Q4 2017 Earnings Forecast for D.R. Horton, Inc. Issued By KeyCorp (DHI)

Q4 2017 Earnings Forecast for D.R. Horton, Inc. Issued By KeyCorp (DHI)

D.R. Horton, Inc. (NYSE:DHI) – KeyCorp dropped their Q4 2017 earnings per share estimates for D.R. Horton in a research report issued to clients and investors on Tuesday. KeyCorp analyst K. Zener now anticipates that the brokerage will post earnings of $0.83 per share for the quarter, down from their previous estimate of $0.86. KeyCorp also issued estimates for D.R. Horton’s FY2018 earnings at $2.84 EPS.

Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of D.R. Horton from a “buy” rating to a “sell” rating and set a $25.52 price objective for the company. in a research report on Tuesday, November 15th. Barclays PLC initiated coverage on shares of D.R. Horton in a research report on Thursday, January 5th. They issued an “equal weight” rating and a $28.00 price objective for the company. Evercore ISI initiated coverage on shares of D.R. Horton in a research report on Monday, November 14th. They issued a “buy” rating and a $36.00 price objective for the company. FBN Securities raised shares of D.R. Horton from an “underperform” rating to a “sector perform” rating and raised their price target for the company from $25.00 to $27.50 in a report on Monday, October 10th. Finally, MKM Partners set a $32.00 price target on shares of D.R. Horton and gave the company a “hold” rating in a report on Wednesday, November 9th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. D.R. Horton has a consensus rating of “Buy” and a consensus price target of $32.20.

Shares of D.R. Horton (NYSE:DHI) traded down 1.15% during midday trading on Friday, reaching $30.99. 2,989,150 shares of the company were exchanged. The stock’s 50-day moving average price is $28.50 and its 200-day moving average price is $30.08. D.R. Horton has a 52-week low of $22.97 and a 52-week high of $34.56. The company has a market capitalization of $11.57 billion, a PE ratio of 12.45 and a beta of 1.14.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 15th. Shareholders of record on Friday, February 3rd will be paid a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 1st. This represents a $0.40 annualized dividend and a yield of 1.28%. D.R. Horton’s payout ratio is 16.13%.

Several institutional investors have recently made changes to their positions in DHI. MCF Advisors LLC boosted its position in shares of D.R. Horton by 776.6% in the second quarter. MCF Advisors LLC now owns 3,603 shares of the company’s stock valued at $113,000 after buying an additional 3,192 shares in the last quarter. Global X Management Co. LLC boosted its position in shares of D.R. Horton by 87.0% in the third quarter. Global X Management Co. LLC now owns 5,153 shares of the company’s stock valued at $156,000 after buying an additional 2,398 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of D.R. Horton by 9.2% in the second quarter. Pacer Advisors Inc. now owns 5,956 shares of the company’s stock valued at $187,000 after buying an additional 501 shares in the last quarter. Creative Planning boosted its position in shares of D.R. Horton by 64.6% in the third quarter. Creative Planning now owns 6,689 shares of the company’s stock valued at $202,000 after buying an additional 2,625 shares in the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of D.R. Horton during the second quarter valued at about $206,000. 83.10% of the stock is currently owned by institutional investors.

D.R. Horton Company Profile

D.R. Horton, Inc is a homebuilding company. The Company constructed and sold homes in 27 states and 79 markets, as of September 30, 2015. The Company’s segments include its 39 homebuilding divisions, its financial services operations and its other business activities. In the homebuilding segment, the Company builds and sells single-family detached homes and attached homes, such as town homes, duplexes, triplexes and condominiums.

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