NEW YORK (TheStreet) -- Shares of D.R. Horton, Inc. (DHI) are climbing 1.37% to $23.75 in early market trading Tuesday, after the one of the nation's largest home-building companies reported a 19% jump in profit with higher orders and closings across most of the country, in its fiscal fourth quarter earnings report this morning.
Watch the video below for a closer look at D.R. Horton's latest quarterly results:
The home builder posted fiscal fourth quarter earnings of $166.3 million, or 45 cents per share, up from $139.5 million, or 40 cents per share a year ago, but missing analysts' estimate of 48 cents per share.
Revenue for the quarter climbed 33% from last year to $2.42 billion, topping analysts' estimates of $2.38 billion.
TheStreet Ratings team rates D R HORTON INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate D R HORTON INC (DHI) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
