Q2 2024 Earnings Forecast for D.R. Horton, Inc. (NYSE:DHI) Issued By Zacks Research

D.R. Horton, Inc. (NYSE:DHI - Free Report) - Equities researchers at Zacks Research reduced their Q2 2024 earnings per share (EPS) estimates for shares of D.R. Horton in a note issued to investors on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings of $3.01 per share for the quarter, down from their previous estimate of $3.03. The consensus estimate for D.R. Horton's current full-year earnings is $14.24 per share. Zacks Research also issued estimates for D.R. Horton's Q3 2024 earnings at $4.07 EPS, Q4 2024 earnings at $4.02 EPS, FY2024 earnings at $13.93 EPS, Q1 2025 earnings at $3.03 EPS, Q2 2025 earnings at $3.34 EPS, Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $4.25 EPS, FY2025 earnings at $14.86 EPS, Q1 2026 earnings at $3.33 EPS, Q2 2026 earnings at $3.71 EPS and FY2026 earnings at $16.27 EPS.

Other research analysts have also recently issued reports about the company. UBS Group boosted their target price on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Seaport Res Ptn cut D.R. Horton from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Raymond James boosted their target price on D.R. Horton from $140.00 to $160.00 and gave the stock an "outperform" rating in a research note on Thursday, February 1st. Wedbush cut D.R. Horton from a "neutral" rating to an "underperform" rating and set a $130.00 target price for the company. in a research note on Tuesday, April 2nd. Finally, JMP Securities increased their price objective on D.R. Horton from $140.00 to $170.00 and gave the company a "market outperform" rating in a report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $154.00.

D.R. Horton Stock Down 0.2 %

DHI traded down $0.31 on Wednesday, hitting $145.74. 3,065,036 shares of the company were exchanged, compared to its average volume of 2,530,645. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75. The company has a market cap of $48.36 billion, a price-to-earnings ratio of 10.48, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64. The company has a current ratio of 6.56, a quick ratio of 1.20 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $151.94 and a two-hundred day moving average price of $138.37.

D.R. Horton (NYSE:DHI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The construction company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.88 by ($0.06). The firm had revenue of $7.73 billion during the quarter, compared to analysts' expectations of $7.55 billion. D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. D.R. Horton's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS.

Institutional Trading of D.R. Horton

Hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $27,000. Clear Street Markets LLC acquired a new stake in shares of D.R. Horton in the 4th quarter valued at approximately $28,000. Fairfield Bush & CO. acquired a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $28,000. Riverview Trust Co acquired a new stake in shares of D.R. Horton in the 1st quarter valued at approximately $30,000. Finally, Mascoma Wealth Management LLC lifted its holdings in shares of D.R. Horton by 345.6% in the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company's stock valued at $33,000 after buying an additional 235 shares during the period. 90.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other D.R. Horton news, insider David V. Auld sold 25,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $156.33, for a total transaction of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company's stock, valued at approximately $120,862,005.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total transaction of $67,076.11. Following the completion of the sale, the director now directly owns 5,650 shares of the company's stock, valued at approximately $844,053.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David V. Auld sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $156.33, for a total value of $3,908,250.00. Following the completion of the sale, the insider now directly owns 773,121 shares of the company's stock, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders have sold 27,197 shares of company stock worth $4,225,745 in the last quarter. 1.74% of the stock is owned by insiders.

D.R. Horton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.20 dividend on an annualized basis and a yield of 0.82%. D.R. Horton's dividend payout ratio is presently 8.63%.

D.R. Horton Company Profile

D.R. Horton, Inc operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 118 markets across 33 states under the names of D.R.