PulteGroup (PHM) to Release Quarterly Earnings on Thursday

PulteGroup (NYSE:PHM) is projected to issue its quarterly earnings data before the market opens on Thursday, January 30th. Analysts expect the company to announce earnings of $3.28 per share and revenue of $4.64 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

PulteGroup Stock Performance

PHM opened at $115.05 on Wednesday. PulteGroup has a 12-month low of $100.24 and a 12-month high of $149.47. The firm has a market capitalization of $23.59 billion, a P/E ratio of 8.48, a price-to-earnings-growth ratio of 0.46 and a beta of 1.67. The stock’s 50 day moving average price is $118.80 and its two-hundred day moving average price is $127.59. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.14.

PulteGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a $0.22 dividend. This is an increase from PulteGroup’s previous quarterly dividend of $0.20. The ex-dividend date was Tuesday, December 17th. This represents a $0.88 annualized dividend and a yield of 0.76%. PulteGroup’s payout ratio is presently 6.49%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Evercore ISI decreased their price objective on PulteGroup from $198.00 to $195.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer decreased their price objective on PulteGroup from $168.00 to $165.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Wells Fargo & Company decreased their price objective on PulteGroup from $165.00 to $140.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. BTIG Research lifted their price objective on PulteGroup from $139.00 to $156.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group decreased their target price on PulteGroup from $140.00 to $124.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, PulteGroup currently has an average rating of “Moderate Buy” and a consensus target price of $142.29.

PulteGroup Company Profile

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.