D.R. Horton (NYSE:DHI) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

D.R. Horton (NYSE:DHI) issued its earnings results on Tuesday. The construction company reported $2.61 EPS for the quarter, beating the consensus estimate of $2.37 by $0.24, Zacks reports. D.R. Horton had a return on equity of 19.24% and a net margin of 12.93%. The company had revenue of $7.61 billion during the quarter, compared to the consensus estimate of $7,120,170 billion. During the same period last year, the business posted $2.82 EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. D.R. Horton updated its FY 2025 guidance to EPS.

D.R. Horton Trading Down 2.7 %

Shares of DHI stock opened at $143.61 on Wednesday. The stock’s 50-day moving average price is $151.46 and its 200-day moving average price is $169.11. D.R. Horton has a 12-month low of $133.02 and a 12-month high of $199.85. The stock has a market capitalization of $46.08 billion, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 0.56 and a beta of 1.75. The company has a current ratio of 7.32, a quick ratio of 1.61 and a debt-to-equity ratio of 0.23.

D.R. Horton Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s dividend payout ratio is 11.14%.

Insider Activity

In other news, Director Barbara K. Allen sold 5,650 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $163.10, for a total transaction of $921,515.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered D.R. Horton from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $200.00 to $183.00 in a report on Tuesday, December 10th. UBS Group cut their price target on shares of D.R. Horton from $214.00 to $203.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Barclays dropped their price target on D.R. Horton from $170.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th. Citigroup dropped their price objective on D.R. Horton from $185.00 to $152.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. downgraded shares of D.R. Horton from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $188.00 to $156.00 in a research note on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $176.20.

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.