$4.06 billion in sales expected for PulteGroup, Inc. (NYSE:PHM) this quarter

Wall Street analysts expect PulteGroup, Inc. (NYSE:PHM – Get Rating) to report $4.06 billion in sales for the current fiscal quarter, according to Zacks. Four analysts provided PulteGroup earnings estimates, with the highest sales estimate at $4.15 billion and the lowest estimate at $4.00 billion. PulteGroup recorded sales of $3.36 billion in the same quarter last year, indicating a positive growth rate of 20.8% year-over-year. The company is expected to release its next quarterly results on Monday, January 1.

On average, analysts expect PulteGroup to report revenue of $16.75 billion for the current fiscal year, with estimates ranging from $16.74 billion to $16.76 billion. For the next fiscal year, analysts expect the company to post sales of $18.25 billion, with estimates ranging from $17.69 billion to $18.58 billion. Zacks sales averages are an average average based on a survey of analysts who provide coverage for PulteGroup.

PulteGroup (NYSE:PHM – Get Rating) last released its results on Thursday, April 28. The construction company reported EPS of $1.83 for the quarter, beating the consensus estimate of $1.73 by $0.10. The company posted revenue of $3.19 billion in the quarter, versus $3.09 billion expected by analysts. PulteGroup had a net margin of 14.58% and a return on equity of 27.91%. PulteGroup’s quarterly revenue increased 16.8% year over year. In the same quarter of the previous year, the company achieved EPS of $1.28.

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Several brokerages have recently released reports on PHM. Goldman Sachs Group cut its price target on PulteGroup from $63.00 to $48.00 and set a “neutral” rating for the company in a Tuesday, April 12 report. Royal Bank of Canada lowered its price target on PulteGroup from $63.00 to $56.00 in a Friday, April 29 research note. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating and set a target price of $45.00 for the company. in a research note from Tuesday, April 5. Bank of America upgraded PulteGroup from an “underperform” rating to a “buy” rating and set a target price of $58.00 for the company in a Monday, February 28 research note. Finally, Barclays downgraded PulteGroup from an “overweight” rating to an “equal weight” rating and reduced its price target for the company from $72.00 to $49.00 in a Thursday, March 31 report. Five research analysts gave the stock a hold rating, seven gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat, the stock currently has a consensus buy rating and an average price target of $55.42.

NYSE:PHM shares opened at $43.99 on Friday. The company has a debt ratio of 0.27, a quick ratio of 0.68 and a current ratio of 0.68. The stock has a market capitalization of $10.45 billion, a price/earnings ratio of 5.39, a PEG ratio of 0.70 and a beta of 1.32. PulteGroup has a 1-year low of $39.61 and a 1-year high of $58.09. The company has a 50-day moving average price of $43.01 and a 200-day moving average price of $48.23.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 5. Shareholders of record on Friday, June 10 will receive a dividend of $0.15. This represents an annualized dividend of $0.60 and a dividend yield of 1.36%. The ex-dividend date is Thursday, June 9. PulteGroup’s payout ratio is currently 7.35%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PHM. Mirae Asset Global Investments Co. Ltd. increased its stake in PulteGroup shares by 22.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,826 shares of the construction company worth $1,082,000 after acquiring an additional 4,756 shares during the period. Walleye Capital LLC bought a new position in PulteGroup in Q1 worth approximately $6,111,000. Midwest Wealth Management Inc. bought a new position in PulteGroup in Q1 worth approximately $261,000. Neuberger Berman Group LLC increased its stake in PulteGroup by 17.3% in the 1st quarter. Neuberger Berman Group LLC now owns 26,193 shares of the construction company valued at $1,099,000 after buying 3,866 additional shares in the last quarter. Finally, Toroso Investments LLC increased its stake in PulteGroup by 12.7% in the 1st quarter. Toroso Investments LLC now owns 38,170 shares of the construction company valued at $1,599,000 after buying 4,298 additional shares in the last quarter. 90.32% of the shares are held by hedge funds and other institutional investors.

PulteGroup Company Profile (Get an assessment)

PulteGroup, Inc, through its subsidiaries, is primarily engaged in the residential construction business in the United States. It acquires and develops land primarily for residential purposes; and build housing on that land. The company also offers various home designs, including single-detached homes, townhouses, condominiums and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, American West and John Wieland Homes and Neighborhoods brands.

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Earnings history and estimates for PulteGroup (NYSE:PHM)

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