Equities analysts expect PulteGroup, Inc. (NYSE:PHM) to announce earnings of $0.60 per share for the current quarter, according to Zacks. Seven analysts have made estimates for PulteGroup’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.57. PulteGroup posted earnings of $0.43 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 39.5%. The business is scheduled to report its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that PulteGroup will report full year earnings of $2.06 per share for the current financial year, with EPS estimates ranging from $2.02 to $2.11. For the next fiscal year, analysts expect that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.55 to $3.02. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for PulteGroup.

PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Tuesday, July 25th. The construction company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.02. PulteGroup had a net margin of 7.35% and a return on equity of 13.43%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year.

A number of research analysts recently issued reports on the stock. Bank of America Corporation reissued a “buy” rating and set a $30.00 price target (up from $29.00) on shares of PulteGroup in a research report on Tuesday, June 27th. Credit Suisse Group assumed coverage on shares of PulteGroup in a research report on Thursday, June 22nd. They set an “outperform” rating and a $27.00 price target for the company. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, July 4th. MKM Partners reissued a “neutral” rating on shares of PulteGroup in a research report on Tuesday, September 5th. Finally, Susquehanna Bancshares Inc cut shares of PulteGroup from a “positive” rating to a “neutral” rating and set a $26.00 price target for the company. in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.91.

PulteGroup (NYSE:PHM) traded up 0.90% during midday trading on Friday, reaching $25.88. 4,243,384 shares of the company’s stock traded hands. The company’s 50-day moving average price is $25.55 and its 200-day moving average price is $24.07. PulteGroup has a 52-week low of $17.69 and a 52-week high of $26.64. The stock has a market cap of $7.81 billion, a P/E ratio of 14.32 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Tuesday, September 19th will be paid a $0.09 dividend. The ex-dividend date is Monday, September 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. PulteGroup’s dividend payout ratio is presently 20.00%.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/zacks-analysts-expect-pultegroup-inc-phm-to-announce-0-60-earnings-per-share/1583464.html.

Several hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC grew its stake in shares of PulteGroup by 0.4% in the second quarter. Flinton Capital Management LLC now owns 12,288 shares of the construction company’s stock worth $302,000 after acquiring an additional 48 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of PulteGroup by 3.8% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock worth $100,000 after acquiring an additional 148 shares during the period. Riverhead Capital Management LLC grew its stake in shares of PulteGroup by 1.2% in the second quarter. Riverhead Capital Management LLC now owns 13,673 shares of the construction company’s stock worth $336,000 after acquiring an additional 159 shares during the period. McKinley Carter Wealth Services Inc. grew its stake in shares of PulteGroup by 1.7% in the second quarter. McKinley Carter Wealth Services Inc. now owns 10,417 shares of the construction company’s stock worth $256,000 after acquiring an additional 172 shares during the period. Finally, Dumont & Blake Investment Advisors LLC grew its stake in shares of PulteGroup by 0.4% in the second quarter. Dumont & Blake Investment Advisors LLC now owns 39,600 shares of the construction company’s stock worth $971,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 85.71% of the company’s stock.

About PulteGroup

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.

Get a free copy of the Zacks research report on PulteGroup (PHM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PulteGroup (NYSE:PHM)

Receive News & Ratings for PulteGroup Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.