FY2024 EPS Estimates for Dream Finders Homes, Inc. Lowered by Wedbush (NASDAQ:DFH)

Dream Finders Homes, Inc. (NASDAQ:DFH) – Analysts at Wedbush reduced their FY2024 earnings estimates for shares of Dream Finders Homes in a research report issued to clients and investors on Friday, August 2nd. Wedbush analyst J. Mccanless now expects that the company will post earnings per share of $3.15 for the year, down from their prior estimate of $3.16. Wedbush has a “Neutral” rating and a $24.00 price objective on the stock. The consensus estimate for Dream Finders Homes’ current full-year earnings is $3.21 per share. Wedbush also issued estimates for Dream Finders Homes’ Q4 2024 earnings at $0.94 EPS, Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.83 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $3.20 EPS and FY2026 earnings at $3.43 EPS.

Dream Finders Homes (NASDAQ:DFH) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.04. 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 for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. Dream Finders Homes’s quarterly revenue was up 11.9% on a year-over-year basis.

Separately, Zelman & Associates upgraded Dream Finders Homes from a “neutral” rating to an “outperform” rating and set a $34.50 target price for the company in a research report on Monday, May 13th.

Dream Finders Homes Trading Up 3.2 %

DFH stock opened at $27.37 on Monday. The stock has a market cap of $2.55 billion, a PE ratio of 9.28, a P/E/G ratio of 0.64 and a beta of 1.89. Dream Finders Homes has a 12 month low of $18.29 and a 12 month high of $44.38. The company has a 50-day moving average price of $27.61 and a 200 day moving average price of $32.48.

Institutional Investors Weigh In On Dream Finders Homes

Several hedge funds have recently added to or reduced their stakes in DFH. Naples Money Management LLC purchased a new stake in shares of Dream Finders Homes during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Dream Finders Homes during the 4th quarter worth about $46,000. Avalon Trust Co purchased a new stake in shares of Dream Finders Homes during the 4th quarter worth about $48,000. nVerses Capital LLC boosted its stake in shares of Dream Finders Homes by 1,800.0% during the 2nd quarter. nVerses Capital LLC now owns 1,900 shares of the company’s stock worth $49,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of Dream Finders Homes by 926.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,222 shares of the company’s stock worth $54,000 after acquiring an additional 1,103 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dream Finders Homes

In related news, CEO Patrick O. Zalupski sold 23,479 shares of the company’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $30.27, for a total value of $710,709.33. Following the transaction, the chief executive officer now directly owns 1,300,973 shares of the company’s stock, valued at approximately $39,380,452.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director William Radford Lovett II sold 24,774 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $31.15, for a total value of $771,710.10. Following the transaction, the director now directly owns 4,941,109 shares of the company’s stock, valued at approximately $153,915,545.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Patrick O. Zalupski sold 23,479 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $30.27, for a total transaction of $710,709.33. Following the completion of the sale, the chief executive officer now directly owns 1,300,973 shares in the company, valued at $39,380,452.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,536 shares of company stock valued at $4,049,063. 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.