Analysts expect PulteGroup, Inc. (NYSE: PHM) to post earnings of $ 2.33 per share
Brokerages expect PulteGroup, Inc. (NYSE: PHM) to report earnings of $ 2.33 per share for the current fiscal quarter, according to Zacks. Five analysts have estimated PulteGroup’s earnings. The highest EPS estimate is $ 2.66 and the lowest is $ 2.08. PulteGroup posted earnings of $ 1.49 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 56.4%. The company is expected to release its next quarterly earnings report on Thursday, January 27.
On average, analysts predict that PulteGroup will report annual earnings of $ 7.16 per share for the current year, with EPS estimates ranging from $ 6.93 to $ 7.45. For next year, analysts expect the company to post earnings of $ 8.74 per share, with EPS estimates ranging from $ 8.01 to $ 9.70. Zacks Investment Research’s BPA calculations are an average based on a survey of seller-side research analysts who follow PulteGroup.
PulteGroup (NYSE: PHM) last released its quarterly earnings data on Tuesday, October 26. The construction company reported EPS of $ 1.82 for the quarter, beating analyst consensus estimates of $ 1.79 by $ 0.03. The company posted revenue of $ 3.48 billion in the quarter, compared to a consensus estimate of $ 3.43 billion. PulteGroup had a return on equity of 24.55% and a net margin of 13.49%. The company’s revenue for the quarter increased 17.7% year-over-year. During the same period of the previous year, the company posted EPS of $ 1.34.
Several analysts recently published reports on PHM stocks. JPMorgan Chase & Co. lowered its price target on PulteGroup from $ 81.00 to $ 71.00 and set an “overweight” rating for the company in a report released on Thursday, October 14. Citigroup raised its price target on PulteGroup from $ 56.00 to $ 58.00 and gave the company a “buy” rating in a report released on Wednesday, October 27. Bank of America began covering PulteGroup in a report on Monday, November 8. They issued an âunderperformanceâ rating for the company. BTIG Research lowered its price target on PulteGroup from $ 77.00 to $ 72.00 and set a âbuyâ rating for the company in a report released on Thursday, September 9. Finally, Raymond James increased his price target on PulteGroup from $ 68.00 to $ 70.00 and gave the company a âstrong buyâ rating in a report released on Wednesday, October 27. One equity research analyst rated the stock with a sell rating, four assigned a conservation rating, seven assigned a buy rating, and one gave the company a high buy rating. According to MarketBeat data, PulteGroup currently has a consensus rating of âBuyâ and a consensus price target of $ 62.45.
Several hedge funds have recently changed their holdings in the company. Balyasny Asset Management LLC purchased a new position in PulteGroup shares during the third quarter valued at approximately $ 50,294,000. Bank of New York Mellon Corp increased its position in PulteGroup shares by 44.7% during the third quarter. Bank of New York Mellon Corp now owns 3,771,204 shares of the construction company valued at $ 173,175,000 after purchasing an additional 1,165,839 shares in the last quarter. Personal CFO Solutions LLC increased its position in PulteGroup shares by 8.6% during the third quarter. Personal CFO Solutions LLC now owns 12,657 shares of the construction company valued at $ 581,000 after purchasing an additional 998 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new position in PulteGroup shares during the third quarter valued at approximately $ 267,000. Finally, Strategic Wealth Management Inc. increased its position in PulteGroup shares by 4.5% during the third quarter. Strategic Wealth Management Inc. now owns 32,158 shares of the construction company valued at $ 1,477,000 after purchasing an additional 1,379 shares in the last quarter. 85.74% of the shares are currently held by institutional investors and hedge funds.
PHM stock opened at $ 52.09 on Monday. The company has a market cap of $ 13.19 billion, a price / earnings ratio of 8.05, a PEG ratio of 0.30 and a beta of 1.42. The company has a quick ratio of 0.92, a current ratio of 0.92, and a debt ratio of 0.29. The company has a fifty-day simple moving average of $ 49.59 and a 200-day simple moving average of $ 52.03. PulteGroup has a 52 week low of $ 39.92 and a 52 week high of $ 63.90.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 4. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.15 per share. The ex-dividend date is Tuesday, December 14. This is an increase from PulteGroup’s previous quarterly dividend of $ 0.14. This represents an annualized dividend of $ 0.60 and a dividend yield of 1.15%. PulteGroup’s dividend payout ratio (DPR) is currently 8.66%.
PulteGroup, Inc is engaged in the residential construction industry. The company was also engaged in mortgage banking and securities brokerage and insurance. It operates through the Housing Construction and Financial Services business segments. The residential construction segment includes activities in Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, from Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico and Washington.
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