D.R. Horton (NYSE:DHI) Releases Earnings Results, Misses Estimates By $0.28 EPS

D.R. Horton (NYSE:DHI) issued its quarterly earnings results on Tuesday. The construction company reported $3.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.20 by ($0.28), Briefing.com reports. D.R. Horton had a return on equity of 20.72% and a net margin of 13.36%. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $10.22 billion. During the same quarter in the previous year, the business earned $4.45 EPS. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. D.R. Horton updated its FY 2025 guidance to EPS.

D.R. Horton Stock Up 1.2 %

Shares of DHI opened at $169.29 on Thursday. The firm has a market cap of $55.75 billion, a P/E ratio of 11.52, a P/E/G ratio of 0.78 and a beta of 1.72. D.R. Horton has a 1 year low of $102.23 and a 1 year high of $199.85. The stock has a 50 day simple moving average of $187.29 and a two-hundred day simple moving average of $165.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 7.22 and a quick ratio of 1.30.

D.R. Horton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 19th. Stockholders of record on Tuesday, November 12th will be issued a $0.40 dividend. This is a boost from D.R. Horton’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, November 12th. D.R. Horton’s dividend payout ratio is presently 8.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. JMP Securities boosted their target price on D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a research note on Friday, July 19th. Royal Bank of Canada dropped their price objective on shares of D.R. Horton from $154.00 to $145.00 and set an “underperform” rating on the stock in a report on Wednesday. Bank of America lifted their target price on shares of D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. UBS Group dropped their price target on shares of D.R. Horton from $217.00 to $214.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Evercore ISI reduced their price objective on shares of D.R. Horton from $218.00 to $204.00 and set an “outperform” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $185.87.

D.R. Horton announced that its board has authorized a share buyback program on Thursday, July 18th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.