Wall Street analysts expect PulteGroup, Inc. (NYSE:PHM) to announce $2.79 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for PulteGroup’s earnings, with the highest sales estimate coming in at $2.82 billion and the lowest estimate coming in at $2.75 billion. PulteGroup reported sales of $2.49 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, January 30th.
On average, analysts expect that PulteGroup will report full-year sales of $2.79 billion for the current financial year, with estimates ranging from $8.53 billion to $8.59 billion. For the next fiscal year, analysts anticipate that the company will post sales of $10.28 billion per share, with estimates ranging from $9.75 billion to $11.11 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow PulteGroup.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period last year, the business posted $0.43 earnings per share. The firm’s revenue was up 9.6% compared to the same quarter last year.
Several analysts recently commented on PHM shares. UBS Group assumed coverage on PulteGroup in a report on Wednesday, October 25th. They issued a “buy” rating and a $38.00 price objective on the stock. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Citigroup lowered PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price objective on the stock. in a report on Friday, October 20th. Credit Suisse Group set a $35.00 price objective on PulteGroup and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Wedbush restated a “neutral” rating and issued a $22.00 target price (down previously from $27.00) on shares of PulteGroup in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. PulteGroup presently has a consensus rating of “Hold” and an average target price of $31.92.
In other news, insider James R. Ellinghausen sold 67,490 shares of PulteGroup stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert Oshaughnessy sold 92,800 shares of PulteGroup stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now directly owns 363,722 shares of the company’s stock, valued at $12,326,538.58. The disclosure for this sale can be found here. Insiders sold 297,202 shares of company stock worth $9,394,580 in the last 90 days. Company insiders own 0.71% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHM. Tower Research Capital LLC TRC grew its stake in PulteGroup by 3.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after purchasing an additional 148 shares in the last quarter. Invictus RG grew its stake in PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after purchasing an additional 3,993 shares in the last quarter. Fieldpoint Private Securities LLC acquired a new position in PulteGroup during the 3rd quarter worth $150,000. Northwestern Mutual Wealth Management Co. grew its stake in PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after purchasing an additional 465 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in PulteGroup during the 2nd quarter worth $220,000. 84.53% of the stock is owned by hedge funds and other institutional investors.
PulteGroup (NYSE:PHM) opened at $34.48 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $10,147.76, a PE ratio of 16.84, a PEG ratio of 0.57 and a beta of 1.22. PulteGroup has a 1-year low of $18.54 and a 1-year high of $35.01.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th were given a dividend of $0.09 per share. The ex-dividend date was Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a yield of 1.04%. PulteGroup’s payout ratio is 17.91%.
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PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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