Equities analysts predict that PulteGroup, Inc. (NYSE:PHM) will report $2.60 billion in sales for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for PulteGroup’s earnings, with estimates ranging from $2.47 billion to $2.68 billion. PulteGroup reported sales of $2.13 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that PulteGroup will report full-year sales of $10.03 billion for the current fiscal year, with estimates ranging from $9.96 billion to $10.16 billion. For the next year, analysts anticipate that the company will post sales of $10.69 billion, with estimates ranging from $10.28 billion to $11.18 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for PulteGroup.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data 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 firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.38 billion. PulteGroup had a return on equity of 19.95% and a net margin of 7.92%. The company’s revenue was up 27.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 EPS.
PHM has been the topic of a number of recent research reports. Wedbush reiterated a “neutral” rating on shares of PulteGroup in a research report on Monday, July 16th. Citigroup increased their price target on shares of PulteGroup from $30.00 to $32.00 and gave the company a “hold” rating in a research report on Monday, July 23rd. BTIG Research cut shares of PulteGroup from a “neutral” rating to a “sell” rating in a research report on Friday, July 27th. They noted that the move was a valuation call. Susquehanna Bancshares set a $32.00 price target on shares of PulteGroup and gave the company a “hold” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Monday, July 30th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $33.21.
Shares of PulteGroup stock traded down $0.53 during trading on Monday, hitting $22.29. 408,463 shares of the stock traded hands, compared to its average volume of 4,713,213. PulteGroup has a 52 week low of $22.53 and a 52 week high of $35.21. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $7.04 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 0.36 and a beta of 1.04.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Investors of record on Tuesday, September 18th were given 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 1.62%. PulteGroup’s payout ratio is 16.44%.
In related news, Director Brian P. Anderson sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $28.96, for a total transaction of $144,800.00. Following the transaction, the director now directly owns 101,235 shares in the company, valued at approximately $2,931,765.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. McKinley Carter Wealth Services Inc. boosted its stake in shares of PulteGroup by 20.7% during the 1st quarter. McKinley Carter Wealth Services Inc. now owns 10,438 shares of the construction company’s stock valued at $308,000 after purchasing an additional 1,789 shares in the last quarter. Mariner LLC boosted its stake in shares of PulteGroup by 26.3% during the 1st quarter. Mariner LLC now owns 9,173 shares of the construction company’s stock valued at $270,000 after purchasing an additional 1,911 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in PulteGroup by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 722,907 shares of the construction company’s stock valued at $20,825,000 after acquiring an additional 2,030 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in PulteGroup by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 44,844 shares of the construction company’s stock valued at $1,321,000 after acquiring an additional 2,136 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in PulteGroup by 54.9% during the 2nd quarter. Rehmann Capital Advisory Group now owns 6,187 shares of the construction company’s stock valued at $178,000 after acquiring an additional 2,193 shares in the last quarter. 86.56% of the stock is currently owned by institutional investors and hedge funds.
PulteGroup Company Profile
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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