D. R. Horton (NYSE:DHI) released its earnings results on Tuesday. The construction company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.20, Briefing.com reports. The business had revenue of $4.91 billion during the quarter, compared to analysts’ expectations of $4.52 billion. D. R. Horton had a net margin of 9.39% and a return on equity of 16.96%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.18 earnings per share.
Shares of D. R. Horton stock traded up $0.15 during mid-day trading on Wednesday, hitting $46.67. The stock had a trading volume of 219,082 shares, compared to its average volume of 2,887,669. The firm’s 50-day simple moving average is $44.57. D. R. Horton has a 12-month low of $32.39 and a 12-month high of $47.02. The company has a current ratio of 7.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The company has a market cap of $16.61 billion, a price-to-earnings ratio of 11.41, a P/E/G ratio of 1.04 and a beta of 1.13.
DHI has been the subject of a number of research reports. JMP Securities set a $79.00 target price on shares of LGI Homes and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Royal Bank of Canada set a $147.00 target price on shares of Ameriprise Financial and gave the stock a “hold” rating in a research note on Friday, April 26th. KeyCorp cut their target price on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Barclays boosted their target price on shares of D. R. Horton from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Buckingham Research upped their price objective on shares of Westinghouse Air Brake Technologies from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. D. R. Horton currently has a consensus rating of “Buy” and a consensus price target of $47.73.
D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.
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