Dream Finders Homes (NASDAQ:DFH) Announces Quarterly Earnings Results

Dream Finders Homes (NASDAQ:DFH) released its quarterly earnings data on Thursday. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.11), Briefing.com reports. The company had revenue of $827.80 million during the quarter, compared to analyst estimates of $886.34 million. Dream Finders Homes had a net margin of 7.91% and a return on equity of 35.61%. Dream Finders Homes’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share.

Dream Finders Homes Price Performance

Shares of DFH stock opened at $31.23 on Friday. Dream Finders Homes has a one year low of $15.28 and a one year high of $44.38. The business’s 50 day simple moving average is $38.20 and its 200 day simple moving average is $32.07. The stock has a market capitalization of $2.91 billion, a PE ratio of 10.59, a PEG ratio of 0.87 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DFH shares. Bank of America upped their price target on shares of Dream Finders Homes from $29.00 to $45.00 and gave the stock a “neutral” rating in a report on Tuesday, April 2nd. Wedbush reissued a “neutral” rating and set a $24.00 price target on shares of Dream Finders Homes in a report on Thursday. Finally, TheStreet raised Dream Finders Homes from a “c” rating to a “b” rating in a research note on Friday, March 1st.

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the completion of the sale, the chief executive officer now directly owns 1,357,978 shares in the company, valued at approximately $47,271,214.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Patrick O. Zalupski sold 30,433 shares of the stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $34.81, for a total transaction of $1,059,372.73. Following the transaction, the chief executive officer now directly owns 1,357,978 shares of the company’s stock, valued at $47,271,214.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Patrick O. Zalupski sold 27,478 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.91, for a total value of $849,344.98. Following the completion of the sale, the chief executive officer now directly owns 1,660,407 shares of the company’s stock, valued at $51,323,180.37. The disclosure for this sale can be found here. In the last 90 days, insiders sold 277,812 shares of company stock worth $10,552,415. 70.45% of the stock is currently owned by insiders.

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.