Dream Finders Homes (NASDAQ:DFH) Announces Quarterly Earnings Results

Dream Finders Homes (NASDAQ:DFH) announced its earnings results on Thursday. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.14), Briefing.com reports. Dream Finders Homes had a net margin of 8.00% and a return on equity of 32.99%. The business had revenue of $986.26 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $0.75 earnings per share. The business’s quarterly revenue was up 10.4% compared to the same quarter last year.

Dream Finders Homes Price Performance

Shares of NASDAQ:DFH traded up $1.55 during trading hours on Friday, hitting $31.40. The company’s stock had a trading volume of 171,990 shares, compared to its average volume of 418,104. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 10.06, a P/E/G ratio of 0.71 and a beta of 1.89. Dream Finders Homes has a 52 week low of $21.15 and a 52 week high of $44.38. The firm’s fifty day moving average price is $33.48 and its 200 day moving average price is $30.71.

Insider Buying and Selling at Dream Finders Homes

In related news, Director William Radford Lovett II sold 16,466 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $30.73, for a total transaction of $506,000.18. Following the sale, the director now directly owns 4,914,124 shares of the company’s stock, valued at $151,011,030.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director William Radford Lovett II sold 16,466 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $30.73, for a total value of $506,000.18. Following the transaction, the director now directly owns 4,914,124 shares in the company, valued at approximately $151,011,030.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick O. Zalupski sold 11,804 shares of Dream Finders Homes stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $28.62, for a total transaction of $337,830.48. Following the completion of the sale, the chief executive officer now owns 1,130,907 shares of the company’s stock, valued at $32,366,558.34. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,506 shares of company stock valued at $11,356,792. 70.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Bank of America boosted their price target on Dream Finders Homes from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Thursday, September 19th.

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.