D. R. Horton (DHI) Tops Q2 EPS by 1c; Raises FY17 Revenue Guidance
Get Alerts DHI Hot Sheet
Price: $164.55 +1.54%
Revenue Growth %: +2.0%
Financial Fact:
Provision for (Benefit from) income taxes: 128.8M
Today's EPS Names:
FSI, RELV, NEOM, More
Revenue Growth %: +2.0%
Financial Fact:
Provision for (Benefit from) income taxes: 128.8M
Today's EPS Names:
FSI, RELV, NEOM, More
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D. R. Horton (NYSE: DHI) reported Q2 EPS of $0.60, $0.01 better than the analyst estimate of $0.59. Revenue for the quarter came in at $3.16 billion versus the consensus estimate of $3.09 billion.
GUIDANCE:
D. R. Horton sees FY2017 revenue of $13.6-14 billion.
The Company is updating its fiscal 2017 guidance as follows:
- Increasing the range of consolidated revenues to $13.6 billion to $14.0 billion from $13.4 billion to $13.8 billion (versus consensus $13.84-$14.24B)
- Increasing the range of homes closed to 44,500 to 46,000 homes from 43,500 to 45,500 homes
- Homebuilding SG&A expense of 8.8% to 9.1% of homebuilding revenues compared to prior guidance of approximately 9.0%
- Increasing financial services pre-tax profit margin to approximately 35% from approximately 30%
- An income tax rate of approximately 35.5% compared to prior guidance of approximately 35.0%
The Company reaffirms its previously issued fiscal 2017 guidance for other metrics including:
- Consolidated pre-tax profit margin of 11.2% to 11.5%
- Home sales gross margin of around 20%
- Diluted share count of approximately 380 million shares
- Cash flow from operations in the range of $300 million to $500 million
For earnings history and earnings-related data on D. R. Horton (DHI) click here.
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