Wall Street brokerages expect PulteGroup, Inc. (NYSE:PHM) to report $0.90 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for PulteGroup’s earnings. The highest EPS estimate is $0.95 and the lowest is $0.84. PulteGroup posted earnings of $1.01 per share during the same quarter last year, which suggests a negative year over year growth rate of 10.9%. The firm is expected to report its next quarterly earnings results on Tuesday, October 22nd.

On average, analysts expect that PulteGroup will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.32 to $3.50. For the next fiscal year, analysts expect that the company will post earnings of $3.72 per share, with EPS estimates ranging from $3.41 to $3.96. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover PulteGroup.

PulteGroup (NYSE:PHM) last announced its quarterly earnings data on Tuesday, July 23rd. The construction company reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.04. PulteGroup had a net margin of 9.23% and a return on equity of 20.68%. The firm had revenue of $2.49 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year.

PHM has been the topic of a number of recent research reports. SunTrust Banks initiated coverage on shares of PulteGroup in a research note on Monday. They set a “buy” rating and a $38.00 target price on the stock. Royal Bank of Canada upgraded shares of PulteGroup from an “underperform” rating to a “sector perform” rating and increased their price target for the company from $29.00 to $33.00 in a research note on Wednesday, July 24th. Zacks Investment Research upgraded shares of PulteGroup from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Thursday, April 25th. BTIG Research upgraded shares of PulteGroup from a “sell” rating to a “neutral” rating and set a $31.35 price target on the stock in a research note on Wednesday, April 24th. Finally, Buckingham Research increased their price target on shares of PulteGroup from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.60.

In other news, Director Brian P. Anderson sold 21,191 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $33.03, for a total value of $699,938.73. Following the completion of the sale, the director now directly owns 80,065 shares of the company’s stock, valued at $2,644,546.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James L. Ossowski sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $34.00, for a total value of $170,000.00. Following the completion of the sale, the insider now directly owns 25,750 shares of the company’s stock, valued at $875,500. The disclosure for this sale can be found here. Insiders sold 54,957 shares of company stock valued at $1,788,205 over the last three months. Corporate insiders own 0.49% of the company’s stock.

Several hedge funds have recently bought and sold shares of PHM. Robeco Institutional Asset Management B.V. lifted its holdings in shares of PulteGroup by 232.6% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,749,247 shares of the construction company’s stock worth $55,314,000 after purchasing an additional 1,223,286 shares during the period. Westfield Capital Management Co. LP acquired a new stake in PulteGroup in the first quarter valued at $29,290,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in PulteGroup by 2,471.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 958,943 shares of the construction company’s stock valued at $30,322,000 after acquiring an additional 921,658 shares during the period. Artemis Investment Management LLP acquired a new stake in PulteGroup in the second quarter valued at $24,836,000. Finally, Teacher Retirement System of Texas lifted its holdings in PulteGroup by 110.1% in the second quarter. Teacher Retirement System of Texas now owns 1,424,938 shares of the construction company’s stock valued at $45,057,000 after acquiring an additional 746,669 shares during the period. 87.07% of the stock is owned by institutional investors and hedge funds.

Shares of PHM stock traded up $0.75 during trading hours on Thursday, reaching $32.23. 159,464 shares of the stock were exchanged, compared to its average volume of 4,381,953. The stock has a fifty day moving average price of $32.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.51 and a quick ratio of 0.51. PulteGroup has a 12-month low of $20.64 and a 12-month high of $34.03. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.27 and a beta of 0.72.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.

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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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