Dream Finders Homes (NASDAQ:DFH) Announces Earnings Results

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

Dream Finders Homes Stock Up 3.0 %

DFH stock traded up $0.90 during trading on Friday, hitting $30.75. The company had a trading volume of 491,197 shares, compared to its average volume of 419,610. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.71 and a beta of 1.89. The firm has a 50-day moving average price of $33.42 and a 200-day moving average price of $30.67. Dream Finders Homes has a 12 month low of $21.15 and a 12 month high of $44.38.

Analysts Set New Price Targets

Separately, Bank of America boosted their price objective on Dream Finders Homes from $35.00 to $38.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 59,106 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total transaction of $1,857,110.52. Following the completion of the sale, the chief executive officer now directly owns 801,105 shares of the company's stock, valued at $25,170,719.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Patrick O. Zalupski sold 59,106 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $31.42, for a total value of $1,857,110.52. Following the sale, the chief executive officer now directly owns 801,105 shares in the company, valued at $25,170,719.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick O. Zalupski sold 54,665 shares of Dream Finders Homes stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $33.42, for a total transaction of $1,826,904.30. Following the transaction, the chief executive officer now directly owns 1,056,618 shares in the company, valued at $35,312,173.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 341,506 shares of company stock worth $11,356,792 over the last 90 days. 70.45% of the stock is owned by 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.