PulteGroup (PHM) Scheduled to Post Quarterly Earnings on Tuesday

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PulteGroup (NYSE:PHM) will post its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect PulteGroup to post earnings of $0.50 per share for the quarter.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.02. PulteGroup had a net margin of 10.03% and a return on equity of 22.51%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect PulteGroup to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

PHM opened at $29.50 on Tuesday. PulteGroup has a twelve month low of $20.64 and a twelve month high of $33.04. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $8.16 billion, a P/E ratio of 8.22, a P/E/G ratio of 1.40 and a beta of 0.79.

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 15th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.44 annualized dividend and a dividend yield of 1.49%. PulteGroup’s dividend payout ratio (DPR) is presently 12.26%.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Barclays set a $28.00 price objective on shares of PulteGroup and gave the company a “hold” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. upgraded shares of PulteGroup from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $24.00 to $25.50 in a report on Wednesday, April 10th. ValuEngine upgraded shares of PulteGroup from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, Credit Suisse Group set a $31.00 price objective on shares of PulteGroup and gave the company a “buy” rating in a report on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. PulteGroup presently has a consensus rating of “Hold” and an average target price of $28.46.

In other PulteGroup news, insider Ryan Marshall sold 15,000 shares of the stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $27.81, for a total value of $417,150.00. Following the completion of the sale, the insider now owns 453,996 shares in the company, valued at approximately $12,625,628.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by corporate insiders.

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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.

Further Reading: Earnings Per Share

Earnings History for PulteGroup (NYSE:PHM)

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