$3.75 Billion in Sales Expected for D. R. Horton (DHI) This Quarter

Equities analysts expect D. R. Horton (NYSE:DHI) to report $3.75 billion in sales for the current quarter, according to Zacks. Twenty One analysts have issued estimates for D. R. Horton’s earnings. The lowest sales estimate is $3.55 billion and the highest is $3.85 billion. D. R. Horton reported sales of $3.25 billion during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The company is expected to report its next earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that D. R. Horton will report full-year sales of $16.15 billion for the current year, with estimates ranging from $15.50 billion to $16.76 billion. For the next fiscal year, analysts forecast that the business will report sales of $18.12 billion per share, with estimates ranging from $16.57 billion to $19.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover D. R. Horton.

D. R. Horton (NYSE:DHI) last issued its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.13. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.26 billion. D. R. Horton had a net margin of 7.03% and a return on equity of 14.83%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.55 EPS.



Several equities research analysts have issued reports on DHI shares. UBS reaffirmed a “buy” rating and set a $58.00 price target (up from $53.00) on shares of D. R. Horton in a research note on Wednesday, January 17th. ValuEngine cut shares of D. R. Horton from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $52.00 price target on shares of D. R. Horton in a research note on Wednesday, March 21st. Barclays raised their price target on shares of D. R. Horton from $50.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada raised their price target on shares of D. R. Horton to $57.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $51.88.

In related news, Director Barbara K. Allen sold 940 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $42.66, for a total value of $40,100.40. Following the transaction, the director now owns 6,590 shares in the company, valued at $281,129.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Bill W. Wheat sold 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $45.01, for a total transaction of $120,176.70. Following the completion of the transaction, the chief financial officer now owns 101,874 shares in the company, valued at approximately $4,585,348.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 245,602 shares of company stock worth $10,828,080. Insiders own 7.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DHI. Millennium Management LLC raised its holdings in D. R. Horton by 309.9% in the fourth quarter. Millennium Management LLC now owns 5,053,089 shares of the construction company’s stock valued at $258,061,000 after buying an additional 3,820,298 shares during the period. Allianz Asset Management GmbH raised its holdings in D. R. Horton by 615.2% in the fourth quarter. Allianz Asset Management GmbH now owns 2,403,725 shares of the construction company’s stock valued at $122,758,000 after buying an additional 2,067,640 shares during the period. Marble Arch Investments LP purchased a new position in D. R. Horton in the fourth quarter valued at approximately $96,231,000. BlackRock Inc. raised its holdings in D. R. Horton by 4.2% in the fourth quarter. BlackRock Inc. now owns 30,757,940 shares of the construction company’s stock valued at $1,570,810,000 after buying an additional 1,232,825 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new position in D. R. Horton in the fourth quarter valued at approximately $56,286,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.

Shares of NYSE DHI opened at $44.48 on Friday. The stock has a market capitalization of $16,623.21, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12. D. R. Horton has a 52 week low of $31.98 and a 52 week high of $53.32. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.92 and a current ratio of 7.03.

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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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Earnings History and Estimates for D. R. Horton (NYSE:DHI)

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