Brokerages Expect PulteGroup, Inc. (NYSE:PHM) Will Post Quarterly Sales of $2.91 Billion


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Equities analysts predict that PulteGroup, Inc. (NYSE:PHM) will report sales of $2.91 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for PulteGroup’s earnings, with the lowest sales estimate coming in at $2.78 billion and the highest estimate coming in at $3.21 billion. PulteGroup reported sales of $2.29 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 27.1%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, April 27th.

According to Zacks, analysts expect that PulteGroup will report full year sales of $13.64 billion for the current fiscal year, with estimates ranging from $13.30 billion to $14.04 billion. For the next financial year, analysts anticipate that the firm will report sales of $14.40 billion, with estimates ranging from $13.00 billion to $15.83 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow PulteGroup.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, January 28th. The construction company reported $1.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.09. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.14 billion. PulteGroup had a net margin of 12.01% and a return on equity of 20.62%. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS.

Several analysts have recently commented on PHM shares. Raymond James raised their price objective on shares of PulteGroup from $60.00 to $63.00 and gave the company a “strong-buy” rating in a research report on Monday, January 25th. Barclays upgraded shares of PulteGroup from an “equal weight” rating to an “overweight” rating and set a $59.00 price objective on the stock in a research report on Friday, December 18th. Wolfe Research assumed coverage on shares of PulteGroup in a report on Monday, March 22nd. They issued a “peer perform” rating on the stock. Bank of America downgraded shares of PulteGroup from a “neutral” rating to an “underperform” rating in a report on Tuesday, January 5th. Finally, BTIG Research upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Friday, January 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $52.20.

In related news, VP John J. Chadwick sold 8,538 shares of PulteGroup stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $46.32, for a total transaction of $395,480.16. Following the completion of the transaction, the vice president now directly owns 78,895 shares of the company’s stock, valued at approximately $3,654,416.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Liberty One Investment Management LLC boosted its position in PulteGroup by 5.3% in the 1st quarter. Liberty One Investment Management LLC now owns 19,064 shares of the construction company’s stock valued at $1,000,000 after buying an additional 959 shares during the period. Carroll Financial Associates Inc. boosted its position in PulteGroup by 1,048.8% in the 1st quarter. Carroll Financial Associates Inc. now owns 4,940 shares of the construction company’s stock valued at $259,000 after buying an additional 4,510 shares during the period. Pacer Advisors Inc. boosted its position in PulteGroup by 2.2% in the 1st quarter. Pacer Advisors Inc. now owns 92,638 shares of the construction company’s stock valued at $4,858,000 after buying an additional 1,962 shares during the period. Alpha DNA Investment Management LLC bought a new stake in shares of PulteGroup in the 4th quarter valued at about $53,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of PulteGroup in the 4th quarter valued at about $1,566,000. 85.16% of the stock is owned by institutional investors.

Shares of PHM stock traded down $0.37 on Monday, hitting $53.16. 127,946 shares of the stock traded hands, compared to its average volume of 3,113,455. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 11.05, a PEG ratio of 0.60 and a beta of 1.40. PulteGroup has a 52 week low of $23.14 and a 52 week high of $54.22. The firm has a 50 day simple moving average of $48.49 and a two-hundred day simple moving average of $45.64. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.30 and a quick ratio of 1.31.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Friday, March 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.05%. PulteGroup’s dividend payout ratio (DPR) is presently 16.05%.

About PulteGroup

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, American West, and John Wieland Homes and Neighborhoods brand names.

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