Barclays Reviews Q2 on D.R. Horton (DHI): Encouraged By Overall Strength, But Cutting Estimates on Lower Order

April 24, 2012 3:57 PM EDT Send to a Friend
Get Alerts DHI Hot Sheet
Price: $22.79 -0.09%

Rating Summary:
    16 Buy, 9 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 29 | Down: 45 | New: 4
Trade DHI Now!
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on D.R. Horton (NYSE: DHI) price target of $22.00.

Analyst, Stephen Kim, said, "Overall we were very encouraged by the strength of DHI's results this quarter but we note that management commentary and guidance were more constrained than Lennar's (NYSE: LEN) was two weeks ago. The company guided for gross margins to be flat to down for the remainder of the year and was unwilling to commit to a range of community count growth. It noted it was not yet seeing broad opportunities to raise prices."

Barclays lowers FY12 EPS estimate from $0.74 to $0.64 and FY13 from $0.90 to $0.78.

For an analyst ratings summary and ratings history on D.R. Horton click here. For more ratings news on D.R. Horton click here.

Shares of D.R. Horton closed at $15.06 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities

Barclays, Raising Prices

Add Your Comment