UPDATE 3-Homebuilder D.R. Horton tops profit estimates, sees strong demand [Reuters (UK)]
D.R. Horton, Inc. (DHI)
Last d.r. horton, inc. earnings: 4/28 06:30 am
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Source: Reuters
Homebuilder D.R. Horton tops profit estimates, sees strong demand | Reuters 3 Min Read (Reuters) - D.R. Horton Inc’s ( DHI.N ) quarterly profit topped Wall Street estimates for the sixth straight quarter on Thursday and the homebuilder remained upbeat on housing demand even as borrowing costs inch up for buyers. Orders, an indicator of future revenue for homebuilders, rose about 13 percent, also coming in above analysts’ estimates although the growth was the slowest in three quarters. While there have been concerns that rising mortgage and interest rates will slow down the industry, data on Tuesday showed new single family homes rose more than expected in March and consumer confidence rebounded in April. Homebuilders, including D.R.Horton’s rivals Lennar Corp ( LEN.N ) hand PulteGroup Inc ( PHM.N ), have said that rate increases have not hurt demand so far. “Slight increase in rates that we’ve seen are really fueling demand. I see a long sustained housing market,” Chief Executiv
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News
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- This Bargain-Priced Homebuilder Stock Just Raised Its Guidance. Is It a Buy Now? [Yahoo! Finance]Yahoo! Finance
- Earnings Beat: D.R. Horton, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models [Yahoo! Finance]Yahoo! Finance
- 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
DHI
Earnings
- 4/18/24 - Beat
DHI
Sec Filings
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- 4/22/24 - Form 4
- DHI's page on the SEC website