PulteGroup (NYSE:PHM) will issue its quarterly earnings data before the market opens on Tuesday, October 23rd. Analysts expect the company to announce earnings of $0.95 per share for the quarter.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.74 by $0.15. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.38 billion. PulteGroup had a net margin of 7.92% and a return on equity of 19.95%. The firm’s revenue was up 27.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. On average, analysts expect PulteGroup to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE:PHM opened at $22.94 on Tuesday. The stock has a market cap of $7.04 billion, a P/E ratio of 10.45, a PEG ratio of 0.36 and a beta of 1.04. PulteGroup has a 12 month low of $22.67 and a 12 month high of $35.21. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.40 and a current ratio of 0.40.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, September 17th. This represents a $0.36 annualized dividend and a yield of 1.57%. PulteGroup’s payout ratio is 16.44%.
PHM has been the topic of several analyst reports. JPMorgan Chase & Co. downgraded shares of PulteGroup from an “overweight” rating to an “underweight” rating and cut their price target for the company from $37.50 to $28.00 in a report on Friday, September 21st. Barclays set a $30.00 price target on shares of PulteGroup and gave the company a “hold” rating in a report on Friday, September 14th. ValuEngine downgraded shares of PulteGroup from a “sell” rating to a “strong sell” rating in a report on Thursday, September 27th. Mizuho downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a report on Tuesday, August 7th. Finally, BTIG Research downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.50.
In other PulteGroup news, Director Brian P. Anderson sold 5,000 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $28.96, for a total value of $144,800.00. Following the completion of the sale, the director now directly owns 101,235 shares of the company’s stock, valued at approximately $2,931,765.60. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.86% of the stock is owned by insiders.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods names.
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