D.R. Horton (DHI) Set to Announce Quarterly Earnings on Tuesday

D.R. Horton (NYSE:DHI) 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

DHI has been the topic of a number of research reports. Wells Fargo & Company raised their price objective on D.R. Horton from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Monday, August 26th. Evercore ISI upped their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. JMP Securities raised their target price on shares of D.R. Horton from $170.00 to $210.00 and gave the stock a “market outperform” rating in a research note on Friday, July 19th. Citigroup lowered D.R. Horton from a “buy” rating to a “neutral” rating and dropped their price target for the company from $181.00 to $156.00 in a research report on Tuesday, July 2nd. Finally, Wedbush raised D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.