Williams Financial Group Reiterates a 'Buy' on D.R. Horton (DHI); Expect Continued Outperformance Vs. Peers
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Price: $145.82 -3.3%
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 8
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Williams Financial Group reiterates a 'Buy' on D.R. Horton (NYSE: DHI) price target of $22.00.
Analyst, David N. Williams, said, "DHI turned mixed results, delivering slightly lower than expected revenue of $1.12 billion and EPS of $0.23 (ex DTA reversal) vs. consensus estimates of $1.18 billion in revenues and $0.21 EPS. While we are encouraged by the market improvements and obviously upbeat management outlook (among other metrics) which allowed for the DTA reversal this quarter, it was not surprising following recent moves by Lennar (NYSE: LEN) and a partial State DTA reversal from Meritage (NYSE: MTH) as housing trends continue building momentum."
"In our opinion, DHI continues to be an industry leader with diverse market positioning, a healthy balance sheet and modestly improving operating metrics, which will likely continue to drive outperformance vs. the peer group."
FY12 EPS estimate raised from $0.62 to $0.72 and FY13 from $0.99 to $1.06.
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 $18.39 yesterday.
Analyst, David N. Williams, said, "DHI turned mixed results, delivering slightly lower than expected revenue of $1.12 billion and EPS of $0.23 (ex DTA reversal) vs. consensus estimates of $1.18 billion in revenues and $0.21 EPS. While we are encouraged by the market improvements and obviously upbeat management outlook (among other metrics) which allowed for the DTA reversal this quarter, it was not surprising following recent moves by Lennar (NYSE: LEN) and a partial State DTA reversal from Meritage (NYSE: MTH) as housing trends continue building momentum."
"In our opinion, DHI continues to be an industry leader with diverse market positioning, a healthy balance sheet and modestly improving operating metrics, which will likely continue to drive outperformance vs. the peer group."
FY12 EPS estimate raised from $0.62 to $0.72 and FY13 from $0.99 to $1.06.
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 $18.39 yesterday.
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