Wall Street analysts forecast that PulteGroup, Inc. (NYSE:PHM) will report earnings per share of $1.08 for the current quarter, according to Zacks. Six analysts have made estimates for PulteGroup’s earnings. The highest EPS estimate is $1.12 and the lowest is $1.03. PulteGroup reported earnings per share of $1.11 in the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The company is expected to announce its next earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that PulteGroup will report full-year earnings of $3.54 per share for the current year, with EPS estimates ranging from $3.49 to $3.60. For the next fiscal year, analysts expect that the firm will post earnings of $3.91 per share, with EPS estimates ranging from $3.56 to $4.20. Zacks’ EPS averages are an average based on a survey of analysts that cover PulteGroup.
PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.09. The company had revenue of $2.71 billion for the quarter, compared to analyst estimates of $2.58 billion. PulteGroup had a return on equity of 20.02% and a net margin of 9.01%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 EPS.
A number of research analysts have recently commented on the company. JPMorgan Chase & Co. raised PulteGroup from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $30.00 to $37.50 in a report on Wednesday, September 11th. Buckingham Research increased their price objective on PulteGroup from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Thursday, October 24th. Royal Bank of Canada set a $33.00 price objective on PulteGroup and gave the company a “hold” rating in a report on Monday, August 26th. Wedbush increased their price objective on PulteGroup from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Co increased their price objective on PulteGroup from $34.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. PulteGroup presently has an average rating of “Hold” and a consensus target price of $35.65.
Shares of NYSE PHM traded down $0.03 during mid-day trading on Thursday, reaching $38.77. 3,962,922 shares of the company traded hands, compared to its average volume of 3,963,183. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.57 and a current ratio of 0.57. The stock has a market cap of $10.35 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.34 and a beta of 0.64. The company’s fifty day moving average is $37.91 and its two-hundred day moving average is $33.87. PulteGroup has a fifty-two week low of $23.21 and a fifty-two week high of $41.22.
In other PulteGroup news, SVP James L. Ossowski sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $39.95, for a total value of $399,500.00. Following the sale, the senior vice president now owns 25,750 shares of the company’s stock, valued at approximately $1,028,712.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PHM. Ibex Wealth Advisors acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $37,000. Pearl River Capital LLC acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $38,000. Neo Ivy Capital Management acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $39,000. Point72 Asset Management L.P. acquired a new stake in PulteGroup in the 2nd quarter valued at approximately $47,000. Finally, Executive Wealth Management LLC grew its holdings in PulteGroup by 30.2% in the 3rd quarter. Executive Wealth Management LLC now owns 1,302 shares of the construction company’s stock valued at $47,000 after buying an additional 302 shares during the last quarter. 87.98% of the stock is currently owned by hedge funds and other institutional investors.
PulteGroup Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.