PulteGroup, Inc. (NYSE:PHM) Expected to Announce Earnings of $1.85 Per Share

Analysts expect PulteGroup, Inc. (NYSE:PHM) to announce earnings of $1.85 per share for the current quarter, Zacks reports. Five analysts have provided estimates for PulteGroup’s earnings, with the lowest EPS estimate coming in at $1.72 and the highest estimate coming in at $1.96. PulteGroup posted earnings of $1.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 38.1%. The business is scheduled to report its next earnings results before the market opens on Tuesday, October 26th.

According to Zacks, analysts expect that PulteGroup will report full year earnings of $7.37 per share for the current financial year, with EPS estimates ranging from $7.00 to $7.70. For the next financial year, analysts forecast that the firm will report earnings of $8.71 per share, with EPS estimates ranging from $8.39 to $9.53. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for PulteGroup.

PulteGroup (NYSE:PHM) last announced its earnings results on Tuesday, July 27th. The construction company reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.50 billion. PulteGroup had a return on equity of 23.69% and a net margin of 13.58%. The business’s revenue for the quarter was up 29.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.15 earnings per share.

PHM has been the topic of several research analyst reports. Seaport Res Ptn restated a “neutral” rating on shares of PulteGroup in a report on Monday, July 19th. JPMorgan Chase & Co. decreased their target price on PulteGroup from $81.00 to $71.00 and set an “overweight” rating on the stock in a report on Thursday. The Goldman Sachs Group cut PulteGroup from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $69.00 to $62.00 in a report on Wednesday, June 30th. Citigroup decreased their price target on PulteGroup from $63.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, September 27th. Finally, Zacks Investment Research cut PulteGroup from a “strong-buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Tuesday, June 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PulteGroup has a consensus rating of “Buy” and an average target price of $60.14.

Shares of PHM stock traded up $1.22 during trading hours on Friday, hitting $49.00. 59,258 shares of the company’s stock were exchanged, compared to its average volume of 2,750,794. The stock’s 50-day moving average is $50.44 and its 200-day moving average is $53.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of 7.72 and a beta of 1.43. PulteGroup has a 52 week low of $39.92 and a 52 week high of $63.90.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 5th. Shareholders of record on Monday, September 20th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend was Friday, September 17th. PulteGroup’s payout ratio is 11.89%.

Large investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in PulteGroup in the second quarter valued at about $38,000. Canada Pension Plan Investment Board acquired a new position in PulteGroup in the second quarter valued at about $51,000. Sandy Spring Bank lifted its stake in PulteGroup by 39.7% in the second quarter. Sandy Spring Bank now owns 1,408 shares of the construction company’s stock valued at $77,000 after buying an additional 400 shares during the period. Jacobi Capital Management LLC raised its position in shares of PulteGroup by 29.7% during the second quarter. Jacobi Capital Management LLC now owns 1,464 shares of the construction company’s stock worth $80,000 after purchasing an additional 335 shares during the period. Finally, Archer Investment Corp raised its position in shares of PulteGroup by 22.5% during the second quarter. Archer Investment Corp now owns 1,510 shares of the construction company’s stock worth $82,000 after purchasing an additional 277 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.

PulteGroup Company Profile

PulteGroup, Inc engages in the homebuilding business. The firm also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.

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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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