Dream Finders Homes (NYSE:DFH) Stock Rating Lowered by Zacks Research

Key Points

• Dream Finders Homes has been downgraded by Zacks Research from a "hold" rating to a "strong sell" rating, reflecting increased analyst concern about the company's stock.
• The company's quarterly earnings report revealed an EPS of $0.56, missing expectations by $0.09, despite reporting revenue that exceeded analyst estimates.
• Shares of Dream Finders Homes experienced a 1.2% decline and currently trade at $28.13, with a twelve-month low of $19.65 and a high of $39.15.

Dream Finders Homes (NYSE:DFH - Get Free Report) was downgraded by stock analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen cut Dream Finders Homes from a "hold" rating to a "sell" rating in a research note on Monday, July 21st. Zelman & Associates cut Dream Finders Homes from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce".

Dream Finders Homes Price Performance

DFH stock traded down $0.83 during trading on Tuesday, hitting $26.69. 397,695 shares of the company's stock were exchanged, compared to its average volume of 295,902. The firm's 50-day moving average price is $27.74. The firm has a market capitalization of $2.48 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 7.48 and a beta of 1.90. Dream Finders Homes has a 52-week low of $19.65 and a 52-week high of $38.02.

Dream Finders Homes (NYSE:DFH - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.09). The business had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.02 billion. Dream Finders Homes had a return on equity of 24.91% and a net margin of 6.61%.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.