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.

PHM has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of PulteGroup from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. UBS AG downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating in a research note on Wednesday, July 26th. Citigroup Inc. downgraded shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price target for the company. in a research note on Friday, October 20th. Bank of America Corporation set a $34.00 price target on shares of PulteGroup and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Susquehanna Bancshares Inc downgraded shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target for the company. in a research note on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $29.92.

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.

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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.

About PulteGroup

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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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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