Equities analysts forecast that D. R. Horton Inc (NYSE:DHI) will announce $3.75 billion in sales for the current quarter, Zacks reports. Twenty analysts have provided estimates for D. R. Horton’s earnings, with the lowest sales estimate coming in at $3.55 billion and the highest estimate coming in at $3.86 billion. D. R. Horton posted sales of $3.25 billion during the same quarter last year, which would indicate a positive year over year growth rate of 15.4%. The company is scheduled to report its next quarterly earnings results on Thursday, April 19th.
According to Zacks, analysts expect that D. R. Horton will report full-year sales of $3.75 billion for the current financial year, with estimates ranging from $15.55 billion to $16.76 billion. For the next fiscal year, analysts expect that the company will report sales of $18.16 billion per share, with estimates ranging from $17.24 billion to $19.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for D. R. Horton.
D. R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, January 31st. The construction company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.64 by $0.13. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.26 billion. D. R. Horton had a return on equity of 14.83% and a net margin of 7.03%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.55 earnings per share.
In related news, COO Michael J. Murray sold 2,357 shares of D. R. Horton stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $45.00, for a total value of $106,065.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara K. Allen sold 3,667 shares of D. R. Horton stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.77, for a total value of $175,172.59. Following the completion of the sale, the director now owns 11,317 shares of the company’s stock, valued at $540,613.09. The disclosure for this sale can be found here. Insiders have sold 220,899 shares of company stock valued at $9,784,661 over the last 90 days. Corporate insiders own 6.74% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jackson Grant Investment Advisers Inc. bought a new stake in D. R. Horton in the 4th quarter worth about $110,000. Advisory Services Network LLC increased its holdings in D. R. Horton by 131.9% in the 2nd quarter. Advisory Services Network LLC now owns 3,956 shares of the construction company’s stock worth $137,000 after buying an additional 2,250 shares in the last quarter. Calton & Associates Inc. bought a new stake in D. R. Horton in the 4th quarter worth about $193,000. IBM Retirement Fund bought a new stake in D. R. Horton in the 3rd quarter worth about $201,000. Finally, Tiemann Investment Advisors LLC bought a new stake in D. R. Horton in the 4th quarter worth about $203,000. Institutional investors own 81.87% of the company’s stock.
Shares of D. R. Horton (NYSE:DHI) traded down $0.23 during trading on Friday, reaching $44.24. The company’s stock had a trading volume of 2,684,872 shares, compared to its average volume of 5,342,190. The company has a debt-to-equity ratio of 0.40, a current ratio of 7.03 and a quick ratio of 0.92. The stock has a market capitalization of $16,720.00, a price-to-earnings ratio of 14.83, a P/E/G ratio of 1.19 and a beta of 1.09. D. R. Horton has a fifty-two week low of $31.27 and a fifty-two week high of $53.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. D. R. Horton’s payout ratio is presently 16.84%.
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D. R. Horton Company Profile
D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.
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