 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
D.R. Horton, Inc. (DHI) operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States.
It engages in the acquisition and development of land; and construction and sale of homes in 27 states and 81 markets in the United States under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, Freedom Homes, and Pacific Ridge Homes.
The company constructs and sells single-family detached homes; and attached homes, such as town homes, duplexes, and triplexes.
It is also involved in the origination and sale of mortgages; and provision of title insurance policies, and examination and closing services, as well as engages in the residential lot development business. The company primarily serves homebuyers.
On November 30th, D.R. Horton reported Quarter September 2019 earnings of $1.35 per share on revenue of $5.0 billion. The consensus earnings estimate was $1.25 per share on revenue of $4.8 billion. Revenue grew 11.8% on a year-over-year basis.
The company said it expects fiscal 2020 revenue of $18.50 billion to $19.00 billion. The current consensus estimate is revenue of $18.58 billion for the year ending September 30, 2020.
The results pushed shares to a bullish "cup and handle." We expect higher share prices.
Entry Point: $59.00
Stop Loss: $56.00
Trading Range: $34.96 to $59.225
Target Price: $64.90
DHI closed at $36.50
