Dream Finders Homes (NASDAQ:DFH) Releases Earnings Results, Beats Expectations By $0.25 EPS

Dream Finders Homes (NASDAQ:DFH) released its quarterly earnings results on Tuesday. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25, Briefing.com reports. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.39 billion. Dream Finders Homes had a return on equity of 30.18% and a net margin of 7.65%. Dream Finders Homes’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS.

Dream Finders Homes Trading Up 1.1 %

Shares of Dream Finders Homes stock traded up $0.26 on Thursday, reaching $24.23. 16,013 shares of the company were exchanged, compared to its average volume of 431,866. The stock has a fifty day moving average price of $23.05 and a 200-day moving average price of $28.88. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 7.97, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. Dream Finders Homes has a fifty-two week low of $20.54 and a fifty-two week high of $44.38.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 18,214 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the transaction, the chief executive officer now owns 1,956,353 shares in the company, valued at approximately $53,721,453.38. This represents a 0.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 70.45% of the company’s stock.

Analyst Ratings Changes

Separately, Bank of America lowered their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, January 27th.

About Dream Finders Homes

Dream Finders Homes, Inc operates as a holding company for Dream Finders Homes LLC that engages in homebuilding business in the United States. The company operates through four segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes, as well as active adult homes and custom homes in Florida, Texas, Tennessee, North Carolina, South Carolina, Georgia, Colorado, and the Washington, DC metropolitan area.