Forestar Reports Fiscal 2024 Third Quarter Results

Go back to Forestar Reports Fiscal 2024 Third Quarter Results

D.R. Horton (DHI) PT Raised to $154 at RBC Capital

July 19, 2024 6:24 AM EDT

RBC Capital analyst Mike Dahl raised the price target on D.R. Horton (NYSE: DHI) to $154.00 (from $141.00) while maintaining a Underperform rating.

The analyst comments "Our FY24E EPS rises +5% to $14.64 with FY25E also +5% to $15.36, with stronger GM% offsetting weaker orders. The strong... More

D.R. Horton (DHI) PT Raised to $190 at Jefferies

July 19, 2024 4:58 AM EDT

Jefferies analyst Collin Verron raised the price target on D.R. Horton (NYSE: DHI) to $190.00 (from $168.00) while maintaining a Buy rating.

The analyst comments "DHI reported FY3Q EPS of $4.10, ahead of our $3.98 estimate ($3.77 consensus). The beat was driven by higher HB gross margin plus ASP, and higher rental PTI, partially offset by lightly higher HB SG&A/sales and lower financial... More

Forestar Group (FOR) PT Lowered to $37 at BTIG

July 19, 2024 4:57 AM EDT

BTIG analyst Ryan Gilbert lowered the price target on Forestar Group (NYSE: FOR) to $37.00 (from $41.00) while maintaining a Buy rating.

The analyst comments "FOR reported FY3Q EPS of $0.76, below our $0.96 estimate (consensus $0.90). The miss was primarily driven by lower unit sales than we anticipated, in addition to higher SG&A/sales, slightly lower average pricing, and a higher tax rate than we modeled.... More

D. R. Horton (DHI) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY24 Revenue Guidance

July 18, 2024 6:33 AM EDT

D. R. Horton (NYSE: DHI) reported Q3 EPS of $4.10, $0.33 better than the analyst estimate of $3.77. Revenue for the quarter came in at $10 billion versus the consensus estimate of $9.64 billion.

GUIDANCE:

D. R. Horton sees FY2024 revenue of $36.8-37.2 billion, versus the... More