PulteGroup Inc. (PHM) Plans Quarterly Dividend of $0.05
PulteGroup (NYSE:PHM) declared a quarterly dividend on Wednesday, September 11th, Analyst Ratings Network.com reports. Stockholders of record on Tuesday, September 24th will be given a dividend of $0.05 per share on Wednesday, October 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%.
A number of research firms have recently commented on PHM. Analysts at Credit Suisse cut their price target on shares of PulteGroup (NYSE:PHM) from $21.00 to $20.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of PulteGroup (NYSE:PHM) in a research note to investors on Thursday, August 22nd. They now have a $17.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of PulteGroup (NYSE:PHM) from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, August 19th. They noted that the move was a valuation call.
One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. PulteGroup has an average rating of “Hold” and a consensus price target of $20.86.
Shares of PulteGroup (NYSE:PHM) traded up 1.84% on Wednesday, hitting $16.59. 7,492,506 shares of the company’s stock traded hands. PulteGroup has a 52 week low of $14.23 and a 52 week high of $24.47. The stock has a 50-day moving average of $16.15 and a 200-day moving average of $19.32. The company has a market cap of $6.443 billion and a price-to-earnings ratio of 21.52.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $0.11 earnings per share. PulteGroup’s revenue was up 19.6% compared to the same quarter last year. On average, analysts predict that PulteGroup will post $1.06 earnings per share for the current fiscal year.
PulteGroup, Inc (NYSE:PHM) is a homebuilder in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.