Dream Finders Homes (NASDAQ:DFH) Releases Earnings Results, Beats Expectations By $0.04 EPS

Dream Finders Homes (NASDAQ:DFH) announced its earnings results on Thursday. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.77 by $0.04, Zacks reports. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. Dream Finders Homes had a return on equity of 34.21% and a net margin of 8.00%. Dream Finders Homes’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 earnings per share.

Dream Finders Homes Stock Down 7.1 %

Shares of NASDAQ:DFH traded down $2.16 on Friday, reaching $28.25. The company had a trading volume of 512,382 shares, compared to its average volume of 457,736. The stock has a market capitalization of $2.63 billion, a P/E ratio of 9.58, a P/E/G ratio of 0.64 and a beta of 1.89. The stock has a 50-day moving average price of $27.67 and a 200 day moving average price of $32.55. Dream Finders Homes has a twelve month low of $18.29 and a twelve month high of $44.38.

Analyst Ratings Changes

DFH has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and issued a $24.00 price target on shares of Dream Finders Homes in a research report on Thursday, May 2nd. Zelman & Associates upgraded shares of Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 price objective on the stock in a research note on Monday, May 13th.

Insiders Place Their Bets

In related news, CEO Patrick O. Zalupski sold 23,479 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $30.27, for a total value of $710,709.33. Following the transaction, the chief executive officer now directly owns 1,300,973 shares in the company, valued at approximately $39,380,452.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Patrick O. Zalupski sold 49,345 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $31.24, for a total value of $1,541,537.80. Following the completion of the sale, the chief executive officer now directly owns 1,156,633 shares of the company’s stock, valued at $36,133,214.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Patrick O. Zalupski sold 23,479 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $30.27, for a total transaction of $710,709.33. Following the transaction, the chief executive officer now directly owns 1,300,973 shares in the company, valued at approximately $39,380,452.71. The disclosure for this sale can be found here. Insiders sold 135,536 shares of company stock valued at $4,049,063 over the last 90 days. 70.45% of the stock is currently owned by company insiders.

Dream Finders Homes Company Profile

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.