$1.20 Earnings Per Share Expected for PulteGroup, Inc. (NYSE:PHM) This Quarter


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Analysts expect that PulteGroup, Inc. (NYSE:PHM) will post earnings per share (EPS) of $1.20 for the current quarter, according to Zacks. Five analysts have provided estimates for PulteGroup’s earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.17. PulteGroup reported earnings of $0.74 per share during the same quarter last year, which suggests a positive year over year growth rate of 62.2%. The business is expected to report its next quarterly earnings report before the market opens on Tuesday, April 27th.

According to Zacks, analysts expect that PulteGroup will report full-year earnings of $6.15 per share for the current financial year, with EPS estimates ranging from $5.91 to $6.43. For the next financial year, analysts expect that the company will post earnings of $6.60 per share, with EPS estimates ranging from $6.05 to $7.64. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for PulteGroup.

PulteGroup (NYSE:PHM) last announced its earnings results on Thursday, January 28th. The construction company reported $1.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.09. PulteGroup had a return on equity of 20.62% and a net margin of 12.01%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.14 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year.

Several analysts have recently weighed in on PHM shares. BTIG Research raised shares of PulteGroup from a “neutral” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Friday, January 29th. Barclays raised shares of PulteGroup from an “equal weight” rating to an “overweight” rating and set a $59.00 price target for the company in a research note on Friday, December 18th. Wolfe Research started coverage on shares of PulteGroup in a research note on Monday, March 22nd. They set a “peer perform” rating for the company. Bank of America downgraded shares of PulteGroup from a “neutral” rating to an “underperform” rating in a research note on Tuesday, January 5th. Finally, Raymond James boosted their price objective on shares of PulteGroup from $60.00 to $63.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 25th. One analyst has rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $52.20.

In other PulteGroup news, VP John J. Chadwick sold 8,538 shares of PulteGroup stock in a transaction on Friday, February 19th. The shares were sold at an average price of $46.32, for a total value of $395,480.16. Following the transaction, the vice president now directly owns 78,895 shares of the company’s stock, valued at $3,654,416.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. First Command Bank purchased a new stake in shares of PulteGroup during the fourth quarter valued at $34,000. DB Wealth Management Group LLC purchased a new stake in shares of PulteGroup during the fourth quarter valued at $36,000. Alpha DNA Investment Management LLC purchased a new stake in shares of PulteGroup during the fourth quarter valued at $53,000. Laffer Tengler Investments purchased a new stake in PulteGroup in the fourth quarter valued at $98,000. Finally, Perigon Wealth Management LLC purchased a new stake in PulteGroup in the fourth quarter valued at $114,000. 85.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PulteGroup stock traded down $0.37 on Friday, hitting $53.16. 127,946 shares of the company traded hands, compared to its average volume of 3,113,455. The stock’s 50 day moving average price is $48.49 and its 200-day moving average price is $45.64. The company has a current ratio of 1.30, a quick ratio of 1.31 and a debt-to-equity ratio of 0.45. PulteGroup has a 52 week low of $23.14 and a 52 week high of $54.22. The company has a market cap of $14.06 billion, a PE ratio of 11.05, a PEG ratio of 0.60 and a beta of 1.40.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.05%. The ex-dividend date was Thursday, March 11th. PulteGroup’s dividend payout ratio is currently 16.05%.

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, American West, and John Wieland Homes and Neighborhoods brand names.

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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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