D. R. Horton (DHI) Tops Q3 EPS by 19c, Approves $1B Buyback

D. R. Horton (NYSE: DHI) reported Q3 EPS of $1.26, $0.19 better than the analyst estimate of $1.07. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $4.52 billion.

Share Repurchases

The Company repurchased 3.7 million shares of common stock for $159.3 million during the third quarter of fiscal 2019, for a total of 9.8 million shares of common stock for $375.5 million during the nine months ended June 30, 2019. There was no balance remaining on the Company’s stock repurchase authorization at June 30, 2019. Subsequent to quarter-end, the Company’s Board of Directors authorized the repurchase of up to $1.0 billion of common stock effective July 30, 2019. The new authorization has no expiration date.

For earnings history and earnings-related data on D. R. Horton (DHI) click here.

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