Analysts predict that PulteGroup, Inc. (NYSE:PHM) will announce $2.73 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for PulteGroup’s earnings. The highest sales estimate is $2.77 billion and the lowest is $2.69 billion. PulteGroup posted sales of $2.71 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, October 22nd.

According to Zacks, analysts expect that PulteGroup will report full-year sales of $10.53 billion for the current fiscal year, with estimates ranging from $10.46 billion to $10.59 billion. For the next fiscal year, analysts forecast that the firm will post sales of $11.82 billion, with estimates ranging from $11.14 billion to $13.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow PulteGroup.

PulteGroup (NYSE:PHM) last released its quarterly earnings results on Thursday, July 23rd. The construction company reported $1.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.31. PulteGroup had a return on equity of 20.10% and a net margin of 10.94%. The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.53 billion. During the same quarter in the prior year, the firm posted $0.86 EPS. PulteGroup’s quarterly revenue was up 3.8% compared to the same quarter last year.

Several equities analysts have commented on the company. Royal Bank of Canada reaffirmed a “hold” rating on shares of PulteGroup in a research report on Thursday, July 30th. ValuEngine raised PulteGroup from a “strong sell” rating to a “sell” rating in a research report on Monday, August 3rd. Raymond James raised PulteGroup from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research report on Friday, July 24th. Credit Suisse Group upped their price objective on PulteGroup from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, 140166 downgraded PulteGroup from a “positive” rating to a “neutral” rating and upped their price objective for the company from $34.00 to $37.00 in a research report on Tuesday, July 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.40.

NYSE:PHM opened at $47.75 on Friday. The stock’s fifty day moving average is $45.84 and its 200 day moving average is $37.01. The firm has a market capitalization of $12.81 billion, a PE ratio of 11.26, a PEG ratio of 1.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.13 and a current ratio of 1.13. PulteGroup has a fifty-two week low of $17.12 and a fifty-two week high of $49.70.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Monday, September 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 18th. PulteGroup’s dividend payout ratio (DPR) is currently 13.75%.

In other PulteGroup news, CFO Robert Oshaughnessy sold 54,774 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $44.08, for a total value of $2,414,437.92. Following the completion of the sale, the chief financial officer now directly owns 244,743 shares in the company, valued at $10,788,271.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. River Wealth Advisors LLC raised its stake in shares of PulteGroup by 0.5% in the second quarter. River Wealth Advisors LLC now owns 64,117 shares of the construction company’s stock worth $2,182,000 after purchasing an additional 300 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in PulteGroup by 24.1% during the third quarter. Flagship Harbor Advisors LLC now owns 1,653 shares of the construction company’s stock worth $76,000 after acquiring an additional 321 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in PulteGroup by 77.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 886 shares of the construction company’s stock worth $30,000 after acquiring an additional 388 shares during the period. CSat Investment Advisory L.P. grew its holdings in PulteGroup by 26.2% during the second quarter. CSat Investment Advisory L.P. now owns 1,986 shares of the construction company’s stock worth $67,000 after acquiring an additional 412 shares during the period. Finally, Fifth Third Bancorp grew its holdings in PulteGroup by 18.7% during the second quarter. Fifth Third Bancorp now owns 2,906 shares of the construction company’s stock worth $99,000 after acquiring an additional 458 shares during the period. Institutional investors own 85.59% of the company’s stock.

PulteGroup Company Profile

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.

See Also: How does the Beige Book influence monetary policy?

Get a free copy of the Zacks research report on PulteGroup (PHM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for PulteGroup (NYSE:PHM)

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.