D. R. Horton (DHI) Tops Q4 EPS by 1c

D. R. Horton (NYSE: DHI) reported Q4 EPS of $0.82, $0.01 better than the analyst estimate of $0.81. Revenue for the quarter came in at $4.16 billion versus the consensus estimate of $4 billion.

GUIDANCE:

D. R. Horton sees FY2018 revenue of $15.5-16.3 billion, versus the consensus of $15.97 billion.

• Consolidated pre-tax profit margin of 11.5% to 11.7%
• Consolidated revenues of $15.5 billion to $16.3 billion
• Homes closed between 50,500 homes and 52,500 homes
• Home sales gross margin around 20%, with potential quarterly fluctuations that may range from 19% to 21%
• Homebuilding SG&A expense as a percentage of homebuilding revenues around 8.7%
• Financial services pre-tax profit margin of 30% to 32%
• Income tax rate of approximately 35.2%
• Diluted share count increase of less than 1%
• Cash flow from operations (excluding impact of Forestar) of at least $500 million

For earnings history and earnings-related data on D. R. Horton (DHI) click here.

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