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Dream Finders Homes (NYSE:DFH) Shares Gap Down - Here's What Happened

Dream Finders Homes logo with Construction background

Key Points

  • Dream Finders Homes shares gapped down prior to market opening, moving from a closing price of $30.12 to an opening price of $29.29.
  • The company reported earnings per share of $0.56 for the last quarter, falling short of the $0.65 consensus estimate, while revenue exceeded expectations at $1.15 billion.
  • Several analysts have adjusted their ratings for Dream Finders Homes, with Zelman & Associates downgrading it from "strong-buy" to "hold" and Zacks Research raising it from "strong sell" to "hold."
  • Interested in Dream Finders Homes? Here are five stocks we like better.

Dream Finders Homes, Inc. (NYSE:DFH - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $30.12, but opened at $29.29. Dream Finders Homes shares last traded at $29.34, with a volume of 16,519 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DFH shares. 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. Finally, Zacks Research raised Dream Finders Homes from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of "Hold".

Get Our Latest Stock Analysis on Dream Finders Homes

Dream Finders Homes Stock Down 4.7%

The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 5.47 and a beta of 1.90.

Dream Finders Homes (NYSE:DFH - Get Free Report) last issued 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). 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 analyst estimates of $1.02 billion.

About Dream Finders Homes

(Get Free Report)

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.

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