PulteGroup (NYSE:PHM – Get Free Report) issued its quarterly earnings results on Tuesday. The construction company reported $3.35 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.25, Briefing.com reports. The company had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.90 EPS.
PulteGroup Stock Up 2.0 %
Shares of PulteGroup stock opened at $135.84 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.76 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $136.67 and a 200 day moving average price of $122.95. The stock has a market cap of $28.19 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.55 and a beta of 1.62. PulteGroup has a twelve month low of $70.21 and a twelve month high of $149.47.
PulteGroup Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Tuesday, September 17th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.80 dividend on an annualized basis and a yield of 0.59%. PulteGroup’s dividend payout ratio (DPR) is 5.90%.
Insider Buying and Selling at PulteGroup
Wall Street Analysts Forecast Growth
PHM has been the subject of several analyst reports. BTIG Research boosted their price target on PulteGroup from $139.00 to $156.00 and gave the company a “buy” rating in a report on Wednesday. Citigroup lowered their price objective on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Wedbush reissued a “neutral” rating and set a $115.00 price objective on shares of PulteGroup in a research note on Tuesday. Wolfe Research cut shares of PulteGroup from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, August 14th. Finally, Barclays boosted their price objective on shares of PulteGroup from $131.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.00.
Read Our Latest Stock Report on PulteGroup
About PulteGroup
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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