Analysts expect PulteGroup, Inc. (NYSE:PHM) to report $0.95 earnings per share for the current quarter, Zacks reports. Six analysts have provided estimates for PulteGroup’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.85. PulteGroup reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year over year growth rate of 58.3%. The business is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, October 23rd.

On average, analysts expect that PulteGroup will report full year earnings of $3.53 per share for the current financial year, with EPS estimates ranging from $3.46 to $3.67. For the next financial year, analysts forecast that the company will report earnings of $3.88 per share, with EPS estimates ranging from $3.72 to $4.05. Zacks’ EPS calculations are an average based on a survey of research firms that follow PulteGroup.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Thursday, July 26th. The construction company reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.15. The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.38 billion. PulteGroup had a return on equity of 19.95% and a net margin of 7.92%. PulteGroup’s revenue was up 27.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS.

Several research analysts have weighed in on PHM shares. Citigroup upgraded PulteGroup from a “sell” rating to a “neutral” rating in a report on Tuesday, June 19th. Wedbush reiterated a “neutral” rating on shares of PulteGroup in a report on Monday, July 16th. BTIG Research downgraded PulteGroup from a “neutral” rating to a “sell” rating in a report on Friday, July 27th. They noted that the move was a valuation call. Susquehanna Bancshares set a $32.00 price target on PulteGroup and gave the company a “hold” rating in a report on Friday, July 27th. Finally, Zacks Investment Research upgraded PulteGroup from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a report on Monday, July 30th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.50.

In other news, Director Brian P. Anderson sold 5,000 shares of the company’s stock in a transaction on Monday, August 27th. The stock was sold at an average price of $28.96, for a total transaction of $144,800.00. Following the completion of the sale, the director now directly owns 101,235 shares in the company, valued at approximately $2,931,765.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.86% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in PulteGroup by 2,993.9% in the 1st quarter. Millennium Management LLC now owns 6,059,291 shares of the construction company’s stock valued at $178,688,000 after purchasing an additional 5,863,443 shares in the last quarter. LSV Asset Management increased its holdings in PulteGroup by 39.6% in the 2nd quarter. LSV Asset Management now owns 3,663,327 shares of the construction company’s stock valued at $105,320,000 after purchasing an additional 1,039,931 shares in the last quarter. Morgan Stanley increased its holdings in PulteGroup by 35.9% in the 2nd quarter. Morgan Stanley now owns 3,812,643 shares of the construction company’s stock valued at $109,614,000 after purchasing an additional 1,007,452 shares in the last quarter. American Century Companies Inc. increased its holdings in PulteGroup by 26.1% in the 2nd quarter. American Century Companies Inc. now owns 3,960,945 shares of the construction company’s stock valued at $113,877,000 after purchasing an additional 818,727 shares in the last quarter. Finally, Investec Asset Management LTD acquired a new stake in PulteGroup in the 2nd quarter valued at $20,944,000. Institutional investors and hedge funds own 86.56% of the company’s stock.

Shares of PHM opened at $22.89 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.45, a price-to-earnings-growth ratio of 0.36 and a beta of 1.04. PulteGroup has a fifty-two week low of $22.67 and a fifty-two week high of $35.21.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Tuesday, September 18th were issued a dividend of $0.09 per share. The ex-dividend date was Monday, September 17th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.57%. PulteGroup’s payout ratio is 16.44%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. The company is involved in the acquisition and development of land primarily for residential purposes; and the construction of 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 names.

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