of hedge funds have recently bought and sold shares of DFH. Royal Bank of Canada raised its position in Dream Finders Homes by 58.4% in the 2nd quarter. Royal Bank of Canada now owns 3,400 shares of the company’s stock worth $83,000 after purchasing an additional 1,254 shares during the last quarter. Morgan Stanley raised its position in shares of Dream Finders Homes by 42.3% during the 3rd quarter. Morgan Stanley now owns 33,552 shares of the company’s stock valued at $581,000 after acquiring an additional 9,969 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Dream Finders Homes in the 4th quarter valued at $55,000. Citigroup Inc. bought a new stake in shares of Dream Finders Homes in the 4th quarter valued at $836,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Dream Finders Homes in the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 17.29% of the company’s stock.

DFH has been the topic of several recent analyst reports. Royal Bank of Canada reduced their target price on Dream Finders Homes from $19.00 to $18.00 and set a “sector perform” rating on the stock in a report on Friday, March 25th. Zacks Investment Research downgraded Dream Finders Homes from a “hold” rating to a “sell” rating in a report on Thursday, March 24th.

About Dream Finders Homes (Get Rating)

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.

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