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D.R. Horton, Inc. Beats Q1 Estimates (DHI)

Before the opening bell on Monday morning, D.R. Horton (DHI ) reported its first quarter results, posting higher revenues and earnings compared to last year’s Q1.

DHI's Earnings in Brief

  • D.R. Horton reported first quarter revenues of $2.24 billion, up substantially from last year’s Q1 revenues of $1.63 billion.
  • Net income for the quarter came in at $142.5 million, or 39 cents per share, compared to last year’s Q1 figures of $123.2 million, or 38 cents per share.
  • DHI beat analysts’ estimates of 35 cents EPS on revenues of $2.18 billion.

CEO Commentary

DHI’s chairman of the board Donald R. Horton had the following comments: “Our fiscal 2015 is off to a great start, highlighted by $220.7 million of pre-tax income, on $2.3 billion of revenues. Our position as the largest and most geographically diverse homebuilder provides a strong platform for us to compete for new home sales, evidenced by year-over-year increases in the value of our net sales orders, home sales revenue and sales order backlog of 40%, 37% and 29%, respectively."

DHI Declares Dividend

D.R. Horton declared a quarterly dividend of 6.25 cents, which is payable on February 17 to all shareholders on record as of February 6.

Stock Performance

DHI stock was up $1.33, or 5.77%, in pre-market trading.

DHI Dividend Snapshot

As of market close on January 23, 2015

BBY dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of DHI dividends.

The Bottom Line

D.R. Horton (DHI ) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.