PulteGroup (PHM) to Release Earnings on Tuesday

PulteGroup (NYSE:PHM - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $2.48 per share and revenue of $3.86 billion for the quarter. Investors interested in registering for the company's conference call can do so using this link.

PulteGroup (NYSE:PHM - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.22. PulteGroup had a net margin of 17.18% and a return on equity of 24.43%. On average, analysts expect PulteGroup to post $12 EPS for the current fiscal year and $14 EPS for the next fiscal year.

PulteGroup Trading Up 2.2 %

NYSE:PHM traded up $2.01 on Friday, reaching $94.87. The company's stock had a trading volume of 2,870,580 shares, compared to its average volume of 1,995,210. The firm has a market cap of $19.21 billion, a PE ratio of 6.45, a PEG ratio of 0.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.86 and a current ratio of 0.86. The business's 50-day moving average price is $102.04 and its two-hundred day moving average price is $116.21. PulteGroup has a 1-year low of $88.07 and a 1-year high of $149.47.

PulteGroup Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Tuesday, March 18th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.88 dividend on an annualized basis and a yield of 0.93%. PulteGroup's payout ratio is 5.98%.

PulteGroup announced that its Board of Directors has approved a stock repurchase program on Thursday, January 30th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the construction company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insider Activity at PulteGroup

In other PulteGroup news, Director Brian P. Anderson sold 2,500 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $106.45, for a total value of $266,125.00. Following the transaction, the director now directly owns 56,617 shares of the company's stock, valued at $6,026,879.65. This represents a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Todd N. Sheldon sold 15,191 shares of the business's stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $106.50, for a total value of $1,617,841.50. Following the sale, the executive vice president now owns 74,758 shares of the company's stock, valued at approximately $7,961,727. This represents a 16.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,191 shares of company stock worth $2,256,367. Insiders own 0.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on PHM. Oppenheimer dropped their price objective on shares of PulteGroup from $165.00 to $150.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Wells Fargo & Company dropped their price target on PulteGroup from $140.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. UBS Group upped their price objective on PulteGroup from $148.00 to $151.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. The Goldman Sachs Group dropped their target price on PulteGroup from $140.00 to $124.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays cut their target price on PulteGroup from $117.00 to $100.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and a consensus price target of $138.21.

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.