Revenue Update on D.R. Horton(NYSE:DHI)

D.R. Horton(NYSE:DHI) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $3.15B. Analysts estimated a revenue of $3.25B. Earnings per share were $0.66. Analysts had estimated an EPS of $0.66.

In a different note, Argus Research said it Initiates Coverage on D.R. Horton, according to a research note issued on Jun 17, 2016. The shares have been rated ‘Buy’ by the firm.

D.R. Horton (DHI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.00% or 0.34 points. Due to strong positive momentum, the stock ended at $34.41, which is also near the day’s high of $34.46. The stock began the session at $34.1 and the volume stood at 53,54,093 shares. The 52-week high of the shares is $34.46 and the 52 week low is $22.97. The company has a current market capitalization of $12,764 M and it has 37,09,25,400 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Michael J Murray (EVP and COO) sold 2,944 shares at $30.34 per share price.Also, On May 3, 2016, Donald R Horton (Chairman) sold 149,035 shares at $29.88 per share price.On May 3, 2016, Bill W Wheat (EVP and CFO) sold 40,000 shares at $30.37 per share price, according to the Form-4 filing with the securities and exchange commission.

D.R. Horton Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes through its operating divisions in around 27 states and over 79 metropolitan markets of the United States under the names of D.R. Horton America’s Builder Express Homes Emerald Homes Breland Homes Regent Homes Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent the Company builds and sells attached homes such as town homes duplexes triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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