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D.R. Horton and two others announce major buyback programs after declines
D.R. Horton said it raised its 2026 repurchase guidance by 30% even as mortgage rates reached 7% and its latest-quarter home sales revenue fell 3% year over year.
After periods of underperformance, several companies across housing, restaurants, and aviation have announced significant share buyback programs, signaling confidence despite softer trading in their stocks, according to MarketBeat Ratings. One of the announcements came from D.R. Horton. The homebuilder said it has buyback capacity equal to more than 10% of its market capitalization, after its shares struggled in 2026. MarketBeat Ratings also noted that in the latest quarter, D.R. Horton reported home sales revenue down 3% year over year and earnings per share declining 4.8%. MarketBeat Ratings linked the pressure on homebuilders to affordability challenges, citing that 30-year mortgage rates have climbed to 7%, the highest level since early 2025. Even with those headwinds, D.R. Horton raised its 2026 repurchase guidance by 30%.
The other companies highlighted by MarketBeat Ratings are CAVA and FTAI Aviation, which each announced buyback programs worth $100 million or more after previously doing little to no buybacks.