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

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

Dream Finders Homes Price Performance

Dream Finders Homes stock opened at $21.03 on Tuesday. Dream Finders Homes has a 12-month low of $20.54 and a 12-month high of $44.38. The stock has a market capitalization of $1.97 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 1.28 and a beta of 2.01. The firm has a 50 day simple moving average of $23.13 and a 200-day simple moving average of $28.93.

Insider Buying and Selling

In related news, CEO Patrick O. Zalupski sold 18,119 shares of Dream Finders Homes stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $33.26, for a total transaction of $602,637.94. Following the transaction, the chief executive officer now directly owns 2,003,125 shares of the company’s stock, valued at $66,623,937.50. The trade was a 0.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 70.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.