Free Research Report as D.R. Horton’s Revenue Jumped 12% and EPS Advanced 10%

Stock Monitor: Hovnanian Enterprises Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 26, 2017 / Active-Investors.com has just released a free earnings report on D.R. Horton, Inc. (NYSE: DHI) ("Horton"). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=DHI. The Company reported its fourth quarter fiscal 2017 operating results on November 09, 2017. The homebuilder completed its 16th year in a row as the largest homebuilder by volume in the United States, and reported better than expected revenue and earnings. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Hovnanian Enterprises, Inc. (NYSE: HOV), which also belongs to the Industrial Goods sector as the Company D.R. Horton. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, D.R. Horton most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=DHI

Earnings Highlights and Summary

For the three months ended September 30, 2017, Horton's revenue totaled $4.07 billion compared to $3.65 billion for Q4 FY16. The Company's revenue numbers topped analysts' estimates of $4.04 billion.

During Q4 FY17, Horton's Homebuilding revenue jumped 11% to $4.1 billion from $3.7 billion in Q4 FY16. The Company's homes closed increased 7% to 13,165 homes in the reported quarter compared to 12,247 homes in the year-earlier same quarter. For FY17, Horton's Homebuilding revenue increased 16% to $13.7 billion from $11.9 billion in FY16.

For Q4 FY17, Horton's net sales orders grew 18% to 10,333 homes from 8,744 homes in the year-ago comparable quarter, and the value of net sales orders increased 19% to $3.1 billion from $2.6 billion. The Company's cancellation rate was 25% for the reported quarter.

At September 30, 2017, Horton's Homes in inventory increased 13% to 26,200 homes compared to 23,100 homes at September 30, 2016. At September 30, 2017, the Company's land and lot portfolio consisted of 249,000 lots, of which 50% were owned and 50% were controlled through option contracts, compared to 205,000 lots at September 30, 2016, of which 55% were owned and 45% were controlled through option contracts.

Horton's Homebuilding return on inventory (ROI) improved 120 basis points to 16.6% in FY17 from 15.4% in FY16.

Horton's net income jumped 10% to $313.2 million, or $0.82 per diluted share, for Q4 FY17 compared to $283.6 million, or $0.75 per diluted share, in Q4 FY16. The Company's earnings met Wall Street's estimates of $0.82 per share. For FY17, the Company's net income increased 17% to $1.0 billion, or $2.74 per diluted share, compared to $886.3 million, or $2.36 per diluted share, in FY16.

Cash Matters

Horton's net cash provided by operations was $435.1 million for FY17, and the Company ended the year with $973.0 million of Homebuilding unrestricted cash and Homebuilding debt to total capital of 24.0%.

Guidance for FY18

For FY18, Horton is forecasting a consolidated pre-tax profit margin of 11.5% to 11.7%, and consolidated revenues in the band of $15.5 billion to $16.3 billion. The Company is projecting Homes closed between 50,500 homes and 52,500 homes, and a home sales gross margin of approximately 20%. The Company is also expecting Homebuilding SG&A as a percentage of homebuilding of revenues of around 8.7%. Horton is estimating cash flow from operations to be of at least $500 million.

Stock Performance Snapshot

December 22, 2017 - At Friday's closing bell, D.R. Horton's stock slightly fell 0.20%, ending the trading session at $50.83.

Volume traded for the day: 2.36 million shares.

Stock performance in the last month – up 2.52%; previous three-month period – up 37.08%; past twelve-month period – up 83.11%; and year-to-date – up 85.99%

After last Friday's close, D.R. Horton's market cap was at $19.10 billion.

Price to Earnings (P/E) ratio was at 18.56.

The stock has a dividend yield of 0.98%.

The stock is part of the Industrial Goods sector, categorized under the Residential Construction industry.

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