Edition:
United States

D.R. Horton Inc (DHI.N)

DHI.N on New York Stock Exchange

37.77USD
17 Oct 2018
Change (% chg)

$-0.88 (-2.28%)
Prev Close
$38.65
Open
$38.21
Day's High
$38.35
Day's Low
$37.75
Volume
140,552
Avg. Vol
894,026
52-wk High
$53.24
52-wk Low
$37.29

Latest Key Developments (Source: Significant Developments)

Forestar Announces Strategic Asset Sale To Starwood Capital Group For $232 Mln
Thursday, 8 Feb 2018 04:30pm EST 

Feb 8 (Reuters) - Forestar Group Inc ::FORESTAR ANNOUNCES STRATEGIC ASSET SALE TO STARWOOD CAPITAL GROUP FOR $232 MILLION.FORESTAR GROUP INC - TRANSACTION IS NOT EXPECTED TO HAVE A MATERIAL IMPACT ON FORESTAR'S FISCAL 2018 EARNINGS.FORESTAR GROUP INC - ‍IN FISCAL 2018, EXPECTS TO INVEST ABOUT $400 MILLION IN LAND ACQUISITION AND DEVELOPMENT.FORESTAR GROUP INC - ‍IN FISCAL 2018, FORESTAR EXPECTS TO INVEST APPROXIMATELY $400 MILLION IN LAND ACQUISITION AND DEVELOPMENT​.FORESTAR GROUP INC - ‍FORESTAR ALSO EXPECTS ITS ANNUAL DELIVERIES TO GROW TO APPROXIMATELY 10,000 LOTS BY FISCAL 2020​.FORESTAR GROUP INC - ‍ALSO EXPECTS ITS ANNUAL DELIVERIES TO GROW TO APPROXIMATELY 10,000 LOTS BY FISCAL 2020​.FORESTAR GROUP INC - ‍SALE INCLUDES 20 LEGACY COMMUNITY DEVELOPMENT PROJECTS​.  Full Article

D.R. Horton Says Q1 Average Closing Price $295,200
Wednesday, 31 Jan 2018 09:30am EST 

Jan 31 (Reuters) - D.R. Horton Inc ::Q1 AVERAGE CLOSING PRICE WAS $295,200, DOWN 1% FROM THE PRIOR YEAR QUARTER‍​ - CONF CALL.NOT EXPECTING A SIGNIFICANT NEGATIVE IMPACT AT ALL FROM THE TAX RATE CHANGES - CONF CALL.  Full Article

D.R. Horton Reports Q1 Net Income Of $0.49 Per Diluted Share
Wednesday, 31 Jan 2018 06:30am EST 

Jan 31 (Reuters) - D.R. Horton Inc ::D.R. HORTON, INC., AMERICA’S BUILDER, REPORTS FISCAL 2018 FIRST QUARTER EARNINGS AND DECLARES QUARTERLY DIVIDEND OF $0.125 PER SHARE.QTRLY ‍NET SALES ORDERS INCREASED 17% IN VALUE TO $3.2 BILLION AND 16% IN HOMES TO 10,753​.QTRLY ‍HOMES CLOSED INCREASED 14% IN VALUE TO $3.2 BILLION AND 15% IN HOMES TO 10,788​.INCREASING FISCAL 2018 GUIDANCE FOR CONSOLIDATED PRE-TAX PROFIT MARGIN TO A RANGE OF 11.8% TO 12.0%.INCREASING FISCAL 2018 GUIDANCE FOR CASH FLOW FROM OPERATIONS TO AT LEAST $700 MILLION EXCLUDING FORESTAR.QTRLY NET INCOME INCLUDES A NON-CASH TAX-RELATED CHARGE OF $108.7 MILLION.SEES ‍FISCAL 2018 HOME SALES GROSS MARGIN IN RANGE OF 20% TO 21%​.SEES ‍FISCAL 2018 HOMES CLOSED BETWEEN 50,500 AND 52,500 HOMES​.SEES ‍FISCAL 2018 CONSOLIDATED REVENUES BETWEEN $15.5 BILLION AND $16.3 BILLION​.QTRLY NET INCOME ATTRIBUTABLE TO D.R. HORTON WAS $189.3 MILLION OR $0.49 PER DILUTED SHARE.Q1 EARNINGS PER SHARE VIEW $0.49, REVENUE VIEW $3.26 BILLION -- THOMSON REUTERS I/B/E/S.‍HOMES IN INVENTORY AT DECEMBER 31, 2017 INCREASED 13% TO 27,800 HOMES COMPARED TO 24,500 HOMES AT DECEMBER 31, 2016​.CONTINUE TO EXPECT TO GROW REVENUES AND PRE-TAX PROFITS "AT A DOUBLE-DIGIT ANNUAL PACE".FY2018 REVENUE VIEW $16.19 BILLION -- THOMSON REUTERS I/B/E/S.SEES ‍FISCAL 2018 FINANCIAL SERVICES OPERATING MARGIN OF APPROXIMATELY 30%​.  Full Article

