D.R. Horton, Inc. (DHI, Financial) anticipates closing between 23,500 and 24,000 homes in the fourth quarter. The company forecasts a gross margin in the range of 21% to 21.5%, with a gross profit margin expected to be between 13.6% and 14.1%. The full-year 2025 tax rate is forecasted to be maintained at 24%.
The company mentioned that sales incentives are likely to remain high during the fourth quarter. Despite a predicted decrease in home starts in Q4 compared to Q3, DHI holds a positive long-term outlook for the housing market. These projections were shared during the company’s Q3 earnings conference call.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for D.R. Horton Inc (DHI, Financial) is $147.27 with a high estimate of $180.00 and a low estimate of $105.00. The average target implies an upside of 12.23% from the current price of $131.22. More detailed estimate data can be found on the D.R. Horton Inc (DHI) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, D.R. Horton Inc's (DHI, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for D.R. Horton Inc (DHI, Financial) in one year is $130.19, suggesting a downside of 0.78% from the current price of $131.22. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the D.R. Horton Inc (DHI) Summary page.
