Analysts Anticipate PulteGroup, Inc. (PHM) to Post $0.44 EPS

Wall Street brokerages forecast that PulteGroup, Inc. (NYSE:PHM) will post $0.44 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for PulteGroup’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.39. PulteGroup posted earnings of $0.31 per share in the same quarter last year, which would indicate a positive year over year growth rate of 41.9%. The company is scheduled to announce its next earnings report on Tuesday, April 24th.

On average, analysts expect that PulteGroup will report full-year earnings of $3.11 per share for the current year, with EPS estimates ranging from $2.86 to $3.50. For the next year, analysts anticipate that the firm will report earnings of $3.52 per share, with EPS estimates ranging from $3.30 to $3.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for PulteGroup.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, January 30th. The construction company reported $0.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The firm had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period last year, the business earned $0.67 earnings per share. PulteGroup’s revenue was up 12.1% compared to the same quarter last year.

Several equities research analysts recently issued reports on PHM shares. Royal Bank of Canada set a $39.00 price objective on shares of PulteGroup and gave the stock a “buy” rating in a research report on Wednesday, February 14th. Credit Suisse Group raised shares of PulteGroup to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, January 31st. Mizuho raised shares of PulteGroup from a “neutral” rating to a “buy” rating in a research note on Thursday, January 18th. UBS increased their target price on shares of PulteGroup from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of PulteGroup from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.92.

In other news, Director Patrick J. Oleary sold 8,677 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $30.03, for a total value of $260,570.31. Following the completion of the transaction, the director now owns 90,687 shares of the company’s stock, valued at $2,723,330.61. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.71% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of PHM. Glenmede Trust Co. NA boosted its stake in shares of PulteGroup by 7,557.2% in the fourth quarter. Glenmede Trust Co. NA now owns 1,429,833 shares of the construction company’s stock valued at $47,541,000 after purchasing an additional 1,411,160 shares during the period. Element Capital Management LLC purchased a new position in shares of PulteGroup in the fourth quarter valued at approximately $44,346,000. Janus Henderson Group PLC boosted its stake in shares of PulteGroup by 747.1% in the third quarter. Janus Henderson Group PLC now owns 1,323,075 shares of the construction company’s stock valued at $36,159,000 after purchasing an additional 1,166,885 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of PulteGroup by 2,015.5% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 1,046,201 shares of the construction company’s stock valued at $28,591,000 after purchasing an additional 996,747 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in shares of PulteGroup in the fourth quarter valued at approximately $32,668,000. 85.34% of the stock is owned by institutional investors and hedge funds.

PulteGroup (NYSE:PHM) traded down $0.07 during trading on Tuesday, reaching $29.03. 1,578,651 shares of the company traded hands, compared to its average volume of 5,043,607. PulteGroup has a 52-week low of $21.41 and a 52-week high of $35.21. The firm has a market capitalization of $8,416.34, a PE ratio of 20.17, a P/E/G ratio of 0.46 and a beta of 1.12.

PulteGroup declared that its board has approved a stock buyback plan on Tuesday, January 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Friday, March 16th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, March 15th. PulteGroup’s payout ratio is 25.00%.

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PulteGroup Company Profile

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

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Earnings History and Estimates for PulteGroup (NYSE:PHM)

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