Wall Street brokerages predict that D.R. Horton, Inc. (NYSE:DHI) will post earnings per share (EPS) of $0.84 for the current fiscal quarter, Zacks Investment Research reports. Eighteen analysts have provided estimates for D.R. Horton’s earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.88. D.R. Horton reported earnings per share of $0.75 in the same quarter last year, which suggests a positive year over year growth rate of 12%. The company is expected to issue its next quarterly earnings results before the market opens on Thursday, November 9th.

On average, analysts expect that D.R. Horton will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.69 to $2.80. For the next financial year, analysts anticipate that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $2.95 to $3.34. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for D.R. Horton.

D.R. Horton (NYSE:DHI) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.01. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.71 billion. D.R. Horton had a net margin of 7.38% and a return on equity of 14.19%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share.

Several analysts recently commented on DHI shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $36.00 target price (up previously from $34.00) on shares of D.R. Horton in a report on Thursday, July 27th. Credit Suisse Group started coverage on shares of D.R. Horton in a report on Thursday, June 22nd. They set an “outperform” rating and a $38.00 target price for the company. Raymond James Financial, Inc. raised shares of D.R. Horton from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a report on Friday, June 30th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $41.00 target price (up previously from $39.00) on shares of D.R. Horton in a report on Monday, July 10th. Finally, BidaskClub raised shares of D.R. Horton from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $36.85.

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In other news, Director Barbara K. Allen sold 1,666 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $36.03, for a total value of $60,025.98. Following the completion of the transaction, the director now directly owns 7,316 shares in the company, valued at approximately $263,595.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael W. Hewatt sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $36.11, for a total transaction of $144,440.00. Following the completion of the transaction, the director now owns 8,000 shares of the company’s stock, valued at $288,880. The disclosure for this sale can be found here. Insiders sold a total of 24,666 shares of company stock valued at $912,606 over the last 90 days. Corporate insiders own 7.20% of the company’s stock.

Several large investors have recently modified their holdings of the company. Alps Advisors Inc. raised its position in shares of D.R. Horton by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 14,554 shares of the construction company’s stock valued at $503,000 after buying an additional 37 shares in the last quarter. BKD Wealth Advisors LLC raised its position in shares of D.R. Horton by 0.3% in the 2nd quarter. BKD Wealth Advisors LLC now owns 11,395 shares of the construction company’s stock valued at $394,000 after buying an additional 39 shares in the last quarter. First Allied Advisory Services Inc. raised its position in shares of D.R. Horton by 0.4% in the 2nd quarter. First Allied Advisory Services Inc. now owns 10,141 shares of the construction company’s stock valued at $355,000 after buying an additional 42 shares in the last quarter. Cleararc Capital Inc. raised its position in shares of D.R. Horton by 0.7% in the 1st quarter. Cleararc Capital Inc. now owns 8,293 shares of the construction company’s stock valued at $276,000 after buying an additional 59 shares in the last quarter. Finally, Shufro Rose & Co. LLC raised its position in shares of D.R. Horton by 0.6% in the 2nd quarter. Shufro Rose & Co. LLC now owns 11,450 shares of the construction company’s stock valued at $396,000 after buying an additional 67 shares in the last quarter. Institutional investors own 82.29% of the company’s stock.

Shares of D.R. Horton (NYSE:DHI) traded up 1.42% on Friday, hitting $40.84. 4,156,563 shares of the stock were exchanged. The firm has a market capitalization of $15.29 billion, a PE ratio of 15.30 and a beta of 1.24. D.R. Horton has a one year low of $26.69 and a one year high of $40.85. The company has a 50-day moving average price of $36.97 and a 200-day moving average price of $34.92.

D.R. Horton declared that its Board of Directors has approved a stock repurchase plan on Wednesday, July 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the construction company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

About D.R. Horton

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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Earnings History and Estimates for D.R. Horton (NYSE:DHI)

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