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

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

Dream Finders Homes Stock Down 7.1 %

Shares of NASDAQ DFH traded down $2.16 during mid-day trading on Friday, reaching $28.25. 512,382 shares of the company were exchanged, compared to its average volume of 457,736. Dream Finders Homes has a twelve month low of $18.29 and a twelve month high of $44.38. The company’s 50-day simple moving average is $27.67 and its 200-day simple moving average is $32.55. 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.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Dream Finders Homes news, CEO Patrick O. Zalupski sold 6,581 shares of Dream Finders Homes stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $25.18, for a total value of $165,709.58. Following the completion of the sale, the chief executive officer now owns 1,209,478 shares in the company, valued at approximately $30,454,656.04. The sale 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 10,984 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $28.35, for a total value of $311,396.40. Following the completion of the transaction, the chief executive officer now directly owns 1,267,542 shares in the company, valued at approximately $35,934,815.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Patrick O. Zalupski sold 6,581 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $25.18, for a total transaction of $165,709.58. Following the completion of the transaction, the chief executive officer now owns 1,209,478 shares of the company’s stock, valued at $30,454,656.04. The disclosure for this sale can be found here. Insiders sold 135,536 shares of company stock worth $4,049,063 in the last quarter. 70.45% of the stock is currently owned by corporate 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.