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Financial Results, New Launches, and Acquisitions - Research Report on DR Horton, JinkoSolar, Ryland Group, KB Home and Dycom Industries

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Nov 29, 2013, 08:00 ET

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NEW YORK, November 29, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting DR Horton Inc. (NYSE: DHI), JinkoSolar Holding Co., Ltd. (NYSE: JKS), Ryland Group Inc. (NYSE: RYL), KB Home (NYSE: KBH) and Dycom Industries Inc. (NYSE: DY). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

DR Horton Inc. Research Report

On November 12, 2013, D.R. Horton Inc. (D.R. Horton) reported its Q4 FY 2013and FY 2013 financial results (period ended September 30, 2013). During the quarter, Homebuilding revenue increased 40.0% YoY to $1.8 billion. Pre-tax income reported growth of 104.4% YoY to $202.8 million. Net income totaled $139.5 million, or $0.40 per diluted share, compared to $100.1 million, or $0.30 per diluted share, in the Q4 FY 2012. For full-year FY 2013, Homebuilding revenue increased 43.7% YoY to $6.1 billion. Pre-tax income reported growth of 170.8% YoY to $657.8 million. Net income totaled $462.7 million, or $1.33 per diluted share, compared to $956.3 million, or $2.77 per diluted share, in full-year FY 2012. Donald R. Horton, Chairman of the Board stated, "Our fourth quarter provided a solid finish to a great year. We are well-positioned to continue to profitably grow our operations during the recovery with a strong balance sheet, good liquidity and sufficient inventories of homes and finished lots. Fiscal 2014 is off to a strong start with a beginning backlog of 8,205 homes valued at $2.2 billion and increased year-over-year net sales in October." The Full Research Report on D.R. Horton Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=DDD

http://www.analystscorner.com/r/full_research_report/5d40_DHI

--

JinkoSolar Holding Co., Ltd. Research Report

On November 18, 2013, JinkoSolar Holding Co. Ltd. (JinkoSolar) reported its Q3 2013 financial results. The Company reported total revenues of RMB2 billion ($320.7 million), a 47.6% YoY increase. Income from operations came in at RMB244.3 million ($39.9 million) compared to loss from operations of RMB111.3 million in Q3 2012. Net income attributable to JinkoSolar ordinary shareholders for the quarter was RMB103.5 million ($16.9 million) compared to net loss attributable to JinkoSolar ordinary shareholders of RMB114.5 million in Q3 2012. Diluted earnings per American depositary share (ADS) were RMB4.40 ($0.72) compared with RMB5.16 in Q3 2012. Mr. Kangping Chen, JinkoSolar's CEO said "I believe our strong operational and financial performance demonstrates management's effectiveness and ability to execute its strategy. Having regained profitability for a second quarter, and having achieved net profitability for the entire year a quarter ahead of schedule, we are now devoting our substantial resources and attention towards growing our core PV business and to rapidly expanding our downstream business." The Company stated that for Q4 2013, it expects total solar module shipments to be in the range of 500MW to 530MW. The Full Research Report on JinkoSolar Holding Co., Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/4c2b_JKS

--

Ryland Group Inc. Research Report

On November 25, 2013, Ryland Group Inc. (Ryland) announced the addition of Eastlake at Gleannloch Farms, one of Northwest Houston's most popular master-planned communities. The Company stated that homes in Eastlake, which range from 2,340-3,478 sq. ft., are currently being sold from Ryland's Northlake at Gleannloch Farms' model. Ryland added that residents have access to Highway 249 and will shortly be able to access the new Grand Parkway for travelling to The Woodlands and Exxon Mobil. The Full Research Report on Ryland Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/7f8c_RYL

--

KB Home Research Report

On November 5, 2013, KB Home announced that it has purchased lots for two new communities in the Jacksonville, Florida i.e. Angora Bay in Orange Park and Whitmore Oaks in Mandarin, increasing the number of lots it owns or controls in northeast Florida by over 70% from one year ago. Todd Holder, President of KB Home's Jacksonville division commented, "It's been an exciting year for KB Home in Jacksonville, where the region's dynamic economy offers plenty of potential for long-term growth. In 2013, we strategically pursued opportunities to expand our business and uniquely positioned KB Home to meet rising homebuyer demand for new homes. With the positive momentum we've established in Jacksonville this year, we're looking forward to delivering the American dream of homeownership to many more Floridians well into 2014 and beyond." The Full Research Report on KB Home - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/1780_KBH

--

Dycom Industries Inc. Research Report

On November 25, 2013, Dycom Industries Inc. (Dycom) released its Q1 FY 2014 financial results (period ended October 26, 2013). For the quarter, the Company reported contract revenues of $512.7 million, compared to $323.3 million in Q1 FY 2013. Non-GAAP adjusted EBITDA totaled $63.2 million, compared to $40.4 million in Q1 FY 2013. Net income totaled 18.7 million or $0.54 per common diluted share, compared to $11.9 million or $0.35 per common diluted share in Q1 FY 2013. For Q2 FY 2014, the Company anticipates revenue to range from $400.0 million to $420.0 million and diluted EPS to range from $0.03 to $0.09. The Full Research Report on Dycom Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://analystscorner.com/microwriter/link.php?s=

http://www.analystscorner.com/r/full_research_report/0833_DY

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Namrata Maheshwari, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Namrata Maheshwari, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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