PulteGroup, Inc. (NYSE:PHM) Expected to Announce Earnings of $1.08 Per Share

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Analysts expect PulteGroup, Inc. (NYSE:PHM) to post earnings per share (EPS) of $1.08 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for PulteGroup’s earnings, with estimates ranging from $1.03 to $1.12. PulteGroup reported earnings per share of $1.11 during the same quarter last year, which would indicate a negative year-over-year growth rate of 2.7%. The company is expected to issue its next quarterly earnings report on Tuesday, February 4th.

According to Zacks, analysts expect that PulteGroup will report full year earnings of $3.54 per share for the current financial year, with EPS estimates ranging from $3.49 to $3.60. For the next financial year, analysts expect that the business will post earnings of $3.91 per share, with EPS estimates ranging from $3.56 to $4.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover PulteGroup.

PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, October 22nd. The construction company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. The business had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.58 billion. PulteGroup had a net margin of 9.01% and a return on equity of 20.02%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 EPS.

A number of research firms have commented on PHM. JPMorgan Chase & Co. raised shares of PulteGroup from a “neutral” rating to an “overweight” rating and raised their target price for the company from $30.00 to $37.50 in a research report on Wednesday, September 11th. Seaport Global Securities downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Zacks Investment Research raised shares of PulteGroup from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research report on Wednesday, October 23rd. Wells Fargo & Co raised their target price on shares of PulteGroup from $34.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, October 23rd. Finally, Buckingham Research raised their target price on shares of PulteGroup from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $35.65.

In related news, SVP James L. Ossowski sold 10,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $39.95, for a total value of $399,500.00. Following the completion of the transaction, the senior vice president now directly owns 25,750 shares in the company, valued at approximately $1,028,712.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of PHM. Winslow Evans & Crocker Inc. increased its holdings in PulteGroup by 3.0% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 9,494 shares of the construction company’s stock worth $348,000 after acquiring an additional 278 shares in the last quarter. Strs Ohio increased its holdings in PulteGroup by 1.7% in the 3rd quarter. Strs Ohio now owns 17,485 shares of the construction company’s stock worth $639,000 after acquiring an additional 285 shares in the last quarter. Executive Wealth Management LLC increased its holdings in PulteGroup by 30.2% in the 3rd quarter. Executive Wealth Management LLC now owns 1,302 shares of the construction company’s stock worth $47,000 after acquiring an additional 302 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in PulteGroup by 0.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 82,774 shares of the construction company’s stock worth $3,025,000 after acquiring an additional 317 shares in the last quarter. Finally, One Wealth Advisors LLC increased its holdings in PulteGroup by 5.0% in the 2nd quarter. One Wealth Advisors LLC now owns 6,897 shares of the construction company’s stock worth $218,000 after acquiring an additional 327 shares in the last quarter. Hedge funds and other institutional investors own 87.66% of the company’s stock.

NYSE PHM traded up $0.13 during trading on Thursday, reaching $38.18. 3,617,783 shares of the company’s stock traded hands, compared to its average volume of 3,971,696. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.57 and a quick ratio of 0.57. The firm has a market cap of $10.37 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.35 and a beta of 0.64. The company’s 50 day simple moving average is $37.74 and its two-hundred day simple moving average is $33.75. PulteGroup has a 12-month low of $23.21 and a 12-month high of $41.22.

About PulteGroup

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.

Further Reading: Calculating net profit and net profit margin ratio

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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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