PulteGroup, Inc. (NYSE:PHM) – Analysts at KeyCorp raised their Q2 2017 earnings per share (EPS) estimates for shares of PulteGroup in a note issued to investors on Wednesday, according to Zacks Investment Research. KeyCorp analyst K. Zener now expects that the construction company will post earnings of $0.44 per share for the quarter, up from their prior estimate of $0.43. KeyCorp also issued estimates for PulteGroup’s Q3 2017 earnings at $0.63 EPS, Q4 2017 earnings at $0.80 EPS and FY2017 earnings at $2.16 EPS.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, April 25th. The construction company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.02. The company had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.77 billion. PulteGroup had a return on equity of 12.29% and a net margin of 7.86%. PulteGroup’s revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. TRADEMARK VIOLATION NOTICE: “PulteGroup, Inc. (PHM) Forecasted to Earn Q2 2017 Earnings of $0.44 Per Share” was posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.chaffeybreeze.com/2017/05/19/pultegroup-inc-forecasted-to-post-q2-2017-earnings-of-0-44-per-share-phm-updated-updated.html.
Several other research analysts have also recently issued reports on PHM. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 price target (up previously from $22.00) on shares of PulteGroup in a report on Friday, January 27th. Bank of America Corp raised PulteGroup from an “underperform” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Friday, January 27th. Zacks Investment Research raised PulteGroup from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, January 30th. BTIG Research initiated coverage on PulteGroup in a report on Tuesday, February 7th. They issued a “neutral” rating on the stock. Finally, FBR & Co raised shares of PulteGroup from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $23.00 to $26.00 in a research note on Tuesday, February 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $23.30.
PulteGroup (NYSE:PHM) traded up 1.67% during trading on Friday, reaching $23.13. The company’s stock had a trading volume of 3,835,608 shares. The firm has a 50-day moving average price of $23.08 and a 200-day moving average price of $21.04. PulteGroup has a 52 week low of $17.69 and a 52 week high of $24.43. The firm has a market capitalization of $7.30 billion, a P/E ratio of 12.77 and a beta of 1.24.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, June 8th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Tuesday, June 6th. PulteGroup’s dividend payout ratio (DPR) is presently 20.22%.
In related news, insider James R. Ellinghausen sold 33,814 shares of the company’s stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $21.82, for a total value of $737,821.48. Following the completion of the sale, the insider now directly owns 411,524 shares in the company, valued at $8,979,453.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard J. Dugas, Jr. sold 162,000 shares of the company’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $24.08, for a total transaction of $3,900,960.00. Following the completion of the sale, the director now owns 1,211,927 shares of the company’s stock, valued at $29,183,202.16. The disclosure for this sale can be found here. Insiders sold 213,814 shares of company stock worth $5,067,531 over the last ninety days. 1.83% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of PHM. Driehaus Capital Management LLC acquired a new stake in shares of PulteGroup during the first quarter worth about $897,000. Caxton Associates LP acquired a new stake in shares of PulteGroup during the first quarter worth about $2,183,000. Tudor Investment Corp ET AL boosted its stake in shares of PulteGroup by 35.9% in the first quarter. Tudor Investment Corp ET AL now owns 51,137 shares of the construction company’s stock worth $1,204,000 after buying an additional 13,518 shares in the last quarter. Paloma Partners Management Co boosted its stake in shares of PulteGroup by 212.0% in the first quarter. Paloma Partners Management Co now owns 57,373 shares of the construction company’s stock worth $1,351,000 after buying an additional 38,983 shares in the last quarter. Finally, Columbia Pacific Advisors LLC acquired a new stake in shares of PulteGroup during the first quarter worth about $380,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
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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