Zacks: Analysts Anticipate PulteGroup, Inc. (NYSE:PHM) Will Announce Earnings of $1.20 Per Share

Equities analysts forecast that PulteGroup, Inc. (NYSE:PHM) will report earnings per share of $1.20 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for PulteGroup’s earnings, with estimates ranging from $1.17 to $1.23. PulteGroup reported earnings per share of $0.74 during the same quarter last year, which suggests a positive year-over-year growth rate of 62.2%. The business is expected to issue its next quarterly earnings results before the market opens on Tuesday, April 27th.

On average, 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 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 calculations are a mean average based on a survey of sell-side research firms that that provide coverage for PulteGroup.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Thursday, January 28th. The construction company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.09. PulteGroup had a net margin of 12.01% and a return on equity of 20.62%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the previous year, the firm earned $1.14 earnings per share. PulteGroup’s revenue for the quarter was up 5.8% on a year-over-year basis.

Several research analysts have recently weighed in on PHM shares. Barclays upgraded shares of PulteGroup from an “equal weight” rating to an “overweight” rating and set a $59.00 target price for the company in a research note on Friday, December 18th. Janney Montgomery Scott started coverage on shares of PulteGroup in a research note on Thursday, January 21st. They issued a “buy” rating and a $61.00 target price 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. BTIG Research upgraded shares of PulteGroup from a “neutral” rating to a “buy” rating and set a $56.00 target price for the company in a research note on Friday, January 29th. Finally, Raymond James upped their target price on shares of PulteGroup from $60.00 to $63.00 and gave the company a “strong-buy” rating in a research note on Monday, January 25th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.20.

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

Large investors have recently modified their holdings of the business. First Command Bank acquired a new stake in shares of PulteGroup during the fourth quarter worth $34,000. DB Wealth Management Group LLC acquired a new stake in shares of PulteGroup in the 4th quarter worth about $36,000. Alpha DNA Investment Management LLC acquired a new stake in shares of PulteGroup in the 4th quarter worth about $53,000. Laffer Tengler Investments acquired a new stake in shares of PulteGroup in the 4th quarter worth about $98,000. Finally, Marshall Wace LLP acquired a new stake in shares of PulteGroup in the 1st quarter worth about $111,000. 85.16% of the stock is currently owned by institutional investors.

PHM traded down $0.37 during trading on Friday, hitting $53.16. 127,946 shares of the company’s stock were exchanged, compared to its average volume of 3,113,455. 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 1 year low of $23.14 and a 1 year high of $54.22. The stock has a 50 day moving average price of $48.49 and a 200 day moving average price of $45.64. The firm has a market cap of $14.06 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 0.60 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Friday, March 12th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, March 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.05%. PulteGroup’s dividend payout ratio (DPR) is 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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