Brokerages Expect PulteGroup, Inc. (PHM) Will Post Quarterly Sales of $2.78 Billion
Brokerages expect PulteGroup, Inc. (NYSE:PHM) to announce $2.78 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for PulteGroup’s earnings, with the lowest sales estimate coming in at $2.72 billion and the highest estimate coming in at $2.82 billion. PulteGroup reported sales of $2.49 billion in the same quarter last year, which indicates a positive year over year growth rate of 11.6%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that PulteGroup will report full-year sales of $2.78 billion for the current fiscal year, with estimates ranging from $8.33 billion to $8.59 billion. For the next financial year, analysts anticipate that the company will post sales of $10.17 billion per share, with estimates ranging from $9.52 billion to $11.11 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow PulteGroup.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.01. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm posted $0.43 EPS. The firm’s quarterly revenue was up 9.6% on a year-over-year basis.
In other news, insider James R. Ellinghausen sold 67,490 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $32.35, for a total value of $2,183,301.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider James R. Ellinghausen sold 136,912 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $29.70, for a total transaction of $4,066,286.40. Following the completion of the transaction, the insider now owns 294,369 shares of the company’s stock, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. 0.71% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Fiera Capital Corp bought a new stake in shares of PulteGroup in the second quarter worth $45,333,000. LSV Asset Management lifted its position in shares of PulteGroup by 150.9% in the second quarter. LSV Asset Management now owns 2,029,335 shares of the construction company’s stock worth $49,779,000 after purchasing an additional 1,220,579 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of PulteGroup in the second quarter worth $29,436,000. Janus Henderson Group PLC lifted its position in shares of PulteGroup by 747.1% in the third quarter. Janus Henderson Group PLC now owns 1,323,075 shares of the construction company’s stock worth $36,159,000 after purchasing an additional 1,166,885 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its position in shares of PulteGroup by 2,015.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,046,201 shares of the construction company’s stock worth $28,591,000 after purchasing an additional 996,747 shares in the last quarter. Institutional investors own 84.22% of the company’s stock.
PulteGroup (NYSE:PHM) opened at $32.73 on Wednesday. PulteGroup has a 12 month low of $18.18 and a 12 month high of $32.90. The firm has a market cap of $9,620.00, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25.
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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