Brokerages expect PulteGroup, Inc. (NYSE:PHM) to announce $0.92 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for PulteGroup’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.98. PulteGroup reported earnings per share of $1.01 in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.9%. The company is expected to issue its next earnings report before the market opens on Tuesday, October 22nd.
On average, analysts expect that PulteGroup will report full-year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.32 to $3.50. For the next fiscal year, analysts anticipate that the business will report earnings of $3.72 per share, with EPS estimates ranging from $3.41 to $3.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow PulteGroup.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, July 23rd. The construction company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The business had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the firm earned $0.89 earnings per share. The business’s revenue was down 3.1% compared to the same quarter last year.
PHM has been the topic of a number of research analyst reports. Seaport Global Securities initiated coverage on PulteGroup in a research report on Friday, August 23rd. They set a “buy” rating and a $44.00 target price on the stock. JPMorgan Chase & Co. upgraded PulteGroup from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $37.50 in a research report on Wednesday, September 11th. Royal Bank of Canada set a $33.00 target price on PulteGroup and gave the stock a “hold” rating in a research report on Monday, August 26th. ValuEngine cut PulteGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Wedbush lifted their target price on PulteGroup from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $32.06.
In related news, insider James L. Ossowski sold 5,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $34.00, for a total value of $170,000.00. Following the transaction, the insider now owns 25,750 shares in the company, valued at approximately $875,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.
A number of hedge funds have recently modified their holdings of PHM. Man Group plc increased its position in PulteGroup by 502.7% during the 2nd quarter. Man Group plc now owns 2,098,548 shares of the construction company’s stock worth $66,357,000 after purchasing an additional 1,750,338 shares during the period. Nuveen Asset Management LLC increased its position in PulteGroup by 416.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,994,991 shares of the construction company’s stock worth $63,081,000 after purchasing an additional 1,609,068 shares during the period. Robeco Institutional Asset Management B.V. increased its position in PulteGroup by 232.6% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,749,247 shares of the construction company’s stock worth $55,314,000 after purchasing an additional 1,223,286 shares during the period. AQR Capital Management LLC increased its position in PulteGroup by 13.4% during the 2nd quarter. AQR Capital Management LLC now owns 8,405,551 shares of the construction company’s stock worth $265,783,000 after purchasing an additional 990,999 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in PulteGroup by 2,471.9% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 958,943 shares of the construction company’s stock worth $30,322,000 after purchasing an additional 921,658 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.
PHM opened at $38.30 on Wednesday. The business’s 50-day simple moving average is $35.76 and its 200-day simple moving average is $32.68. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.51 and a current ratio of 0.51. PulteGroup has a one year low of $20.64 and a one year high of $38.78. The stock has a market capitalization of $10.49 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.51 and a beta of 0.65.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Tuesday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 12.26%.
PulteGroup Company Profile
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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