D. R. Horton tops expectations as demographics supporting housing demand remain favorable.
The home construction company reported Q4 EPS of $4.45, $0.52 better than the analyst estimate of $3.93, while revenue for the quarter came in at $10.05 billion, rising 9% and beating the consensus estimate of $10 billion.
Despite continued higher mortgage rates and inflationary pressures, DHI's net sales orders increased from the prior year's quarter, with the company noting that the supply of both new and existing homes at affordable price points remains limited and demographics supporting housing demand remain favorable.
DHI declared a quarterly cash dividend of $0.30 per share, representing an increase of 20% compared to its most recent dividend paid.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
D.R. Horton Stock Jumps as Housing Bellwether Beats on Earnings, Hikes DividendThe big residential home builder reports earnings and revenue ahead of analysts' expectations and raises its quarterly dividend to 30 cents a share.
Read more »
D.R. Horton Q4 profit and revenue beat analyst estimates, sending stock higherSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Read more »
Horton scores 17 points to lead new-look No. 18 Texas in 88-56 romp over Incarnate WordIthiel Horton scored 17 points and No. 18 Texas unveiled its new transfer-heavy lineup with an 88-56 season-opening romp over Incarnate Word.
Read more »
Horton scores 17 points to lead new look No. 18 Texas in 88-56 romp over Incarnate WordIthiel Horton scored 17 points and No. 18 Texas unveiled its new transfer-heavy lineup with an 88-56 season-opening romp over Incarnate Word. Texas made it to the Elite Eight last season, and then rebuilt the team with five transfers. The Longhorns needed little time to find their on-court chemistry as a 21-0 run opened up an early 26-6 lead.
Read more »
Disney, Uber, Occidental, MGM Resorts, and More Stocks to Watch This WeekThird-quarter earnings from Devon Energy, D.R. Horton, eBay, Occidental Petroleum, Uber, Kellanova, MGM Resorts, Walt Disney, and Warner Bros. Discovery, and...
Read more »
Alteryx, Tripadvisor, Vertex, UBS, RingCentral, Sanmina, Uber, and More Market MoversSoftware company Alteryx posts a narrower-than-expected third-quarter loss, and Tripadvisor beats earnings and sales expectations. Uber and D.R. Horton are...
Read more »