Wall Street analysts expect that PulteGroup, Inc. (NYSE:PHM) will post earnings of $0.84 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for PulteGroup’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.79. PulteGroup posted earnings per share of $0.67 in the same quarter last year, which would indicate a positive year-over-year growth rate of 25.4%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, January 30th.
According to Zacks, analysts expect that PulteGroup will report full-year earnings of $2.00 per share for the current financial year, with EPS estimates ranging from $1.95 to $2.06. For the next financial year, analysts forecast that the company will post earnings of $3.03 per share, with EPS estimates ranging from $2.59 to $3.60. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for PulteGroup.
PHM has been the topic of several research reports. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Friday, October 27th. Credit Suisse Group set a $35.00 price target on shares of PulteGroup and gave the company a “buy” rating in a research report on Tuesday, October 24th. Citigroup lowered shares of PulteGroup from a “neutral” rating to a “sell” rating and set a $26.00 price target on the stock. in a research report on Friday, October 20th. KeyCorp reissued a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Finally, Buckingham Research lowered shares of PulteGroup from a “buy” rating to a “neutral” rating and boosted their price target for the company from $31.00 to $33.00 in a research report on Sunday, November 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.38.
A number of large investors have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI grew its stake in PulteGroup by 5.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 67,747 shares of the construction company’s stock worth $2,253,000 after buying an additional 3,341 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in PulteGroup by 962.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 150,310 shares of the construction company’s stock worth $4,998,000 after buying an additional 136,169 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in PulteGroup in the 4th quarter worth approximately $12,891,000. Jennison Associates LLC grew its stake in PulteGroup by 61.4% in the 4th quarter. Jennison Associates LLC now owns 53,886 shares of the construction company’s stock worth $1,792,000 after buying an additional 20,508 shares in the last quarter. Finally, Prospera Financial Services Inc purchased a new position in PulteGroup in the 4th quarter worth approximately $223,000. 83.37% of the stock is owned by institutional investors.
PulteGroup (NYSE PHM) traded up $0.27 during midday trading on Friday, hitting $34.52. 7,040,000 shares of the stock traded hands, compared to its average volume of 3,970,000. PulteGroup has a one year low of $20.92 and a one year high of $35.21. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $10,150.00, a price-to-earnings ratio of 16.92, a P/E/G ratio of 0.55 and a beta of 1.21.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.36 annualized dividend and a yield of 1.04%. PulteGroup’s dividend payout ratio is currently 17.65%.
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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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