D. R. Horton (DHI) tops expectations as demographics supporting housing demand remain favorable.

Homebuilder D.R. Horton sees weaker Q1 as high mortgage rates cool demand

November 7, 2023 7:35 AM EST

By Ananta Agarwal

(Reuters) -U.S. homebuilder D.R. Horton said on Tuesday it expects a sequential decline in home sales in the first quarter as high mortgage rates temper demand for housing.

With current 30-year fixed mortgage rates nearing 8% and home prices continuing to surge due to a shortage of units for sale, many have deferred their home buying plans.

D.R. Horton, the largest U.S. homebuilder by... More

D. R. Horton (DHI) Raises Quarterly Dividend 20% to $0.30; 1% Yield

November 7, 2023 7:32 AM EST

D. R. Horton (NYSE: DHI) declared a quarterly dividend of $0.30 per share, or $1.2 annualized. This is a 20% increase from the prior dividend of $0.25.

The dividend will be payable on November 28, 2023, to stockholders of record on November 21, 2023, with an ex-dividend date of November 20,... More

D. R. Horton (DHI) Tops Q4 EPS by 52c; Guides FY Revenue Higher

November 7, 2023 6:31 AM EST

D. R. Horton (NYSE: DHI) reported Q4 EPS of $4.45, $0.52 better than the analyst estimate of $3.93. Revenue for the quarter came in at $10.05 billion versus the consensus estimate of $10 billion.

GUIDANCE:

D. R. Horton sees FY 2024 revenue of $36-37 billion, versus the... More

Futures edge up, earnings this week - what's moving markets

November 6, 2023 5:28 AM EST

Investing.com -- Stock futures on Wall Street inch higher to begin the trading week, with investors digesting the implications of recent economic data on future Federal Reserve policy decisions and looking ahead to a fresh batch of corporate earnings. Elsewhere, China's Ant Group wins approval from Beijing to release its AI model to the public, while the cash pile at Warren Buffett's Berkshire Hathaway (NYSE: BRKa) swells to a record high.

1. Futures point higher

U.S. stock futures edged up on Monday after equities on Wall Street... More