Dream Finders Homes (NASDAQ:DFH) Announces Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Key Points

• Dream Finders Homes reported a quarterly earnings per share (EPS) of $0.57, falling short of analysts' expectations of $0.65 by $0.08, while experiencing a 9.0% increase in quarterly revenue year-over-year.
• The stock traded down 0.4% to $25.22, with a market capitalization of $2.36 billion, and a fifty-two week range between $19.65 and $39.15.
• CEO Patrick O. Zalupski sold 10,687 shares valued at approximately $293,037, reducing his stake slightly, while corporate insiders own 68.16% of the company's stock.

Dream Finders Homes (NASDAQ:DFH - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.08), Briefing.com reports. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. The firm's revenue was up 9.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share.

Dream Finders Homes Stock Performance

Shares of DFH traded down $0.28 during mid-day trading on Wednesday, reaching $25.98. The company had a trading volume of 100,282 shares, compared to its average volume of 458,206. The firm has a 50-day moving average price of $24.91 and a 200 day moving average price of $23.57. Dream Finders Homes has a 52 week low of $19.65 and a 52 week high of $39.15. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.90.

Insider Activity at Dream Finders Homes

In other news, CEO Patrick O. Zalupski sold 10,416 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $28.47, for a total value of $296,543.52. Following the sale, the chief executive officer directly owned 1,989,091 shares of the company's stock, valued at $56,629,420.77. The trade was a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 31,264 shares of company stock valued at $855,698. Insiders own 68.16% of the company's stock.

Institutional Trading of Dream Finders Homes

A number of hedge funds have recently made changes to their positions in DFH. Royal Bank of Canada raised its stake in Dream Finders Homes by 39.3% during the 1st quarter. Royal Bank of Canada now owns 10,275 shares of the company's stock valued at $232,000 after buying an additional 2,898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Dream Finders Homes by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,597 shares of the company's stock valued at $374,000 after buying an additional 681 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Dream Finders Homes by 8.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 519,873 shares of the company's stock valued at $11,728,000 after buying an additional 41,117 shares during the last quarter. 95.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a "neutral" rating and set a $26.00 price objective on shares of Dream Finders Homes in a research report on Tuesday, May 6th.

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.