Barclays Reviews Q2 on D.R. Horton (DHI): Encouraged By Overall Strength, But Cutting Estimates on Lower Order
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Price: $26.01 --0%
Rating Summary:
12 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
12 Buy, 11 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Trade DHI Now!
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, with a 52 week range of $8.03-$16.45.
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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, with a 52 week range of $8.03-$16.45.
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