PulteGroup (NYSE:PHM - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $3.28 per share and revenue of $4,644,543.95 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
PulteGroup (NYSE:PHM - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The construction company reported $3.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.10 by $0.25. The company had revenue of $4.48 billion for the quarter, compared to analysts' expectations of $4.27 billion. PulteGroup had a return on equity of 25.30% and a net margin of 16.64%. PulteGroup's quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $2.90 EPS. On average, analysts expect PulteGroup to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.
Shares of PHM stock opened at $116.95 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $119.75 and a two-hundred day simple moving average of $127.34. PulteGroup has a 12 month low of $100.24 and a 12 month high of $149.47. The firm has a market capitalization of $23.98 billion, a PE ratio of 8.62, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from PulteGroup's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. PulteGroup's payout ratio is presently 6.49%.
Several brokerages have recently commented on PHM. Oppenheimer lowered their price objective on PulteGroup from $168.00 to $165.00 and set an "outperform" rating for the company in a research note on Wednesday, October 23rd. Wedbush upgraded shares of PulteGroup from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Friday, January 3rd. UBS Group raised PulteGroup from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $154.00 to $148.00 in a research report on Wednesday, January 8th. The Goldman Sachs Group cut their price target on shares of PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI decreased their price objective on shares of PulteGroup from $198.00 to $195.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.14.
Check Out Our Latest Analysis on PHM
PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.
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