Analysts expect PulteGroup, Inc. (NYSE:PHM) to post $2.91 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PulteGroup’s earnings, with the highest sales estimate coming in at $2.99 billion and the lowest estimate coming in at $2.87 billion. PulteGroup reported sales of $3.00 billion in the same quarter last year, which would suggest a negative year over year growth rate of 3%. The company is expected to issue its next earnings results on Tuesday, February 4th.
On average, analysts expect that PulteGroup will report full-year sales of $10.04 billion for the current year, with estimates ranging from $9.92 billion to $10.17 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $10.64 billion, with estimates ranging from $10.39 billion to $10.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for PulteGroup.
PulteGroup (NYSE:PHM) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.09. PulteGroup had a return on equity of 20.68% and a net margin of 9.23%. The firm had revenue of $2.71 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the prior year, the business posted $1.01 earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year.
NYSE:PHM traded up $0.40 during trading hours on Friday, reaching $39.83. The company had a trading volume of 4,193,446 shares, compared to its average volume of 3,948,599. The stock has a 50-day moving average of $36.26 and a two-hundred day moving average of $32.95. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $10.47 billion, a PE ratio of 11.09, a PEG ratio of 1.51 and a beta of 0.65. PulteGroup has a one year low of $22.10 and a one year high of $39.86.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.10%. The ex-dividend date was Tuesday, September 17th. PulteGroup’s dividend payout ratio is 12.26%.
A number of institutional investors have recently bought and sold shares of PHM. Ibex Wealth Advisors bought a new position in PulteGroup in the second quarter valued at about $37,000. Pearl River Capital LLC bought a new position in PulteGroup in the second quarter valued at about $38,000. Neo Ivy Capital Management bought a new position in PulteGroup in the second quarter valued at about $39,000. Point72 Asset Management L.P. bought a new position in PulteGroup in the second quarter valued at about $47,000. Finally, Rational Advisors LLC boosted its holdings in PulteGroup by 2,191.7% in the second quarter. Rational Advisors LLC now owns 1,650 shares of the construction company’s stock valued at $52,000 after acquiring an additional 1,578 shares during the last quarter. Institutional investors and hedge funds own 86.46% of the company’s stock.
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, and John Wieland Homes and Neighborhoods brand names.
Read More: Why do companies engage in swaps?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for PulteGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PulteGroup and related companies with MarketBeat.com's FREE daily email newsletter.