Why D.R. Horton Shares Are Trading Higher Today
Portfolio Pulse from Akanksha Bakshi
D.R. Horton, Inc (DHI) shares are trading higher following its Q3 FY23 results. The company reported a 10.7% YoY sales growth to $9.725 billion, beating the consensus of $8.39 billion. EPS was $3.90, beating the consensus of $2.79. Home sales revenues were $8.7 billion on 22,985 homes closed. DHI repurchased 3.1 million shares for $342.9 million during the quarter. The company declared a quarterly cash dividend of $0.25 per share. DHI raised its FY23 outlook and now sees revenue of $34.7 billion-$35.1 billion.
July 20, 2023 | 11:46 am
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D.R. Horton's Q3 FY23 results exceeded expectations, leading to a rise in its stock price. The company also raised its FY23 outlook, which could further boost investor confidence.
D.R. Horton reported strong Q3 FY23 results, beating consensus estimates for both sales and EPS. The company also raised its FY23 outlook, indicating confidence in its future performance. These factors are likely to have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100