Shares of Dream Finders Homes, Inc. (NASDAQ:DFH – Get Rating) were up 9.5% during mid-day trading on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $14.31 and last traded at $14.18. Approximately 1,559 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 129,944 shares. The stock had previously closed at $12.95.
The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.05. Dream Finders Homes had a return on equity of 46.21% and a net margin of 6.84%. The business had revenue of $793.13 million during the quarter, compared to analyst estimates of $683.54 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. Dream Finders Homes’s revenue for the quarter was up 117.1% on a year-over-year basis.
Analysts Set New Price Targets
DFH has been the topic of several research analyst reports. TheStreet downgraded Dream Finders Homes from a “c-” rating to a “d” rating in a research report on Monday, July 18th. Bank of America downgraded Dream Finders Homes from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $18.00 to $10.50 in a research report on Friday, June 17th.
Institutional Investors Weigh In On Dream Finders Homes
Dream Finders Homes Price Performance
The business has a 50-day simple moving average of $13.01 and a 200-day simple moving average of $16.52. The firm has a market capitalization of $1.17 billion, a PE ratio of 7.13, a P/E/G ratio of 0.29 and a beta of 1.24.
Dream Finders Homes Company Profile
Dream Finders Homes, Inc operates as a holding company for Dream Finders Holdings LLC that engages in homebuilding business in the United States. It designs, constructs, and sells single-family entry-level, and first-time and second time move-up homes in Charlotte, Raleigh, Jacksonville, Orlando, Denver, the Washington DC metropolitan area, Austin, Dallas, and Houston.
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