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.
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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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.
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