PulteGroup (PHM) to Release Quarterly Earnings on Thursday

PulteGroup (NYSE:PHM) is expected to announce its earnings results before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $3.28 per share and revenue of $4.64 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

PulteGroup Price Performance

NYSE PHM opened at $115.05 on Wednesday. PulteGroup has a 12 month low of $100.24 and a 12 month high of $149.47. The stock has a market cap of $23.59 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.46 and a beta of 1.67. The company’s 50 day moving average is $118.80 and its two-hundred day moving average is $127.59. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.88 annualized dividend and a dividend yield of 0.76%. This is a boost from PulteGroup’s previous quarterly dividend of $0.20. PulteGroup’s dividend payout ratio (DPR) is presently 6.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of PulteGroup from $140.00 to $124.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. Oppenheimer reduced their price target on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Bank of America reduced their price target on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. Evercore ISI reduced their price target on shares of PulteGroup from $198.00 to $195.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Wedbush upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Friday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $142.29.

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.