Citi downgraded D.R. Horton, Inc. (NYSE: DHI) from Buy to Neutral and raised the price target from $25 to $26 as the company's shares approach analysts' fair value estimates.
Citi analyst Will Randow wrote, “DHI reported 1FQ15 (December quarter-end) pretax income of $221M including charges, which compares to consensus/our estimate of $191M, on revenue of $2.3B (consensus/our estimate $2.1B). Homebuilding gross margin of 19.8% was in line with consensus/our estimate. Net orders of 7,370 homes (+35% YoY) were particularly strong, and exceeded consensus (6,904) and our forecast (6,272).”
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
D.R. Horton's 2015 gross margin guidance met expectations last month, unlike a few of their competitors. As the trend of Express Homes continues, the company will have to adjust operations to remain the one of the industry's leaders.
D.R. Horton closed Monday at $24.38.