Of 20 brokerages covering D.R. Horton, 15 have a Buy or Strong Buy rating. The others rate the shares at Hold. At a share price of around $73.80, the upside potential based on a median price target of $85.00 is about 15.2%. At the high price target of $112.00, the implied upside is 51.8%.
Fiscal fourth-quarter revenue is forecast to total $9.97 billion, up 13.4% sequentially and by 22.9% year over year. Adjusted EPS are forecast at $4.52, up 12.2% sequentially and by 42.9% year over year. For fiscal 2022, which ended in September, EPS are forecast at $16.93, up nearly 48.2%, on sales of $33.81 billion, up about 21.7%.
D.R. Horton stock trades at 4.3 times expected 2022 EPS, 2.7 times estimated 2023 earnings of $12.90 and 5.8 times estimated 2024 earnings of $12.78 per share. The stock’s 52-week range is $59.25 to $110.45. The company pays an annual dividend of $0.90 (yield of 1.2%). Total shareholder return for the past year was negative 19.6%.
Hecla Mining
Idaho-based Hecla Mining Co. (NYSE: HL) is the largest U.S. producer of silver. Over the past 12 months, the stock price has dropped by about 20%. Silver prices have bounced around in the past year, and the bounces have led to a price decline of about 14.7% over the past year. Last month the company said it produced 3.6 million ounces of silver in the third quarter and 44,747 ounces of gold. Hecla also increased production guidance for its Greens Creek mine in Alaska.
Of nine brokerages covering the stock, three have Hold ratings and six have Buy or Strong Buy ratings. At a trading price of around $4.80, the upside potential to the median price target of $6.00 is 25%. At the high price target of $7, the upside potential is 45.8%.
Third-quarter revenue is forecast to drop 14.7% sequentially and decline by 15.7% year over year to $163.11 million. Hecla is expected to post a per-share loss of $0.02, down from EPS of $0.04 in the prior quarter and EPS of $0.05 in the year-ago quarter. For the full 2022 fiscal year, EPS are currently forecast to decline by 67.3% to $0.05, and revenue is expected to decrease by 8.9% to $735.49 million.
Hecla stock trades at a 102.0 times estimated 2023 EPS and 41.0 times estimated 2024 earnings of $0.12. The stock’s 52-week range is $3.41 to $7.66, and the company pays an annual dividend of $0.03 per share (yield of 0.58%). Total shareholder return in the past year is negative 19.9%.
Originally published at 24/7 Wall St.
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