D.R. Horton Inc. [NYSE: DHI] closed the trading session at $148.25. The company report on March 12, 2024 at 2:00 PM that D.R. Horton, Inc. to Release 2024 Second Quarter Earnings on April 18, 2024.
D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced today that the Company will release financial results for its second quarter ended March 31, 2024 on Thursday, April 18, 2024 before the market opens. The Company will host a conference call that morning at 8:30 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 246190. Participants are encouraged to call in five minutes before the call begins (8:25 a.m. ET). The call will also be webcast from the Company’s website at investor.drhorton.com.
A replay of the call will be available after 12:30 p.m. ET on Thursday, April 18, 2024 at 877-481-4010. When calling, please reference replay passcode 50132. The teleconference replay will be available through April 25, 2024. The webcast replay will be available from the Company’s website at investor.drhorton.com through July 31, 2024.
The stocks have a year to date performance of -2.45 percent and weekly performance of -6.06 percent. The stock has been moved at 39.71 percent over the last six months. The stock has performed -2.92 percent around the most recent 30 days and changed -2.31 percent over the most recent 3-months.
If compared to the average trading volume of 2.52M shares, DHI reached to a volume of 3335490 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about D.R. Horton Inc. [DHI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DHI shares is $170.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DHI stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for D.R. Horton Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 02, 2024. The new note on the price target was released on January 22, 2024, representing the official price target for D.R. Horton Inc. stock. Previously, the target price had yet another raise from $148 to $164, while Keefe Bruyette kept a Outperform rating on DHI stock.
The Average True Range (ATR) for D.R. Horton Inc. is set at 4.22, with the Price to Sales ratio for DHI stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 2.13, with the Price to Cash per share for the same quarter was set at 10.08. Price to Free Cash Flow for DHI in the course of the last twelve months was 15.50 with Quick ratio for the last quarter at 1.24.
DHI stock trade performance evaluation
D.R. Horton Inc. [DHI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.06. With this latest performance, DHI shares dropped by -2.92% in over the last four-week period, additionally plugging by 39.71% over the last 6 months – not to mention a rise of 54.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DHI stock in for the last two-week period is set at 40.02, with the RSI for the last a single of trading hit 33.63, and the three-weeks RSI is set at 44.18 for D.R. Horton Inc. [DHI]. The present Moving Average for the last 50 days of trading for this stock 151.23, while it was recorded at 155.60 for the last single week of trading, and 131.53 for the last 200 days.
D.R. Horton Inc. [DHI]: An insightful look at the core fundamentals
D.R. Horton Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.24 and a Current Ratio set at 8.99.
Earnings per share (EPS) analysis for D.R. Horton Inc. [DHI] stock
With the latest financial reports released by the company, D.R. Horton Inc. posted 2.73/share EPS, while the average EPS was predicted by analysts to be reported at 1.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 41.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DHI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for D.R. Horton Inc. go to 5.88%.
D.R. Horton Inc. [DHI]: Institutional Ownership
The top three institutional holders of DHI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DHI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DHI stock with ownership which is approximately 5.8386%.
