Equities research analysts forecast that D. R. Horton Inc (NYSE:DHI) will post earnings per share (EPS) of $1.06 for the current quarter, Zacks Investment Research reports. Sixteen analysts have provided estimates for D. R. Horton’s earnings, with estimates ranging from $1.01 to $1.12. D. R. Horton posted earnings per share of $1.18 in the same quarter last year, which would suggest a negative year over year growth rate of 10.2%. The company is expected to report its next earnings results before the market opens on Tuesday, July 30th.

According to Zacks, analysts expect that D. R. Horton will report full year earnings of $3.91 per share for the current fiscal year, with EPS estimates ranging from $3.73 to $4.07. For the next year, analysts anticipate that the business will post earnings of $4.34 per share, with EPS estimates ranging from $3.52 to $5.00. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow D. R. Horton.

D. R. Horton (NYSE:DHI) last released its quarterly earnings data on Thursday, April 25th. The construction company reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. D. R. Horton had a return on equity of 16.96% and a net margin of 9.39%. The business had revenue of $4.13 billion for the quarter, compared to analyst estimates of $4.04 billion. During the same quarter in the prior year, the firm posted $0.91 EPS. The business’s quarterly revenue was up 8.8% compared to the same quarter last year.

A number of brokerages have recently issued reports on DHI. Susquehanna Bancshares began coverage on Dow Chemical in a research report on Wednesday, April 17th. They set a “positive” rating on the stock. JMP Securities set a $79.00 target price on LGI Homes and gave the company a “buy” rating in a research report on Tuesday, April 9th. KeyCorp decreased their target price on G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Buckingham Research increased their target price on PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Barclays set a $46.00 target price on D. R. Horton and gave the company a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company’s stock. D. R. Horton presently has a consensus rating of “Buy” and an average price target of $47.23.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake in shares of D. R. Horton by 36.0% in the 4th quarter. FMR LLC now owns 16,346,693 shares of the construction company’s stock worth $566,576,000 after acquiring an additional 4,327,013 shares during the last quarter. Norges Bank acquired a new stake in shares of D. R. Horton in the 4th quarter worth $115,236,000. Sanders Capital LLC increased its stake in shares of D. R. Horton by 11.5% in the 1st quarter. Sanders Capital LLC now owns 20,738,137 shares of the construction company’s stock worth $939,830,000 after acquiring an additional 2,144,100 shares during the last quarter. OppenheimerFunds Inc. increased its stake in shares of D. R. Horton by 3,904.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,673,669 shares of the construction company’s stock worth $69,257,000 after acquiring an additional 1,631,870 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of D. R. Horton by 2.4% in the 1st quarter. BlackRock Inc. now owns 29,641,765 shares of the construction company’s stock worth $1,226,577,000 after acquiring an additional 707,543 shares during the last quarter. 87.02% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:DHI remained flat at $$44.50 during midday trading on Wednesday. The stock had a trading volume of 3,405,876 shares, compared to its average volume of 3,077,000. D. R. Horton has a 52-week low of $32.39 and a 52-week high of $47.02. The firm has a market cap of $16.61 billion, a PE ratio of 10.88, a P/E/G ratio of 1.04 and a beta of 1.12. The company has a current ratio of 7.27, a quick ratio of 0.83 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $44.61.

About D. R. Horton

D.R. Horton, Inc operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R.

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