These Analysts Boost Their Forecasts On D.R. Horton After Upbeat Q3 Results

D.R. Horton, Inc DHI reported solid third-quarter FY23 results.

D.R. Horton reported sales growth of 10.7% year-over-year to $9.725 billion, beating the consensus of $8.39 billion. EPS was $3.90 (-16% Y/Y), beating the consensus of $2.79.

DHI raised its FY23 outlook and now sees revenue of $34.7 billion-$35.1 billion (prior view $31.5 billion-$33 billion) versus the consensus of $32.3 billion.

D.R. Horton shares fell 1.9% to close at $125.42 on Thursday and added 0.1% in today’s pre-market trading.

These analysts made changes to their price targets on D.R. Horton following earnings announcement.

  • Barclays boosted the price target on D.R. Horton from $138 to $150. Barclays analyst Matthew Bouley maintained an Overweight rating.
  • JMP Securities increased the price target on D.R. Horton from $ $130 to $140. JMP Securities analyst Aaron Hecht maintained an Outperform rating.
  • Credit Suisse analyst Daniel Oppenheim, meanwhile, reiterated D.R. Horton with a Neutral and maintained a $120 price target.

 

DHI Logo
DHID.R. Horton Inc
$124.75-0.34%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
24.19
Growth
23.14
Quality
40.98
Value
86.39
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In:
Comments
Loading...