D.R. Horton, Inc. (NYSE:DHI) to Post Q2 2024 Earnings of $3.01 Per Share, Zacks Research Forecasts

D.R. Horton, Inc. (NYSE:DHI) – Zacks Research dropped their Q2 2024 earnings per share estimates for D.R. Horton in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now anticipates that the construction company will post earnings per share of $3.01 for the quarter, down from their prior estimate of $3.03. The consensus estimate for D.R. Horton’s current full-year earnings is $14.24 per share. Zacks Research also issued estimates for D.R. Horton’s Q3 2024 earnings at $4.07 EPS, Q4 2024 earnings at $4.02 EPS, FY2024 earnings at $13.93 EPS, Q1 2025 earnings at $3.03 EPS, Q2 2025 earnings at $3.34 EPS, Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $4.25 EPS, FY2025 earnings at $14.86 EPS, Q1 2026 earnings at $3.33 EPS, Q2 2026 earnings at $3.71 EPS and FY2026 earnings at $16.27 EPS.

D.R. Horton (NYSE:DHI) last issued its earnings results on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.06). D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.55 billion. During the same quarter last year, the business posted $2.76 EPS. D.R. Horton’s quarterly revenue was up 6.5% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Raymond James lifted their price objective on D.R. Horton from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Royal Bank of Canada lifted their price objective on D.R. Horton from $116.00 to $142.00 and gave the company an “underperform” rating in a report on Monday, January 22nd. Wedbush lowered D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 target price on the stock. in a research report on Tuesday, April 2nd. Keefe, Bruyette & Woods dropped their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 24th. Finally, BTIG Research dropped their target price on D.R. Horton from $174.00 to $169.00 and set a “buy” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.00.

D.R. Horton Trading Down 0.2 %

NYSE:DHI opened at $145.74 on Wednesday. D.R. Horton has a fifty-two week low of $100.08 and a fifty-two week high of $165.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.56 and a quick ratio of 1.20. The stock has a market capitalization of $48.36 billion, a PE ratio of 10.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. The business’s 50-day simple moving average is $151.94 and its 200-day simple moving average is $138.37.

D.R. Horton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Monday, February 5th. D.R. Horton’s dividend payout ratio (DPR) is 8.63%.

Insiders Place Their Bets

In other news, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the transaction, the insider now directly owns 773,121 shares in the company, valued at approximately $120,862,005.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares in the company, valued at approximately $844,053.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David V. Auld sold 25,000 shares of D.R. Horton stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total value of $3,908,250.00. Following the transaction, the insider now owns 773,121 shares of the company’s stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock valued at $4,225,745 in the last 90 days. 1.74% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DHI. Legal Advantage Investments Inc. boosted its stake in D.R. Horton by 2.5% in the 4th quarter. Legal Advantage Investments Inc. now owns 3,075 shares of the construction company’s stock valued at $467,000 after purchasing an additional 75 shares during the period. First Hawaiian Bank boosted its stake in D.R. Horton by 0.5% in the 1st quarter. First Hawaiian Bank now owns 16,035 shares of the construction company’s stock valued at $2,639,000 after purchasing an additional 75 shares during the period. Wealthsource Partners LLC boosted its stake in D.R. Horton by 2.7% in the 4th quarter. Wealthsource Partners LLC now owns 2,926 shares of the construction company’s stock valued at $445,000 after purchasing an additional 78 shares during the period. SRS Capital Advisors Inc. boosted its stake in D.R. Horton by 2.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,639 shares of the construction company’s stock valued at $391,000 after purchasing an additional 79 shares during the period. Finally, FineMark National Bank & Trust boosted its stake in D.R. Horton by 2.0% in the 3rd quarter. FineMark National Bank & Trust now owns 4,035 shares of the construction company’s stock valued at $434,000 after purchasing an additional 80 shares during the period. 90.63% of the stock is currently owned by institutional investors.

About D.R. Horton

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 118 markets across 33 states under the names of D.R.