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D.R. Horton Stock Jumps as Housing Bellwether Beats on Earnings, Hikes Dividend

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The big residential home builder reports earnings and revenue ahead of analysts' expectations and raises its quarterly dividend to 30 cents a share.

D.R. Horton shareholders have reason to be happy on Tuesday, with the major residential home builder reporting standout quarterly earnings and hiking its dividend.

This is breaking news. Read a preview of D.R. Horton’s earnings below and check back for more analysis soon. D.R. Horton, the largest public builder by market capitalization, will report its fourth-quarter and full-year earnings on Tuesday morning before the start of trading. Analysts expect that the company earned $3.94 a share in the quarter on $10 billion in revenue, according to FactSet. For the full year, analysts estimate earnings of $13.33 a share on about $35 billion in revenue.

MORE TO READ It’s not just a headwind for D.R. Horton: As mortgage rates climbed in late 2022, 36% of builders surveyed by the National Association of Home Builders said they were offering incentives to bolster sales or limit cancellation. That percentage fell earlier this year as mortgage rates held steady but increased in recent months as mortgage rates climbed toward a 23-year high.

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