D.R. Horton Beats Q2 EPS Estimates, Repurchases $903.6M in Shares
DHI sits 38% above its 52-week low of $114.17.
Summary
D.R. Horton reported fiscal Q2 adjusted EPS of $2.24, surpassing analyst expectations of $2.15, despite an overall decline in profit. Revenue for the quarter was flat, aligning with analyst estimates. This performance, where profit fell less than anticipated, is a positive signal for the market. The company also demonstrated strong capital allocation by repurchasing 6 million shares for $903.6 million and declaring a $0.45 dividend, continuing a trend seen in Q1. The outlook for fiscal 2026 includes consolidated revenues of $33.5 billion to $34.5 billion and 86,000 to 87,500 home closings, with sales incentives expected to remain elevated. Traders will focus on how these results and forward guidance impact the company's valuation amidst ongoing affordability constraints.
At the time of this announcement, DHI was trading at $157.00 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $44.4B. The 52-week trading range was $114.17 to $184.55. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.