PulteGroup (NYSE:PHM) is set to announce its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.92 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, July 23rd. The construction company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.47 billion. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. PulteGroup’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. On average, analysts expect PulteGroup to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of PulteGroup stock opened at $38.30 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market cap of $10.49 billion, a P/E ratio of 10.67, a P/E/G ratio of 1.51 and a beta of 0.65. The firm has a 50 day simple moving average of $35.76 and a 200 day simple moving average of $32.68. PulteGroup has a fifty-two week low of $20.64 and a fifty-two week high of $38.78.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio is currently 12.26%.
A number of analysts recently weighed in on PHM shares. Royal Bank of Canada set a $33.00 price target on shares of PulteGroup and gave the company a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. raised shares of PulteGroup from a “neutral” rating to an “overweight” rating and raised their price target for the company from $30.00 to $37.50 in a report on Wednesday, September 11th. SunTrust Banks started coverage on shares of PulteGroup in a report on Monday, August 12th. They issued a “buy” rating and a $38.00 price target for the company. Seaport Global Securities started coverage on shares of PulteGroup in a report on Friday, August 23rd. They issued a “buy” rating and a $44.00 price target for the company. Finally, Wedbush raised their price target on shares of PulteGroup from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.06.
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs 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 brand names.
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