UPDATE 3-Homebuilder D.R. Horton tops profit estimates, sees strong demand [Reuters]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
D.R. Horton sells more homes, beats profit estimates | Reuters Reuters Staff 3 Min Read (Reuters) - D.R. Horton Inc ( DHI.N ) topped Wall Street estimates for the sixth straight quarter on Thursday as it sold 15 percent more homes across the country even as borrowing costs inch up for home buyers. Orders, an indicator of future revenue for homebuilders, rose about 13 percent, encouraging the company to raise the lower end of its previously issued full-year forecasts for home sales, revenue and gross margins. U.S. new single family home sales, where D.R. Horton leads the market, rose more than expected in March, while consumer confidence rebounded in April, economic data showed on Tuesday. In the past few months, there have been concerns about a potential slowdown in the industry as higher mortgage and interest rates make borrowing dearer for buyers, while an increase in lumber costs pressure margins at homebuilders. But D.R. Horton as well as peers Lennar Corp ( LEN.N ) and PulteG
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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