PulteGroup, Inc. (PHM) Set to Announce Quarterly Earnings on Wednesday
PulteGroup, Inc. (NYSE:PHM) is set to announce its earnings results before the market opens on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.62 per share for the quarter.
PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 25th. The construction company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.02. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. PulteGroup had a return on equity of 13.43% and a net margin of 7.35%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. On average, analysts expect PulteGroup to post $2.07 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.
Shares of PulteGroup, Inc. (NYSE:PHM) opened at 26.85 on Wednesday. The stock has a market capitalization of $8.10 billion, a P/E ratio of 14.86 and a beta of 1.06. PulteGroup, Inc. has a 52 week low of $17.69 and a 52 week high of $27.76. The company has a 50-day moving average price of $26.18 and a 200 day moving average price of $24.45.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Tuesday, September 19th were paid a $0.09 dividend. The ex-dividend date was Monday, September 18th. This represents a $0.36 dividend on an annualized basis and a yield of 1.34%. PulteGroup’s payout ratio is 20.00%.
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PHM has been the subject of a number of research analyst reports. FBR & Co reissued an “outperform” rating and issued a $28.00 target price (up from $26.00) on shares of PulteGroup in a research note on Wednesday, July 26th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, July 4th. MKM Partners restated a “neutral” rating on shares of PulteGroup in a report on Tuesday, September 5th. Wedbush restated a “neutral” rating and issued a $22.00 price target on shares of PulteGroup in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price target on shares of PulteGroup in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $25.45.
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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