D.R. Horton (DHI) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.46. The company posted revenue of $2701.00 million in the period, compared to analysts expectations of $2693.22 million. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS.
Many Wall Street Analysts have commented on D.R. Horton. D.R. Horton was Downgraded by FBN Securities to ” Underperform” on Apr 18, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 26, 2016 to “Outperform” and Lowered the Price Target to $ 31 from a previous price target of $35 .
D.R. Horton opened for trading at $31.1 and hit $31.48 on the upside on Monday, eventually ending the session at $31.4, with a gain of 0.10% or 0.03 points. The heightened volatility saw the trading volume jump to 31,79,867 shares. Company has a market cap of $11,611 M.
In a different news, on Mar 14, 2016, Michael W Hewatt (director) sold 940 shares at $29.25 per share price. According to the SEC, on Mar 14, 2016, Barbara K Allen (director) sold 940 shares at $29.32 per share price. On Mar 8, 2016, Bill W Wheat (EVP and CFO) sold 2,838 shares at $28.17 per share price, according to the Form-4 filing with the securities and exchange commission.
D.R. Horton Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes through its operating divisions in around 27 states and over 79 metropolitan markets of the United States under the names of D.R. Horton America’s Builder Express Homes Emerald Homes Breland Homes Regent Homes Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent the Company builds and sells attached homes such as town homes duplexes triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.