FY2018 EPS Estimates for PulteGroup, Inc. (PHM) Boosted by Wedbush
PulteGroup, Inc. (NYSE:PHM) – Equities research analysts at Wedbush lifted their FY2018 earnings estimates for shares of PulteGroup in a research report issued to clients and investors on Tuesday. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings per share of $2.60 for the year, up from their prior forecast of $2.29. Wedbush has a “Neutral” rating and a $22.00 price objective on the stock.
Other equities research analysts have also issued reports about the stock. UBS AG lowered shares of PulteGroup from a “positive” rating to a “neutral” rating in a research report on Wednesday. Citigroup Inc. boosted their price objective on shares of PulteGroup from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday. Bank of America Corporation restated a “buy” rating and issued a $30.00 price objective (up from $29.00) on shares of PulteGroup in a report on Tuesday, June 27th. Credit Suisse Group initiated coverage on shares of PulteGroup in a report on Thursday, June 22nd. They issued an “outperform” rating and a $27.00 price objective for the company. Finally, Susquehanna Bancshares Inc lowered shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price objective for the company. in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $25.08.
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Shares of PulteGroup (PHM) traded up 0.58% during trading on Thursday, reaching $24.43. 2,295,803 shares of the company traded hands. The stock has a market capitalization of $7.71 billion, a PE ratio of 13.49 and a beta of 1.15. The firm’s 50-day moving average is $24.25 and its 200-day moving average is $22.80. PulteGroup has a 12-month low of $17.69 and a 12-month high of $25.20.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.37 EPS.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, June 8th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, June 6th. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. PulteGroup’s dividend payout ratio is currently 20.00%.
In related news, Director Brian P. Anderson sold 14,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $23.18, for a total transaction of $324,520.00. Following the completion of the sale, the director now directly owns 108,744 shares in the company, valued at approximately $2,520,685.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.71% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Trust Department MB Financial Bank N A purchased a new stake in PulteGroup during the first quarter worth approximately $129,000. IFP Advisors Inc raised its stake in PulteGroup by 12.0% in the first quarter. IFP Advisors Inc now owns 5,959 shares of the construction company’s stock worth $140,000 after buying an additional 638 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in PulteGroup by 12.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,380 shares of the construction company’s stock worth $150,000 after buying an additional 702 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in PulteGroup during the first quarter worth approximately $155,000. Finally, Thrivent Financial for Lutherans raised its stake in PulteGroup by 1.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 10,162 shares of the construction company’s stock worth $187,000 after buying an additional 110 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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