Zacks: Brokerages Expect PulteGroup, Inc. (PHM) Will Post Earnings of $0.44 Per Share
Analysts predict that PulteGroup, Inc. (NYSE:PHM) will announce earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Six analysts have made estimates for PulteGroup’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.48. PulteGroup posted earnings per share of $0.31 during the same quarter last year, which indicates a positive year-over-year growth rate of 41.9%. The company is scheduled to report its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that PulteGroup will report full-year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $2.86 to $3.50. For the next fiscal year, analysts expect that the company will report earnings of $3.52 per share, with EPS estimates ranging from $3.30 to $3.77. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover PulteGroup.
PulteGroup (NYSE:PHM) last posted its earnings results on Tuesday, January 30th. The construction company reported $0.85 EPS for the quarter, meeting analysts’ consensus estimates of $0.85. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. PulteGroup had a return on equity of 15.52% and a net margin of 5.22%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS.
In other PulteGroup news, Director Patrick J. Oleary sold 8,677 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $30.03, for a total value of $260,570.31. Following the sale, the director now owns 90,687 shares in the company, valued at $2,723,330.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Robert Oshaughnessy sold 92,800 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The disclosure for this sale can be found here. Company insiders own 0.71% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Focused Wealth Management Inc purchased a new stake in PulteGroup in the fourth quarter worth $113,000. SeaCrest Wealth Management LLC purchased a new stake in PulteGroup in the fourth quarter worth $119,000. National Pension Service purchased a new stake in PulteGroup in the fourth quarter worth $138,000. Invictus RG increased its stake in PulteGroup by 1,473.4% in the third quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after purchasing an additional 3,993 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new stake in PulteGroup in the third quarter worth $150,000. Institutional investors and hedge funds own 83.80% of the company’s stock.
PulteGroup (NYSE:PHM) traded up $0.23 during midday trading on Friday, hitting $28.95. The stock had a trading volume of 5,268,749 shares, compared to its average volume of 5,372,988. The company has a market cap of $8,227.27, a P/E ratio of 20.10, a P/E/G ratio of 0.45 and a beta of 1.12. PulteGroup has a 52-week low of $21.41 and a 52-week high of $35.21.
PulteGroup announced that its board has authorized a share repurchase program on Tuesday, January 30th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the construction company to buy shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Friday, March 16th will be paid a $0.09 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.36 dividend on an annualized basis and a yield of 1.24%. PulteGroup’s payout ratio is 25.00%.
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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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