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

D.R. Horton, Inc. (NYSE:DHI) – Equities research analysts at Zacks Research reduced 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 of $3.01 per share for the quarter, down from their previous forecast 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.

Several other equities analysts have also weighed in on DHI. Wedbush lowered D.R. Horton from a “neutral” rating to an “underperform” rating and set a $130.00 price target for the company. in a research note on Tuesday, April 2nd. Barclays boosted their price objective 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 report on Wednesday, January 24th. Seaport Res Ptn cut D.R. Horton from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group increased their target price on D.R. Horton from $150.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.00.

D.R. Horton Price Performance

Shares of D.R. Horton stock traded down $0.31 on Wednesday, hitting $145.74. The company’s stock had a trading volume of 3,065,030 shares, compared to its average volume of 2,529,067. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.20 and a current ratio of 6.56. D.R. Horton has a 1 year low of $100.08 and a 1 year high of $165.75. The firm has a fifty day moving average price of $151.92 and a 200-day moving average price of $138.32. The company has a market capitalization of $48.36 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.64.

D.R. Horton (NYSE:DHI) last issued 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). D.R. Horton had a net margin of 13.18% and a return on equity of 21.06%. The company had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.55 billion. During the same period last year, the firm earned $2.76 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

D.R. Horton Dividend Announcement

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

Insider Transactions at D.R. Horton

In other news, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 773,121 shares in the company, valued at $120,862,005.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other D.R. Horton news, Director Barbara K. Allen sold 1,748 shares of the firm’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 sale, the director now directly owns 5,650 shares in the company, valued at $809,419. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David V. Auld sold 25,000 shares of the firm’s stock in a transaction 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 owns 773,121 shares in the company, valued at $120,862,005.93. The disclosure for this sale can be found here. Insiders sold a total of 27,197 shares of company stock worth $4,225,745 over the last ninety days. Company insiders own 1.74% of the company’s stock.

Institutional Trading of D.R. Horton

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Guidance Capital Inc. increased its position in shares of D.R. Horton by 158.4% during the first quarter. Guidance Capital Inc. now owns 9,676 shares of the construction company’s stock worth $1,592,000 after purchasing an additional 5,931 shares in the last quarter. WD Rutherford LLC purchased a new stake in D.R. Horton in the 1st quarter valued at approximately $488,000. OneAscent Financial Services LLC boosted its holdings in D.R. Horton by 23.9% in the 1st quarter. OneAscent Financial Services LLC now owns 3,370 shares of the construction company’s stock valued at $555,000 after purchasing an additional 651 shares in the last quarter. OneAscent Wealth Management LLC boosted its stake in shares of D.R. Horton by 23.4% during the 1st quarter. OneAscent Wealth Management LLC now owns 2,525 shares of the construction company’s stock worth $415,000 after acquiring an additional 479 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of D.R. Horton by 2.0% during the 1st quarter. Atlantic Union Bankshares Corp now owns 47,761 shares of the construction company’s stock worth $7,859,000 after acquiring an additional 949 shares in the last quarter. Institutional investors and hedge funds own 90.63% of the company’s stock.

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.