Zacks: Brokerages Expect D. R. Horton Inc (DHI) Will Announce Quarterly Sales of $3.57 Billion

Brokerages expect D. R. Horton Inc (NYSE:DHI) to post sales of $3.57 billion for the current fiscal quarter, according to Zacks Investment Research. Eighteen analysts have issued estimates for D. R. Horton’s earnings. The highest sales estimate is $3.77 billion and the lowest is $3.32 billion. D. R. Horton posted sales of $3.33 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The business is expected to announce its next quarterly earnings report on Wednesday, January 30th.

On average, analysts expect that D. R. Horton will report full year sales of $17.57 billion for the current year, with estimates ranging from $15.69 billion to $18.70 billion. For the next fiscal year, analysts forecast that the business will post sales of $18.62 billion, with estimates ranging from $14.99 billion to $21.33 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for D. R. Horton.

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

DHI has been the subject of a number of analyst reports. ValuEngine lowered D. R. Horton from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. 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. Wedbush reiterated an “outperform” rating and set a $47.00 price target on shares of D. R. Horton in a research report on Friday, September 14th. Barclays set a $51.00 price target on D. R. Horton and gave the stock a “buy” rating in a research report on Friday, September 14th. Finally, Wells Fargo & Co reduced their price target on D. R. Horton from $62.00 to $48.00 and set an “outperform” rating for the company in a research report on Monday, November 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. D. R. Horton has a consensus rating of “Buy” and an average target price of $47.86.

In other news, Director Michael W. Hewatt sold 3,000 shares of the company’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $45.01, for a total value of $135,030.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at $495,110. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Tyers Asset Management LLC lifted its holdings in shares of D. R. Horton by 1.3% during the second quarter. Tyers Asset Management LLC now owns 88,060 shares of the construction company’s stock valued at $3,611,000 after purchasing an additional 1,148 shares during the last quarter. Eads & Heald Wealth Management lifted its holdings in shares of D. R. Horton by 5.2% during the second quarter. Eads & Heald Wealth Management now owns 25,103 shares of the construction company’s stock valued at $1,029,000 after purchasing an additional 1,235 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of D. R. Horton by 1.3% during the second quarter. Eagle Asset Management Inc. now owns 104,804 shares of the construction company’s stock valued at $4,296,000 after purchasing an additional 1,331 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of D. R. Horton by 28.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,276 shares of the construction company’s stock valued at $257,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its holdings in shares of D. R. Horton by 1.3% during the second quarter. Flinton Capital Management LLC now owns 106,930 shares of the construction company’s stock valued at $4,385,000 after purchasing an additional 1,394 shares during the last quarter. Institutional investors and hedge funds own 82.70% of the company’s stock.

DHI stock traded up $0.94 during trading on Thursday, reaching $35.80. 7,050,376 shares of the company’s stock were exchanged, compared to its average volume of 6,775,674. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.31 and a current ratio of 7.25. D. R. Horton has a 1-year low of $32.53 and a 1-year high of $53.32. The firm has a market capitalization of $13.53 billion, a PE ratio of 8.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.26.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a $0.15 dividend. This is a positive change from D. R. Horton’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, November 23rd. This represents a $0.60 annualized dividend and a dividend yield of 1.68%. D. R. Horton’s dividend payout ratio is 12.22%.

D. R. Horton Company Profile

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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