D.R. Horton Inc.

-1.09 (-1.51%)
4:00:00 PM EDT: $71.22 -0.03 (-0.04%)
Other Pre-Announcement

D.R. Horton Sees Q1 FY 2021 Revenue Of $5.4 Bln-$5.6 Bln- Conf Call

Published: 11/10/2020 15:40 GMT
D.R. Horton Inc (DHI) - Dr Horton Exec Points to "continued Strong Sales Trends in October" - Conf Calldr.
Horton Exec Expects to Further Increase Homes and Inventory During First Quarter 2021- Conf Calldr.
Horton Continues to See Strong Increases in Net Sales Orders >50% in Oct.
Versus Last Yeardr.
Horton Expects to Maintain Higher Home Building Cash Balance in FY 2021.
Dr Horton Exec Sees Q1 FY21 Revenue of $5.4 Billion-$5.6 Billiondr.
Horton Exec Sees Q1 FY21 Home Sales of 17,500-18,000 Units.
Anaysts on Average Expect Dr Horton to Report Q1 FY21 Home Sales of 17,547 Units.
Anaysts on Average Expect Dr Horton to Report Q1 FY21 Revenue of 5.18 Billiondr.
Horton Expects Q1 Home Sales Gross Margin to Be Around 23%.
Dr Horton Expects Homebuilding Sg&a to Be About 8.9% of Homebuilding Revenuedr.
Horton Expects to Resume Share Repurchases During Fiscal 2021.
Dr Horton Currently Expects to Pay Dividends of About $290 Million in Fiscal 2021.
Dr Horton Expects to Generate Positive Cash Flow From Homebuilding Operating in Fiscal 2021.
Horton Expects Total Investment in Single, Multifamily Rental Platforms to More Than Double by End of FY21.
Dr Horton CEO on Sustainability of Sales Pace Post Covid-19- ‘feels Like the Market Still Has Legs’.
Dr Horton Says on Average Community Count Will Be Up Slightly Throughout Fiscal 2021.