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

D.R. Horton (NYSE:DHI) is scheduled to post 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 participating in the company’s conference call can do so using this link.

D.R. Horton Trading Down 1.9 %

NYSE:DHI opened at $179.24 on Monday. D.R. Horton has a 12-month low of $100.81 and a 12-month high of $199.85. The firm has a market cap of $59.03 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.78 and a beta of 1.72. The company has a current ratio of 7.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $187.89 and a 200 day moving average price of $164.80.

D.R. Horton declared that its Board of Directors has initiated a stock repurchase plan on Thursday, July 18th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the construction company to buy up to 6.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DHI. Royal Bank of Canada upped their target price on shares of D.R. Horton from $141.00 to $154.00 and gave the stock an “underperform” rating in a research note on Friday, July 19th. Evercore ISI raised their price objective on shares of D.R. Horton from $191.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Wedbush upgraded shares of D.R. Horton from an “underperform” rating to a “neutral” rating and set a $165.00 target price for the company in a research note on Tuesday, October 15th. Citigroup cut D.R. Horton from a “buy” rating to a “neutral” rating and cut their price target for the company from $181.00 to $156.00 in a research note on Tuesday, July 2nd. Finally, Bank of America upped their price objective on D.R. Horton from $196.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.