Dream Finders Homes (NASDAQ:DFH) Releases Earnings Results, Beats Estimates By $0.25 EPS

Dream Finders Homes (NASDAQ:DFH) posted its earnings results on Tuesday. The company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25, Briefing.com reports. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Dream Finders Homes had a net margin of 7.65% and a return on equity of 30.18%. Dream Finders Homes’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share.

Dream Finders Homes Stock Up 18.5 %

Dream Finders Homes stock opened at $24.89 on Wednesday. Dream Finders Homes has a 52-week low of $20.54 and a 52-week high of $44.38. The firm’s fifty day moving average is $23.08 and its 200 day moving average is $28.91. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 8.13, a PEG ratio of 1.28 and a beta of 2.01.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their target price on Dream Finders Homes from $33.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, January 27th.

Insiders Place Their Bets

In other news, CEO Patrick O. Zalupski sold 18,214 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $27.46, for a total value of $500,156.44. Following the completion of the sale, the chief executive officer now directly owns 1,956,353 shares of the company’s stock, valued at $53,721,453.38. This trade represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 70.45% of the company’s stock.

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.