D.R. Horton's Management Thinks Housing Will Remain Strong Into 2020 [The Motley Fool]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: The Motley Fool
So much so that it is already giving cash flow guidance for 2020. There have been a few signs that the booming housing market is losing steam. Housing inventories increased for the first time in three years back in June, and the average selling prices for new homes have started to slow down compared to prior quarters even though labor and materials costs are still on the rise. Despite these signs that headwinds are on the horizon, homebuilder D.R. Horton ( NYSE:DHI ) issued some rather ambitious guidance numbers, not just for the next fiscal year but for fiscal 2020 as well. Let's take a look at D.R. Horton's most recent earnings results and see why management is confident in its strategy and the housing market that it can issue guidance so far into the future. Image source: D.R. Horton. By the numbers Metric Q3 2018 Q2 2018 Q3 2017 Revenue $4.43 billion $3.79 billion $3.78 billion Gross profit $1.04 billion $833.1 million
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DHI
News
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Royal Bank of Canada from $142.00 to $141.00. They now have an "underperform" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Bank of America Co. from $182.00 to $168.00. They now have a "buy" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE:DHI) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- D.R. Horton, Inc. (NYSE: DHI) had its price target raised by analysts at Jefferies Financial Group Inc. from $141.00 to $153.00. They now have a "hold" rating on the stock.MarketBeat
- D.R. Horton, Inc. (NYSE: DHI) had its price target lowered by analysts at Barclays PLC from $186.00 to $176.00. They now have an "overweight" rating on the stock.MarketBeat
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/18/24 - Form 8-K
- 4/10/24 - Form SC
- 4/5/24 - Form SC
- DHI's page on the SEC website