PulteGroup (NYSE:PHM – Get Free Report) announced its quarterly earnings data on Tuesday. The construction company reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.27 by $0.56, Briefing.com reports. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.49 billion. PulteGroup had a net margin of 16.75% and a return on equity of 26.19%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.00 EPS.
PulteGroup Trading Up 2.5 %
PulteGroup stock traded up $3.07 during mid-day trading on Thursday, reaching $125.63. 1,378,532 shares of the company traded hands, compared to its average volume of 1,834,850. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50 day moving average price is $113.97 and its 200 day moving average price is $111.22. The firm has a market capitalization of $26.43 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.54 and a beta of 1.61. PulteGroup has a 52-week low of $68.80 and a 52-week high of $129.85.
PulteGroup Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 18th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Tuesday, June 18th. PulteGroup’s payout ratio is currently 6.41%.
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About PulteGroup
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.
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