PulteGroup (PHM) Scheduled to Post Quarterly Earnings on Tuesday
PulteGroup (NYSE:PHM) will announce its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.50 per share for the quarter.
PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, January 29th. The construction company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.02. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.90 billion. PulteGroup had a return on equity of 22.51% and a net margin of 10.03%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. On average, analysts expect PulteGroup to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of PHM stock opened at $29.50 on Tuesday. The firm has a market cap of $8.16 billion, a PE ratio of 8.22, a price-to-earnings-growth ratio of 1.40 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.77 and a current ratio of 0.77. PulteGroup has a 12-month low of $20.64 and a 12-month high of $33.04.
In other news, insider Ryan Marshall sold 15,000 shares of the business’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $27.81, for a total transaction of $417,150.00. Following the sale, the insider now directly owns 453,996 shares of the company’s stock, valued at $12,625,628.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by insiders.
A number of equities analysts have recently issued reports on PHM shares. Royal Bank of Canada downgraded PulteGroup from a “sector perform” rating to an “underperform” rating and set a $25.00 price target on the stock. in a research report on Friday, January 11th. They noted that the move was a valuation call. BTIG Research downgraded PulteGroup from a “neutral” rating to a “sell” rating and set a $23.00 price target on the stock. in a research report on Thursday, January 17th. Buckingham Research initiated coverage on shares of PulteGroup in a report on Friday, January 11th. They set a “neutral” rating and a $30.00 price objective on the stock. They noted that the move was a valuation call. Zacks Investment Research lowered shares of PulteGroup from a “hold” rating to a “sell” rating in a report on Monday, December 31st. Finally, Raymond James lowered shares of PulteGroup from an “outperform” rating to a “market perform” rating in a report on Thursday, February 14th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $28.46.
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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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