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Stock Market & Financial Investment News

News Breaks
January 29, 2013
14:14 EDTBZH, RYL, KBH, LEN, DHI, TOL, PHM, NVR, MDC, SPFHomebuilders climb after D.R. Horton's results beat expectations
Several homebuilders are advancing after one of the companies in the space, D.R. Horton (DRI), reported stronger than expected results. D.R. Horton reported first quarter earnings per share of 20c, versus analysts' consensus estimate of 14c. The homebuilder's revenue also beat expectations, as its average sales price increased due to pricing power, geographic mix and larger homes being sold. Moreover, the company added that it expects to have a good Spring selling season. A number of upgrades of homebuilder companies by research firms may also be contributing to the strength in the sector. Compass Point upgraded Lennar (LEN) to Buy from Hold earlier today, while the same firm also raised its rating on Hovnanian (HOV) to Neutral from Sell and upgraded Standard Pacific (SPF) to Buy from Neutral. In mid-afternoon trading, Lennar climbed 1.46% to $42.52, Hovnanian advanced 3.20% to $6.12, Standard Pacific rose 1.93% to $8.45 and D.R. Horton jumped 10.14% to $23.47.
News For DHI;SPF;PHM;LEN;MDC;TOL;KBH;NVR;RYL;BZH From The Last 14 Days
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July 30, 2015
16:24 EDTSPFStandard Pacific reports Q2 backlog $1.5B, up 30% from Q2 of FY14
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16:23 EDTSPFStandard Pacific reports Q2 EPS 14c, consensus 14c
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08:13 EDTRYL, SPFRyland Group sees Standard Pacific deal closing in early fall
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08:12 EDTRYLRyland Group reports Q2 EPS 75c, consensus 72c
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July 28, 2015
10:28 EDTDHID.R. Horton says housing getting better
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10:24 EDTDHID.R. Horton sees 2016 revenue growth driven by volume, price
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10:20 EDTDHID.R. Horton sees FY16 consolidated revenue up 10%-15%
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10:20 EDTDHID.R. Horton says sales trends 'solid' in July
Sees Q4 backlog conversion rate 81%-84%. Sees Q4 home sales gross margin in high 19%-20% range. Sees Q4 homebuilding SG&A 8.7%-8.9% of homebuilding revenues. Says sales trends "solid" in July. Sees Q4 Financial Services operating margin 35%-40%. Sees Q4 tax rate 35%-36%. Sees Q4 average selling price $285,000-$290,000. Comments made on the Q3 earnings conference call. D.R. Horton is down 0.52% to $26.60 in morning trading.
07:05 EDTDHID.R. Horton says well-positioned to finish FY strong, have even stronger FY16
07:05 EDTDHID.R. Horton reports Q3 EPS 60c, consensus 50c
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July 27, 2015
10:13 EDTPHMHigh option volume stocks
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July 23, 2015
06:35 EDTPHMPulteGroup reports Q2 EPS 28c, consensus 26c
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July 22, 2015
15:26 EDTPHMNotable companies reporting before tomorrow's open
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July 21, 2015
09:05 EDTNVRNVR reports Q2 new homebuilding order up 11%
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09:02 EDTNVRNVR reports Q2 EPS $21.91, consensus $19.09
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