Research Analysts Set Expectations for D.R. Horton, Inc.’s Q2 2024 Earnings (NYSE:DHI)

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of D.R. Horton in a research report issued on Tuesday, April 16th. Zacks Research analyst S. Mukherjee now forecasts that the construction company will post earnings per share of $3.01 for the quarter, down from their prior 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.

D.R. Horton (NYSE:DHI) last posted its quarterly earnings results on Thursday, April 18th. The construction company reported $3.52 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.43. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $8.15 billion. D.R. Horton had a return on equity of 21.06% and a net margin of 13.18%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $2.73 earnings per share.

Other research analysts also recently issued reports about the company. Wedbush restated an “underperform” rating and issued a $130.00 price target on shares of D.R. Horton in a research note on Thursday. UBS Group lifted their target price on D.R. Horton from $155.00 to $192.00 in a research note on Monday, January 22nd. Barclays lifted their target price on D.R. Horton from $166.00 to $186.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods reduced their target price on D.R. Horton from $175.00 to $172.00 and set an “outperform” rating for the company in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada lifted their target price on D.R. Horton from $116.00 to $142.00 and gave the stock an “underperform” rating in a research note on Monday, January 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

D.R. Horton Stock Up 0.1 %

DHI stock opened at $145.91 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 6.56 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $151.97 and a two-hundred day moving average price of $138.42. The company has a market cap of $48.42 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.72 and a beta of 1.64. D.R. Horton has a twelve month low of $100.08 and a twelve month high of $165.75.

Hedge Funds Weigh In On D.R. Horton

A number of institutional investors have recently modified their holdings of DHI. Rise Advisors LLC acquired a new position in shares of D.R. Horton during the 1st quarter worth $27,000. Clear Street Markets LLC bought a new stake in D.R. Horton during the 4th quarter worth $28,000. Fairfield Bush & CO. bought a new stake in D.R. Horton during the 1st quarter worth $28,000. Riverview Trust Co bought a new stake in D.R. Horton during the 1st quarter worth $30,000. Finally, Mascoma Wealth Management LLC grew its position in D.R. Horton by 345.6% during the 3rd quarter. Mascoma Wealth Management LLC now owns 303 shares of the construction company’s stock worth $33,000 after acquiring an additional 235 shares during the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

Insider Buying and Selling at D.R. Horton

In other D.R. Horton news, Director Barbara K. Allen sold 449 shares of D.R. Horton stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $149.39, for a total value of $67,076.11. Following the completion of the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $844,053.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Barbara K. Allen sold 449 shares of the business’s stock in a transaction 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 transaction, the director now 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 is available through this link. Also, Director Barbara K. Allen sold 1,748 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $143.26, for a total value of $250,418.48. Following the transaction, the director now directly owns 5,650 shares of the company’s stock, valued at approximately $809,419. The disclosure for this sale can be found here. Insiders sold 27,197 shares of company stock valued at $4,225,745 in the last three months. Corporate insiders own 1.74% of the company’s stock.

D.R. Horton Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 9th. Shareholders of record on Thursday, May 2nd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.82%. D.R. Horton’s dividend payout ratio is presently 8.63%.

About D.R. Horton

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.