Wall Street analysts expect that PulteGroup, Inc. (NYSE:PHM) will post $1.85 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for PulteGroup’s earnings, with the highest EPS estimate coming in at $1.96 and the lowest estimate coming in at $1.72. PulteGroup reported earnings of $1.34 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 38.1%. The business is expected to report its next earnings report on Thursday, October 28th.
According to Zacks, analysts expect that PulteGroup will report full-year earnings of $7.37 per share for the current year, with EPS estimates ranging from $7.00 to $7.70. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.71 per share, with EPS estimates ranging from $8.39 to $9.53. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover PulteGroup.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, July 27th. The construction company reported $1.72 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.72. PulteGroup had a return on equity of 23.69% and a net margin of 13.58%. The firm had revenue of $3.36 billion for the quarter, compared to analysts’ expectations of $3.50 billion. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s revenue was up 29.5% on a year-over-year basis.
PHM stock opened at $47.10 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $52.32 and its 200 day moving average is $53.72. The stock has a market cap of $12.22 billion, a price-to-earnings ratio of 7.61 and a beta of 1.43. PulteGroup has a 1-year low of $39.92 and a 1-year high of $63.90.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 5th. Stockholders of record on Monday, September 20th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 11.89%.
Several large investors have recently added to or reduced their stakes in PHM. Marshall Wace LLP purchased a new stake in shares of PulteGroup during the first quarter valued at approximately $111,000. Victory Capital Management Inc. lifted its stake in PulteGroup by 31.6% in the first quarter. Victory Capital Management Inc. now owns 583,411 shares of the construction company’s stock worth $30,594,000 after acquiring an additional 140,133 shares during the period. Commonwealth Equity Services LLC lifted its stake in PulteGroup by 5.9% in the first quarter. Commonwealth Equity Services LLC now owns 35,696 shares of the construction company’s stock worth $1,871,000 after acquiring an additional 1,982 shares during the period. Envestnet Asset Management Inc. lifted its stake in PulteGroup by 2.3% in the first quarter. Envestnet Asset Management Inc. now owns 362,842 shares of the construction company’s stock worth $19,027,000 after acquiring an additional 8,275 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in PulteGroup by 5.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 84,851 shares of the construction company’s stock worth $4,450,000 after acquiring an additional 4,211 shares during the period. 86.57% of the stock is owned by hedge funds and other institutional investors.
PulteGroup, Inc engages in the homebuilding business. The firm also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.
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