PulteGroup (PHM) Projected to Post Quarterly Earnings on Thursday

PulteGroup (NYSE:PHM) is anticipated 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 $4,644,543.95 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

PulteGroup Price Performance

Shares of NYSE PHM opened at $117.99 on Tuesday. The firm has a market capitalization of $24.20 billion, a P/E ratio of 8.70, a PEG ratio of 0.46 and a beta of 1.67. PulteGroup has a one year low of $100.24 and a one year high of $149.47. The company’s fifty day moving average is $119.02 and its two-hundred day moving average is $127.56. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.73 and a current ratio of 0.73.

PulteGroup Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Tuesday, December 17th were given a dividend of $0.22 per share. This is a positive change from PulteGroup’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Tuesday, December 17th. PulteGroup’s payout ratio is presently 6.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of PulteGroup from $165.00 to $140.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. StockNews.com lowered shares of PulteGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price objective on shares of PulteGroup from $162.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, December 13th. Oppenheimer decreased their price objective on shares of PulteGroup from $168.00 to $165.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Bank of America decreased their price objective on shares of PulteGroup from $135.00 to $134.00 and set a “buy” rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $142.29.

About PulteGroup

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.