Dream Finders Homes (NYSE:DFH) Issues Quarterly Earnings Results

Key Points

• Dream Finders Homes reported earnings of $0.56 EPS, missing expectations by $0.09 against the consensus estimate of $0.65 EPS.
• The company's revenue for the quarter was $1.15 billion, exceeding the expected $1.02 billion.
• Following the earnings report, Wall Street Zen downgraded Dream Finders Homes from a "hold" rating to a "sell" rating.

Dream Finders Homes (NYSE:DFH - Get Free Report) announced its earnings results on Thursday. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.09), Zacks reports. Dream Finders Homes had a return on equity of 24.91% and a net margin of 6.61%. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.02 billion.

Dream Finders Homes Stock Down 2.6%

DFH stock traded down $0.68 on Wednesday, reaching $25.58. 378,694 shares of the company traded hands, compared to its average volume of 460,097. The firm has a market cap of $2.39 billion, a PE ratio of 8.28, a price-to-earnings-growth ratio of 4.81 and a beta of 1.90. Dream Finders Homes has a one year low of $19.65 and a one year high of $39.15.

Wall Street Analyst Weigh In

DFH has been the subject of a number of analyst reports. Zelman & Associates lowered Dream Finders Homes from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Wall Street Zen lowered Dream Finders Homes from a "hold" rating to a "sell" rating in a research report on Monday, July 21st.

Dream Finders Homes Company Profile

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.