Stock Update: DR Horton Inc. (NYSE:DHI)

[BusinessWire] DR Horton Inc. (NYSE:DHI) America’s Builder, announced that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2014 on Tuesday, November 11, 2014 before the market opens. The Company will host a conference call that morning at 10:00 a.m. Eastern Time (ET). The dial-in number is 877-407-8033. Participants are encouraged to call in five minutes before the call begins (9:55 a.m. ET).Stock PerformanceTaking a look at the company’s recent performance, DR Horton reported third quarter earnings for fiscal 2014 on July 24^th. The company reported actual earnings per share of $0.22 against the consensus Street estimate of $0.49. DR Horton posted revenue of $2.10 billion against estimates of $2.08 billion.DR Horton is currently valued at $8.10 billion and closed the last trading session at $21.56. The stock has a 50-day moving average of $21.39 and a 200-day moving average of $22.35.

Is this a Buying Opportunity?There are currently fifteen analysts that we track that cover the stock. Of those fifteen, one has a strong Buy rating, five have a buy rating, seven have a hold rating and two have a Sell rating. On a consensus basis this yields a score of 2.33 and a Hold. The combined price objective of these covering analysts is $25.27, which represents a 23.28% difference to the last closing price.The most recent analyst activity consisted of JPMorgan Chase & Co.upgrading their Neutral stance on the company. JPMorgan Chase & Co. has a price target of $26 which represents an upside of 25.12% from the last closing price. On the date of the report, the stock closed at $21.69.Another research firm weighing in recently was Zacks who reiterated their rating on the stock. On August 18^thZacks gave their price target on the stock at $22, or a 5.87% upside to the current price. On the day of the report, DHI shares closed at $21.13.Company ProfileDR Horton Inc. (NYSE:DHI) operates as a homebuilding company. It is engaged in the acquisition and development of land; and construction and sale of residential homes in 27 states and 78 markets in the United States under the D.R. Horton, America’s Builder, Emerald Homes, and Breland Homes. The company builds traditional single-family detached homes; and attached homes, such as town homes, duplexes, triplexes, and condominiums. It is also involved in the origination and sale of mortgages, as well as provides title insurance policies and closing services. The company was founded in 1978 and is based in Fort Worth, Texas.