PulteGroup, Inc. (NYSE:PHM) – Stock analysts at FBR & Co dropped their Q4 2017 earnings per share (EPS) estimates for PulteGroup in a research note issued on Wednesday, Zacks Investment Research reports. FBR & Co analyst A. Rygiel now anticipates that the construction company will post earnings per share of $0.82 for the quarter, down from their prior forecast of $0.84. FBR & Co currently has a “Buy” rating and a $31.00 price target on the stock.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q4 2017 EPS Estimates for PulteGroup, Inc. Cut by Analyst (PHM)” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2017/11/12/pultegroup-inc-expected-to-post-q4-2017-earnings-of-0-82-per-share-phm.html.
Several other analysts have also recently issued reports on PHM. Wedbush reissued a “neutral” rating and set a $22.00 price objective on shares of PulteGroup in a research note on Tuesday, July 25th. UBS AG lowered shares of PulteGroup from a “positive” rating to a “neutral” rating in a report on Wednesday, July 26th. Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 target price on the stock. in a report on Wednesday, July 26th. Citigroup Inc. boosted their price objective on shares of PulteGroup from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. PulteGroup currently has an average rating of “Hold” and an average price target of $28.67.
Shares of PulteGroup (NYSE:PHM) opened at $31.15 on Thursday. PulteGroup has a 12 month low of $18.18 and a 12 month high of $31.36. The stock has a market cap of $9,133.57, a price-to-earnings ratio of 15.16, a PEG ratio of 0.89 and a beta of 1.18. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72.
A number of large investors have recently bought and sold shares of PHM. Principal Financial Group Inc. grew its stake in PulteGroup by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 467,882 shares of the construction company’s stock valued at $11,018,000 after buying an additional 12,321 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in PulteGroup by 7.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,025 shares of the construction company’s stock valued at $377,000 after purchasing an additional 1,118 shares during the period. Thrivent Financial For Lutherans boosted its holdings in PulteGroup by 3.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 10,492 shares of the construction company’s stock valued at $247,000 after purchasing an additional 330 shares during the period. AQR Capital Management LLC boosted its holdings in PulteGroup by 155.2% in the 1st quarter. AQR Capital Management LLC now owns 1,029,478 shares of the construction company’s stock valued at $24,244,000 after purchasing an additional 626,019 shares during the period. Finally, Paloma Partners Management Co boosted its holdings in PulteGroup by 212.0% in the 1st quarter. Paloma Partners Management Co now owns 57,373 shares of the construction company’s stock valued at $1,351,000 after purchasing an additional 38,983 shares during the period. Institutional investors and hedge funds own 87.82% of the company’s stock.
In related news, insider James R. Ellinghausen sold 136,912 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total value of $4,066,286.40. Following the transaction, the insider now directly owns 294,369 shares in the company, valued at approximately $8,742,759.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.71% of the company’s stock.
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.
Get a free copy of the Zacks research report on PulteGroup (PHM)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related companies with MarketBeat.com's FREE daily email newsletter.