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Last $25.79 USD
Change Today 0.00 / 0.00%
Volume 0.0
DHI On Other Exchanges
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As of 8:04 PM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

dr horton inc (DHI) Key Developments

D.R. Horton, Inc. Acquires the Homebuilding Operations of Pacific Ridge Homes in Seattle

D.R. Horton Inc. announced the acquisition of the homebuilding operations of Pacific Ridge Homes in Seattle, Washington. The homebuilding assets acquired include approximately 350 lots, 90 homes in inventory and 40 homes in sales order backlog. D.R. Horton also acquired control of approximately 400 lots through option contracts. For the twelve months ended March 31, 2015, Pacific Ridge closed 182 homes ($79 million in revenue) with an average home size of approximately 2,600 square feet and an average sales price of $436,000. D.R. Horton will pay approximately $72 million in cash for the purchase, and Pacific Ridge will operate as a separate division within D.R. Horton.

DR Horton Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015; Declares Quarterly Cash Dividend, Payable on May 27, 2015; Provides Financial Guidance for the Third Quarter and Full Year of Fiscal 2015

DR Horton Inc. has declared a quarterly cash dividend of $0.0625 per common share. The dividend is payable on May 27, 2015 to stockholders of record on May 15, 2015. The company reported un-audited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported net income increased 13% to $147.9 million, or $0.40 per diluted share, from $131.0 million, or $0.38 per diluted share in the same quarter of fiscal 2014. Homebuilding revenue for the second quarter of fiscal 2015 increased 38% to $2.3 billion from $1.7 billion in the same quarter of fiscal 2014. Homes closed in the quarter increased 33% to 8,243 homes, compared to 6,194 homes in the prior year quarter. The company reported income before income taxes of $230.1 million compared to $201.9 million for the last year. For the six months, net income increased 14% to $290.4 million, or $0.79 per diluted share, from $254.1 million, or $0.73 per diluted share in the same period of fiscal 2014. Homebuilding revenue increased 38% to $4.6 billion from $3.3 billion in the first six months of fiscal 2014. Homes closed in the six-month period increased 31% to 16,216, compared to 12,382 homes in the same period of fiscal 2014. The company reported income before income taxes of $450.8 million compared to $391.6 million, net cash used in operating activities of $168.8 million compared to $265.8 million and purchases of property and equipment of $24.0 million compared to $32.8 million for the last year. In fiscal 2015, the company expects to close between 35,500 and 37,500 homes and generate consolidated revenues of between $9.8 billion and $10.5 billion. Home sales gross margin for the full fiscal year of 2015 will range from 19.5% to 20%, consistent with margins during the first half of the year. The company continue to forecast fiscal 2015 income tax rate to be between 35% and 36%. For the third fiscal quarter of 2015, the company expects number of homes close to approximate a beginning backlog conversion rate in the range of 78% to 80%. The company anticipates third-quarter home sales gross margin will be in the range of 19.5% to 20%, subject to potential fluctuations from product mix, warranty and interest cost.

DR Horton Inc. to Report Q2, 2015 Results on Apr 22, 2015

DR Horton Inc. announced that they will report Q2, 2015 results at 10:00 AM, US Eastern Standard Time on Apr 22, 2015

DR Horton Inc., Q2 2015 Earnings Call, Apr 22, 2015

DR Horton Inc., Q2 2015 Earnings Call, Apr 22, 2015

DR Horton Inc. Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015

DR Horton Inc. Presents at Barclays Select Series: Building and Building Products Symposium, Feb-26-2015 . Venue: Barclays, 745 Seventh Avenue, New York, NY 10019, United States.

 

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DHI Competitors

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Company Last Change
M/I Homes Inc $22.83 USD 0.00
Meritage Homes Corp $43.30 USD 0.00
Standard Pacific Corp $8.20 USD 0.00
WCI Communities Inc $23.69 USD 0.00
William Lyon Homes $22.18 USD 0.00
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DHI

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Valuation DHI Industry Range
Price/Earnings 16.7x
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow 16.6x
TEV/Sales 0.5x
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