PulteGroup (PHM) Scheduled to Post Quarterly Earnings on Tuesday

PulteGroup (NYSE:PHM) is scheduled to post its quarterly earnings results before the market opens on Tuesday, July 23rd. Analysts expect PulteGroup to post earnings of $3.20 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, April 23rd. The construction company reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.51. PulteGroup had a net margin of 16.63% and a return on equity of 25.81%. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.59 billion. On average, analysts expect PulteGroup to post $13 EPS for the current fiscal year and $13 EPS for the next fiscal year.

PulteGroup Trading Down 0.0 %

Shares of PHM stock opened at $124.76 on Monday. PulteGroup has a 12-month low of $68.80 and a 12-month high of $129.85. The company has a market capitalization of $26.24 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.56 and a beta of 1.61. The firm has a 50-day moving average price of $113.58 and a 200 day moving average price of $110.79. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.18.

PulteGroup Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.64%. The ex-dividend date was Tuesday, June 18th. PulteGroup’s dividend payout ratio is currently 6.41%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PHM shares. Evercore ISI lifted their price target on shares of PulteGroup from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Citigroup dropped their target price on shares of PulteGroup from $129.00 to $117.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Zelman & Associates raised shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 24th. StockNews.com raised shares of PulteGroup from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th. Finally, Barclays dropped their target price on shares of PulteGroup from $136.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.