D.R. Horton (DHI) Scheduled to Post Earnings on Tuesday

D.R. Horton (NYSE:DHI) will 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. Investors interested in listening to the company’s conference call can do so using this link.

D.R. Horton Price Performance

D.R. Horton stock opened at $186.23 on Tuesday. The firm has a market cap of $61.33 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. D.R. Horton has a 52-week low of $100.08 and a 52-week high of $199.85. The company has a quick ratio of 1.30, a current ratio of 7.22 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $187.49 and its two-hundred day moving average is $164.09.

D.R. Horton announced that its Board of Directors has approved a share buyback plan on Thursday, July 18th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 6.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on DHI shares. Bank of America increased their price objective on shares of D.R. Horton from $196.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods increased their target price on shares of D.R. Horton from $178.00 to $208.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. increased their target price on shares of D.R. Horton from $163.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Barclays increased their target price on shares of D.R. Horton from $168.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, Evercore ISI increased their target price on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One investment 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, D.R. Horton has an average rating of “Moderate Buy” and an average target price 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.