D.R. Horton (DHI) Stock Continued Gain After Earnings Beat

D.R. Horton (DHI) stock continues to soar after the company's 2015 fourth quarter earnings results beat analysts' expectations.
By Amanda Albright ,

NEW YORK (TheStreet) -- D.R. Horton  (DHI) - Get Report stock continued to rise, closing up by 2.79% to $32.02 on heavy trading volume Wednesday, after the company's 2015 fourth quarter earnings results beat analysts' expectations.

Before the market open on Tuesday, the Fort Worth-based home builder reported earnings of 64 cents per share, topping analysts' estimates of 62 cents per share.

D.R. Horton reported revenue of $3.17 billion, compared to analysts' projections of $3.04 billion.

"With 36,648 homes closed in fiscal 2015, D.R. Horton is the largest builder in the United States for a 14th consecutive year," D.R. Horton Chairman Donald Horton said in a statement. "Fiscal 2015 was also our third consecutive year of 30% or greater growth in both home sales revenues and homebuilding pre-tax income."

So far today, 9.14 million shares of D.R. Horton have traded, versus its 30-day average of 6.23 million shares.

Separately, TheStreet Ratings team rates D R HORTON INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

We rate D R HORTON INC (DHI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.

You can view the full analysis from the report here: DHI

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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