For its third fiscal quarter (ending June 30), D.R. Horton Inc. (NYSE: DHI) has reported a 5% increase in E.P.S. from $3.93 a year ago to $4.12 in the current quarter. This performance was $0.33 better than the consensus estimate of $3.79. E.P.S. were $14.99 for the latest four quarters through June 30 versus $14.16 for the same period a year ago — an increase of 6%.
Recent Price Action
D.R. Horton Inc. (NYSE: DHI) stock enjoyed a major increase of 10.1% on 7/18/24. The shares closed at $173.42. Moreover, exceptionally high trading volume at 380% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 24.2% during the last week.
Current PriceTarget Research Rating
DHI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
D.R. Horton has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. D.R. Horton has a good Appreciation Score of 77 and a good Power Rating of 81, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment