D.R. Horton, Inc. (NYSE:DHI) residential construction and land acquisition realtor, is expected to report third quarter earnings results, before market open, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.30 per share.
Looking ahead, the full year income are expected at $ 5.00 per share on the revenues of $ 18553.70 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 18,500.00 million ~ $ 19,100.00 million
Click Here For More Historical Outlooks Of D.R. Horton, Inc.
Previous Quarter Performance
D.R. Horton, Inc. reported income for the second quarter of $ 1.30 per share, from the revenue of $ 4,500.00 million. The quarterly earnings gained 39.78 percent compared with the same quarter last year. The consensus estimates are income of $ 1.12 per share from $ 4449.45 million in revenue. The bottom line results beat street analysts by $ 0.18 or 16.07 percent, at the same time, top line results outshined analysts by $ 50.55 million or 1.14 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of DHI was $ 66.57, representing a 160.96 % increase from the 52 week low of $ 25.51 and a 0.15 % decrease over the 52 week high of $ 66.67.
The company has a market capital of $ 24.20 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
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Recent Analyst recommendations
- On 13th July 2020, maintained by Seaport Global Securities at Buy rating, with $ 66.00 target price.
- On 15th June 2020, maintained by Citigroup at Buy rating, with $ 69.00 target price.
- On 11th June 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating.
Recent Stock Dividend Announcement
On April 28, 2020, the board of directors authorized quarterly dividend of $ 0.175 per share to holders of record as of the close of business on May 11, 2020, with payment date of May 21, 2020 and ex-dividend date on May 8, 2020.
Conference Call
D.R. Horton, Inc. will be hosting a conference call at 8:30 AM eastern time on 28th July 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.drhorton.com
D.R. Horton, Inc. operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States.
