D.R. Horton (NYSE:DHI – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect D.R. Horton to post earnings of $4.14 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.
D.R. Horton Stock Performance
NYSE DHI opened at $179.24 on Monday. The stock has a market capitalization of $59.03 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.78 and a beta of 1.72. The stock has a 50-day moving average of $187.89 and a 200 day moving average of $164.80. 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 has a twelve month low of $100.81 and a twelve month high of $199.85.
D.R. Horton announced that its Board of Directors has initiated a stock buyback plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 6.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
Read Our Latest Report on D.R. Horton
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.
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