PulteGroup (PHM) Set to Announce Quarterly Earnings on Monday

PulteGroup (NYSE:PHM) is set to announce its earnings results before the market opens on Monday, April 23rd. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, January 30th. The construction company reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. PulteGroup’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. On average, analysts expect PulteGroup to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

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PulteGroup stock opened at $29.29 on Monday. The company has a market cap of $8,339.00, a P/E ratio of 13.37, a P/E/G ratio of 0.46 and a beta of 1.04. PulteGroup has a one year low of $21.41 and a one year high of $35.21.

PulteGroup declared that its board has approved a stock buyback program on Tuesday, January 30th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Friday, March 16th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, March 15th. This represents a $0.36 annualized dividend and a dividend yield of 1.23%. PulteGroup’s dividend payout ratio (DPR) is presently 16.44%.

PHM has been the subject of several research analyst reports. UBS lifted their price objective on PulteGroup from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of PulteGroup in a research report on Monday, March 26th. Zacks Investment Research downgraded PulteGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. Mizuho upgraded PulteGroup from a “neutral” rating to a “buy” rating in a research report on Thursday, January 18th. Finally, B. Riley reiterated a “hold” rating and issued a $36.00 price objective on shares of PulteGroup in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $34.15.

In other news, Director Patrick J. Oleary sold 8,677 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total transaction of $260,570.31. Following the completion of the sale, the director now owns 90,687 shares in the company, valued at $2,723,330.61. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.86% of the company’s stock.

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About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.

Earnings History for PulteGroup (NYSE:PHM)

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