Dream Finders Homes (NASDAQ:DFH) Issues Earnings Results, Misses Expectations By $0.11 EPS

Dream Finders Homes (NASDAQ:DFH) posted its quarterly earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.11), Briefing.com reports. Dream Finders Homes had a net margin of 7.89% and a return on equity of 36.62%. The business had revenue of $827.80 million during the quarter, compared to the consensus estimate of $886.34 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 7.6% on a year-over-year basis.

Dream Finders Homes Stock Down 3.3 %

Dream Finders Homes stock traded down $1.05 during trading hours on Friday, hitting $31.23. The stock had a trading volume of 1,026,563 shares, compared to its average volume of 411,369. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 10.96, a P/E/G ratio of 0.96 and a beta of 2.05. 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 $38.29 and its 200-day simple moving average is $32.00.

Insider Buying and Selling at Dream Finders Homes

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 34,961 shares of the stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the completion of the transaction, the chief executive officer now directly owns 1,428,742 shares in the company, valued at $60,664,385.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Patrick O. Zalupski sold 27,478 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $30.91, for a total transaction of $849,344.98. Following the completion of the transaction, the chief executive officer now directly owns 1,660,407 shares in the company, valued at $51,323,180.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Patrick O. Zalupski sold 34,961 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $42.46, for a total value of $1,484,444.06. Following the transaction, the chief executive officer now owns 1,428,742 shares of the company’s stock, valued at $60,664,385.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 277,812 shares of company stock worth $10,552,415. 70.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

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.