Equities analysts predict that PulteGroup, Inc. (NYSE:PHM) will report sales of $2.90 billion for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for PulteGroup’s earnings, with the lowest sales estimate coming in at $2.86 billion and the highest estimate coming in at $2.93 billion. PulteGroup reported sales of $2.79 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The firm is expected to announce its next quarterly earnings results on Tuesday, January 29th.

According to Zacks, analysts expect that PulteGroup will report full year sales of $10.09 billion for the current fiscal year, with estimates ranging from $10.05 billion to $10.12 billion. For the next financial year, analysts anticipate that the firm will report sales of $10.33 billion, with estimates ranging from $10.01 billion to $10.62 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow PulteGroup.

PulteGroup (NYSE:PHM) last released its quarterly earnings data on Tuesday, October 23rd. The construction company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.06. PulteGroup had a return on equity of 21.98% and a net margin of 8.63%. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business posted $0.60 EPS. PulteGroup’s quarterly revenue was up 24.3% on a year-over-year basis.

Several research firms recently weighed in on PHM. Citigroup dropped their price objective on PulteGroup from $32.00 to $26.00 and set a “hold” rating for the company in a research note on Wednesday, October 10th. Mizuho set a $28.00 price objective on PulteGroup and gave the company a “hold” rating in a research note on Wednesday, October 24th. Barclays dropped their price objective on PulteGroup from $30.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, October 24th. Bank of America downgraded PulteGroup from a “buy” rating to a “neutral” rating and set a $28.00 price objective for the company. in a research note on Thursday, October 18th. Finally, Zacks Investment Research downgraded PulteGroup from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. PulteGroup presently has a consensus rating of “Hold” and a consensus target price of $31.00.

NYSE PHM traded down $0.42 during mid-day trading on Friday, hitting $26.23. The stock had a trading volume of 4,830,542 shares, compared to its average volume of 6,090,366. PulteGroup has a 52-week low of $20.64 and a 52-week high of $35.21. The company has a market capitalization of $7.48 billion, a P/E ratio of 11.98, a PEG ratio of 0.44 and a beta of 0.91. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.56 and a quick ratio of 0.56.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 18th will be given a dividend of $0.11 per share. This is an increase from PulteGroup’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 17th. This represents a $0.44 annualized dividend and a yield of 1.68%. PulteGroup’s dividend payout ratio (DPR) is presently 16.44%.

Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank increased its position in PulteGroup by 5.7% during the second quarter. Swiss National Bank now owns 896,900 shares of the construction company’s stock worth $25,786,000 after buying an additional 48,100 shares in the last quarter. Argyle Capital Management Inc. increased its position in PulteGroup by 11.2% during the third quarter. Argyle Capital Management Inc. now owns 93,950 shares of the construction company’s stock worth $2,327,000 after buying an additional 9,500 shares in the last quarter. Tredje AP fonden increased its position in PulteGroup by 4.7% during the second quarter. Tredje AP fonden now owns 71,557 shares of the construction company’s stock worth $2,064,000 after buying an additional 3,197 shares in the last quarter. Salem Investment Counselors Inc. increased its position in PulteGroup by 1,428.6% during the second quarter. Salem Investment Counselors Inc. now owns 10,700 shares of the construction company’s stock worth $316,000 after buying an additional 10,000 shares in the last quarter. Finally, CIBC World Markets Inc. increased its position in PulteGroup by 28.1% during the second quarter. CIBC World Markets Inc. now owns 104,983 shares of the construction company’s stock worth $3,018,000 after buying an additional 23,045 shares in the last quarter. 87.67% of the stock is owned by institutional investors.

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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