D.R. Horton Inc Says Tax Act Will Result In A Charge Of About $115 Mln In Q1
Tuesday, 9 Jan 2018 04:29pm EST 

Jan 9 (Reuters) - D.R. Horton Inc ::D.R. HORTON INC, AMERICA’S BUILDER, UPDATES GUIDANCE FOR IMPACT OF NEW U.S. TAX LAW.D.R. HORTON INC - ‍REVISING ITS PREVIOUSLY ISSUED GUIDANCE BY LOWERING ESTIMATE FOR FISCAL 2018 EFFECTIVE TAX RATE TO ABOUT 26%​.D.R. HORTON INC - TAX ACT WILL RESULT IN A CHARGE OF ABOUT $115 MILLION IN Q1 OF FISCAL 2018.  Full Article

D.R. Horton says Chairman Donald Horton's 2017 Total Compensation Was $19.3 Mln
Friday, 15 Dec 2017 01:39pm EST 

Dec 15 (Reuters) - D.R. Horton Inc ::D.R. HORTON INC - CHAIRMAN DONALD R. HORTON'S 2017 TOTAL COMPENSATION WAS $19.3 MILLION VERSUS $17.8 MILLION - SEC FILING‍​.D.R. HORTON INC SAYS CEO DAVID AULD'S FY 2017 TOTAL COMPENSATION WAS $10.4 MILLION VERSUS $9.6 MILLION IN FY 2016.  Full Article

D.R. Horton, America's Builder, Announces Pricing Of $400 Mln Of 2.550 Pct Senior Notes Due 2020
Wednesday, 29 Nov 2017 04:08pm EST 

Nov 29 (Reuters) - D.R. Horton Inc ::D.R. HORTON, INC., AMERICA'S BUILDER, ANNOUNCES PRICING OF $400 MILLION OF 2.550% SENIOR NOTES DUE 2020.D.R. HORTON INC - SENIOR NOTES WILL PAY INTEREST SEMI-ANNUALLY AT A RATE OF 2.550% PER YEAR AND WILL MATURE ON DECEMBER 1, 2020.  Full Article

D.R. Horton says has no immediate plans for a "big" deal - Conf call‍​
Thursday, 9 Nov 2017 09:32am EST 

Nov 9 (Reuters) - D.R. Horton Inc :Sees Q1 home sales gross margin around 20 percent, and homebuilding SG&A to be the range of 9.5-9.8 percent.says cash flow from operation should be in excess of $1 billion by 2020.expects to increase share repurchases to a point that it fully offsets dilution, so that its share count will remain flat by 2020.says would continue to look at deals, but has no immediate plans for something "big".Says there are plenty of acquisition opportunities that it is evaluating to determine interest on - conf call.Says has seen success with integrating small private companies in the past to get quicker return of cash‍​.  Full Article

D.R. Horton and Forestar announce preliminary merger consideration election results
Thursday, 28 Sep 2017 08:00am EDT 

Sept 28 (Reuters) - D.R. Horton Inc :D.R. Horton and Forestar announce preliminary merger consideration election results.D.R. Horton Inc - ‍holders of about 91.23% of outstanding shares of Forestar common stock, elected to receive cash consideration​.  Full Article

D.R. Horton Inc says Co, Mizuho Bank entered amendment No. 6 to credit agreement
Thursday, 28 Sep 2017 06:30am EDT 

Sept 28 (Reuters) - D.R. Horton Inc :D.R. Horton Inc says ‍effective September 25, Co, Mizuho Bank entered amendment No. 6 to credit agreement dated as of September 7, 2012 - SEC filing​.D.R. Horton Inc - pursuant to terms of amendment aggregate revolving credit commitments increase to $1.27 billion.D.R. Horton-‍as per amendment lenders agreed to raise credit agreement's accordion feature to permit commitment amount to be raised by up to $637.5 million​.D.R. Horton Inc - pursuant to terms of amendment revolving credit facility termination date extended to September 25, 2022.  Full Article

D.R. Horton expects Q4 backlog conversion rate to be 85 pct due to impact of hurricanes
Monday, 25 Sep 2017 06:50am EDT 

Sept 25 (Reuters) - D.R. Horton Inc :D.R. Horton, Inc. updates its fourth quarter and fiscal year 2017 guidance.D.R. Horton Inc - ‍due to delays caused by recent hurricanes, co now expects its backlog conversion rate for Q4 of fiscal 2017 to be approximately 85 percent​.D.R. Horton Inc - ‍for fiscal year, company expects to generate approximately $150 million of cash flow from operations​.D.R. Horton Inc - company does not expect recent weather events to have an impact on its preliminary fiscal 2018 guidance issued in July.Q4 earnings per share view $0.85, revenue view $4.13 billion -- Thomson Reuters I/B/E/S.  Full Article

Photo

D.R. Horton sees 2018 homes sales below estimates

U.S. homebuilder D.R. Horton Inc on Tuesday forecast fiscal 2018 home sales and orders below Wall Street estimates, as rising home prices and mortgage rates hurt ordinary Americans' ability to borrow.