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

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

D.R. Horton Trading Up 0.8 %

Shares of DHI stock opened at $147.83 on Tuesday. The firm has a fifty day moving average of $151.85 and a 200-day moving average of $169.02. The stock has a market cap of $47.43 billion, a price-to-earnings ratio of 10.29, a P/E/G ratio of 0.56 and a beta of 1.75. D.R. Horton has a 52-week low of $133.02 and a 52-week high of $199.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.61 and a current ratio of 7.32.

D.R. Horton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 19th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.40 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.08%. This is an increase from D.R. Horton’s previous quarterly dividend of $0.30. D.R. Horton’s payout ratio is currently 11.14%.

Wall Street Analyst Weigh In

DHI has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on D.R. Horton from $190.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. BTIG Research dropped their price target on shares of D.R. Horton from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Citigroup lowered their target price on shares of D.R. Horton from $185.00 to $152.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Evercore ISI cut their target price on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. downgraded D.R. Horton from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $188.00 to $156.00 in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $176.20.

Insider Activity

In related news, Director Barbara K. Allen sold 5,650 shares of the firm’s stock in a transaction that occurred 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.54% of the stock is owned by company insiders.

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.