D.R. Horton (DHI) Set to Announce Earnings on Tuesday

D.R. Horton (NYSE:DHI) is set to announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $4.14 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

D.R. Horton Trading Down 1.9 %

D.R. Horton stock opened at $179.24 on Friday. D.R. Horton has a 12-month low of $100.81 and a 12-month high of $199.85. The firm has a market capitalization of $59.03 billion, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.78 and a beta of 1.72. The firm has a 50 day moving average of $187.89 and a 200 day moving average of $164.64. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23.

D.R. Horton declared that its Board of Directors has approved a stock buyback plan on Thursday, July 18th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 6.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

DHI has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Wells Fargo & Company boosted their price target on shares of D.R. Horton from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, August 26th. UBS Group increased their price objective on shares of D.R. Horton from $200.00 to $217.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Citigroup downgraded shares of D.R. Horton from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $181.00 to $156.00 in a report on Tuesday, July 2nd. Finally, JMP Securities increased their price target on shares of D.R. Horton from $170.00 to $210.00 and gave the company a “market outperform” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.67.

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.