|Bid||0.00 x 900|
|Ask||0.00 x 1200|
|Day's Range||53.88 - 55.07|
|52 Week Range||32.39 - 55.67|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||12.65|
|Forward Dividend & Yield||0.70 (1.29%)|
|1y Target Est||N/A|
It's been a good week for D.R. Horton, Inc. (NYSE:DHI) shareholders, because the company has just released its latest...
Green Brick has waded into the highly competitive entry-level home market, putting the Plano-based homebuilder head to head with the D.R. Hortons, Pultes and Lennars of the world. CEO Jim Brickman isn't worried.
U.S. stocks mostly ended higher on Tuesday as President Donald Trump suggests a trade deal could happen soon but did not offer much clarity on the possibility of a tariff rollback as part of the agreement.
D.R. Horton reported better-than-expected fiscal fourth-quarter earnings. The homebuilding giant also gave upbeat 2020 revenue guidance. D.R. Horton stock closed up. D.R. Horton Earnings Estimates: Wall Street expected D.
D.R. Horton Inc topped expectations for quarterly profit and forecast 2020 home sales above analysts' estimates, as cheaper mortgage rates buoyed demand from buyers, sending shares in the biggest U.S. homebuilder up as much as 6%. The company said it pulled back on incentives in the fourth quarter, but they remained elevated for higher-priced homes. In the quarter, the company's average price for orders was $302,300, up only 1% from last year but in line with the broader trend of easing home prices as builders targeted first-time buyers and focused on more lower-priced homes.
Today is the big day for the long-awaited Disney+ streaming service from The Walt Disney Company (DIS), marking its bid for a piece of the home entertainment space.
A rise in technology stocks drove the S&P 500 and Nasdaq indexes to new record highs on Tuesday, while investors awaited a speech by President Donald Trump for clarity on U.S.-China trade relations. Hopes of a resolution to the 16-month long tariff war and a strong corporate earnings season have propelled Wall Street this month.
The earnings news gave the stock an early 3% boost that continues its momentum this year. Shares are up more than 50% in 2019.
(Bloomberg) -- Homebuilder D.R. Horton Inc. reported quarterly orders that beat analysts’ estimates, sending its shares to a record high.In the three months through September, purchase contracts jumped 14% from a year earlier to 13,130, the Arlington, Texas-based company said in a statement Tuesday. Analysts surveyed by Bloomberg were expecting a gain of 7.9%. The company also posted higher than expected profit and boosted its dividend, sending its shares higher.Key InsightsD.R. Horton was one of the first builders to focus on lower-cost homes for millennials, and that’s paying off. The company is filling a hole in the market left by a severe shortage of entry-level existing homes, and the higher prices charged by its peers. This year’s drop in mortgage rates has given D.R. Horton an especially big boost because many of its buyers are former renters who otherwise might not have been able to afford a purchase. The cheaper borrowing costs have boosted the overall industry, including builders selling more expensive trade-up homes like PulteGroup Inc.D.R. Horton’s results were particularly impressive given some tough year-over-year comparisons. While some builders saw orders weaken last year, D.R. Horton’s results remained relatively strong. The company has maintained profit margins, taking advantage of lower lumber costs.Market ReactionThe shares jumped as much as 5.7% to $55.67 on Tuesday. It’s the biggest intraday gain in more than three months and pushed the stock to its highest level since the company went public in 1992.Get MoreClick here to read D.R. Horton’s earnings statement.(Updates with share price.)\--With assistance from Karen Lin.To contact the reporter on this story: Prashant Gopal in Boston at email@example.comTo contact the editors responsible for this story: Craig Giammona at firstname.lastname@example.org, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
D.R. Horton's (DHI) affordable product offerings across multiple brands and higher deliveries aid the company to post better-than-expected fiscal Q4 results.
A resilient stock market awaits President Trump's speech Tuesday for China trade deal hints. Cronos reports early, with fellow marijuana stock Tilray due late.
D.R. Horton (DHI) delivered earnings and revenue surprises of 8.00% and 2.73%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
D.R. Horton (NYSE: DHI ) reported fourth-quarter earnings of $1.35 per share on Tuesday, which beat the analyst consensus estimate of $1.25 by 8%. This is a 10.66% increase over earnings of $1.22 per share ...
Buddy Lyons has branched out from the Triad to develop single-family communities near the beach and near the lake. Meanwhile, he's started the first of several upscale storage facilities he has planned throughout the Triad. Lyons' LeoTerra Development is building lots on a planned 302-lot subdivision near Myrtle Beach.
Shares of D.R. Horton Inc. were indicated up about 1.6% in premarket trading Tuesday, after the home builder reported fiscal fourth-quarter results that beat expectations and provided and upbeat outlook. Net income rose to $505.3 million, or $1.35 a share, from $466.1 million, or $1.22 a share, in the same period a year ago. The FactSet EPS consensus was $1.25. Revenue grew 11.7% to $5.04 billion, above the FactSet consensus of $4.83 billion. Homes closed rose 9% to 16,024 homes, above expectations of 15,840, while the value of closed homes increased 10% to $4.8 billion. Net sales orders increased 14% to 13,130 homes, beating expectations of 12,450, and the value of sales orders grew 16% to $4.0 billion. For fiscal 2020, the company expects revenue of $18.5 billion to $19.0 billion, above the FactSet consensus of $18.4 billion. The stock has rallied 12.1% over the past three months, while the SPDR S&P Homebuilders ETF has climbed 12.4% and the S&P 500 has gained 7.1%.
Book profits on homebuilder D.R. Horton on strength to its monthly risky level at $55.43. The stock set its all-time intraday high of $55.67 at the open and has an elevated P/E multiple for a homebuilder.
D.R. Horton topped earnings views and gave bullish revenue guidance. jumped to a record high, reversed to fall modestly before closing up with a decent gain. Overall, the homebuilder stock is doing well, but housing stocks often have wild action after earnings.