Barclays Maintains an 'Overweight' on D.R. Horton (DHI); Cutting Price Target and FY12 Estimates
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Price: $148.81 -0.71%
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 23 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Overweight' on D.R. Horton (NYSE: DHI) price target of $20.00 (from $22.00).
Analyst, Stephen Kim, said, "DHI reported 3Q12 (June) adjusted EPS of $0.21 vs. our estimate of $0.21 and consensus of $0.20. The message so far from the builders this earnings season is that the housing recovery gained significant momentum in 2Q12, with volumes up an average of 29%, and builders citing the ability to raise prices in more communities."
Kim expects the second half of 2012 should see price increases and growth in deliveries will help operating margins. However, after DHI's conference call, Kim lower Fy12 EPS estimate from $0.76 to $0.70, but raises FY13 from $0.83 to $0.87.
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, Stephen Kim, said, "DHI reported 3Q12 (June) adjusted EPS of $0.21 vs. our estimate of $0.21 and consensus of $0.20. The message so far from the builders this earnings season is that the housing recovery gained significant momentum in 2Q12, with volumes up an average of 29%, and builders citing the ability to raise prices in more communities."
Kim expects the second half of 2012 should see price increases and growth in deliveries will help operating margins. However, after DHI's conference call, Kim lower Fy12 EPS estimate from $0.76 to $0.70, but raises FY13 from $0.83 to $0.87.
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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