Somewhat Favorable Media Coverage Somewhat Unlikely to Impact PulteGroup (PHM) Stock Price
News stories about PulteGroup (NYSE:PHM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. PulteGroup earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the construction company an impact score of 46.4772581757636 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Equities Analysts Set Expectations for PulteGroup, Inc.’s FY2018 Earnings (PHM) (americanbankingnews.com)
- PulteGroup (PHM) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- The Housing Industry: Checking In Ahead Of Q4 Earnings Reports (benzinga.com)
- PulteGroup (PHM) Lowered to “Neutral” at B. Riley (americanbankingnews.com)
- PulteGroup, Inc. (PHM) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
PulteGroup (NYSE PHM) traded up $0.71 during mid-day trading on Friday, hitting $34.54. The company had a trading volume of 4,796,400 shares, compared to its average volume of 4,340,000. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $10,150.00, a P/E ratio of 16.93, a PEG ratio of 0.72 and a beta of 1.21. PulteGroup has a 52-week low of $18.24 and a 52-week high of $34.62.
PulteGroup (NYSE:PHM) last posted its quarterly earnings data on Tuesday, October 24th. The construction company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.30 billion. PulteGroup had a return on equity of 14.38% and a net margin of 7.77%. The company’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. sell-side analysts expect that PulteGroup will post 2.2 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 3rd. Investors of record on Tuesday, December 12th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.36 annualized dividend and a dividend yield of 1.04%. PulteGroup’s dividend payout ratio is presently 17.65%.
Several equities analysts have recently commented on the company. B. Riley reaffirmed a “buy” rating on shares of PulteGroup in a research note on Wednesday, November 1st. ValuEngine raised PulteGroup from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered PulteGroup from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Bank of America set a $34.00 price target on PulteGroup and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Wedbush upped their price target on PulteGroup from $27.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 29th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. PulteGroup currently has an average rating of “Hold” and a consensus price target of $31.38.
In related news, insider James R. Ellinghausen sold 67,490 shares of the business’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $32.35, for a total value of $2,183,301.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider James R. Ellinghausen sold 136,912 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $29.70, for a total value of $4,066,286.40. Following the completion of the sale, the insider now owns 294,369 shares in the company, valued at approximately $8,742,759.30. The disclosure for this sale can be found here. Insiders sold a total of 297,202 shares of company stock worth $9,394,580 in the last quarter. Company insiders own 0.71% of the company’s stock.
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PulteGroup Company Profile
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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