Wall Street analysts expect PulteGroup, Inc. (NYSE:PHM) to post sales of $4.25 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for PulteGroup’s earnings, with the lowest sales estimate coming in at $3.69 billion and the highest estimate coming in at $4.66 billion. PulteGroup reported sales of $3.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.2%. The firm is scheduled to issue its next earnings report on Thursday, January 27th.
According to Zacks, analysts expect that PulteGroup will report full-year sales of $13.81 billion for the current year, with estimates ranging from $13.26 billion to $14.19 billion. For the next year, analysts forecast that the business will post sales of $16.10 billion, with estimates ranging from $15.51 billion to $16.98 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover PulteGroup.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 26th. The construction company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.03. PulteGroup had a net margin of 13.49% and a return on equity of 24.55%. The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $1.34 earnings per share. PulteGroup’s quarterly revenue was up 17.7% on a year-over-year basis.
PHM traded down $0.25 during trading hours on Thursday, hitting $52.65. The company’s stock had a trading volume of 1,468,973 shares, compared to its average volume of 2,700,805. The business’s 50-day moving average price is $49.15 and its 200-day moving average price is $52.39. PulteGroup has a 12 month low of $39.92 and a 12 month high of $63.90. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 8.14, a P/E/G ratio of 0.30 and a beta of 1.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.29.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 5th. Investors of record on Monday, September 20th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, September 17th. PulteGroup’s dividend payout ratio (DPR) is presently 8.66%.
A number of large investors have recently added to or reduced their stakes in PHM. Marshall Wace LLP purchased a new stake in PulteGroup in the first quarter worth about $111,000. PDT Partners LLC purchased a new stake in PulteGroup in the first quarter worth about $351,000. Holocene Advisors LP lifted its stake in PulteGroup by 3.7% in the first quarter. Holocene Advisors LP now owns 79,045 shares of the construction company’s stock worth $4,145,000 after acquiring an additional 2,797 shares during the period. IHT Wealth Management LLC purchased a new stake in PulteGroup in the first quarter worth about $224,000. Finally, Tudor Investment Corp Et Al purchased a new stake in PulteGroup in the first quarter worth about $642,000. 85.74% of the stock is owned by institutional investors.
PulteGroup, Inc engages in the homebuilding business. The firm also involved in the mortgage banking, and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment comprises of operations from the Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington.
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