Dream Finders Homes (NASDAQ:DFH) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Dream Finders Homes (NASDAQ:DFH - Get Free Report) released its earnings results on Tuesday. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.05), Briefing.com reports. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. During the same quarter in the prior year, the business earned $0.55 earnings per share. The business's revenue for the quarter was up 19.6% compared to the same quarter last year.

Dream Finders Homes Stock Performance

Shares of Dream Finders Homes stock traded up $0.47 on Friday, hitting $23.30. The stock had a trading volume of 31,872 shares, compared to its average volume of 496,792. The stock has a 50 day moving average of $22.91 and a 200 day moving average of $25.25. The firm has a market capitalization of $2.18 billion, a P/E ratio of 7.61, a PEG ratio of 1.28 and a beta of 1.95. Dream Finders Homes has a twelve month low of $19.65 and a twelve month high of $39.15.

Insider Buying and Selling

In other news, CFO Lorena Anabel Ramsay sold 1,029 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $24.49, for a total transaction of $25,200.21. Following the completion of the transaction, the chief financial officer now directly owns 184,213 shares in the company, valued at $4,511,376.37. This trade represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 70.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

DFH has been the topic of a number of research analyst reports. Bank of America reduced their price target on shares of Dream Finders Homes from $33.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. Wedbush reaffirmed a "neutral" rating and set a $26.00 target price on shares of Dream Finders Homes in a research note on Tuesday.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.