Equities Analysts Offer Predictions for PulteGroup, Inc.’s FY2022 Earnings (NYSE:PHM)

PulteGroup, Inc. (NYSE:PHMGet Rating) – Research analysts at Oppenheimer issued their FY2022 earnings per share (EPS) estimates for shares of PulteGroup in a note issued to investors on Wednesday, January 18th. Oppenheimer analyst T. Batory anticipates that the construction company will post earnings of $10.17 per share for the year. Oppenheimer currently has a “Outperform” rating and a $64.00 price objective on the stock. The consensus estimate for PulteGroup’s current full-year earnings is $10.12 per share. Oppenheimer also issued estimates for PulteGroup’s Q4 2022 earnings at $2.92 EPS, Q1 2023 earnings at $1.73 EPS, Q2 2023 earnings at $1.89 EPS, Q3 2023 earnings at $1.78 EPS, Q4 2023 earnings at $2.19 EPS and FY2023 earnings at $7.59 EPS.

A number of other research analysts also recently issued reports on the company. BTIG Research boosted their price objective on PulteGroup from $50.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, December 6th. Barclays upgraded PulteGroup from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $45.00 to $58.00 in a research note on Wednesday, December 14th. KeyCorp boosted their price objective on PulteGroup from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Monday, November 14th. The Goldman Sachs Group boosted their price target on PulteGroup from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, January 12th. Finally, JPMorgan Chase & Co. boosted their price target on PulteGroup from $43.50 to $65.00 in a report on Tuesday, November 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.85.

PulteGroup Trading Up 1.1 %

Shares of NYSE:PHM opened at $50.71 on Monday. The stock has a 50 day moving average of $46.00 and a 200 day moving average of $42.84. The company has a market cap of $11.55 billion, a PE ratio of 5.14 and a beta of 1.24. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. PulteGroup has a 12-month low of $35.03 and a 12-month high of $54.71.

PulteGroup (NYSE:PHMGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The construction company reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.04). The firm had revenue of $3.94 billion for the quarter, compared to the consensus estimate of $4.04 billion. PulteGroup had a net margin of 15.56% and a return on equity of 30.80%.

Institutional Trading of PulteGroup

Several hedge funds have recently modified their holdings of PHM. Veriti Management LLC increased its position in shares of PulteGroup by 4.0% during the 4th quarter. Veriti Management LLC now owns 6,419 shares of the construction company’s stock valued at $292,000 after purchasing an additional 249 shares during the last quarter. PSI Advisors LLC increased its position in shares of PulteGroup by 18.5% during the 2nd quarter. PSI Advisors LLC now owns 1,600 shares of the construction company’s stock valued at $63,000 after purchasing an additional 250 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of PulteGroup by 17.6% during the 1st quarter. Advisors Asset Management Inc. now owns 1,749 shares of the construction company’s stock valued at $73,000 after purchasing an additional 262 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of PulteGroup by 1.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 15,778 shares of the construction company’s stock valued at $592,000 after purchasing an additional 271 shares during the last quarter. Finally, Fiduciary Planning LLC increased its position in shares of PulteGroup by 1.1% during the 3rd quarter. Fiduciary Planning LLC now owns 25,572 shares of the construction company’s stock valued at $959,000 after purchasing an additional 282 shares during the last quarter. 88.07% of the stock is owned by hedge funds and other institutional investors.

PulteGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 3rd. Stockholders of record on Wednesday, December 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.26%. This is a boost from PulteGroup’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, December 13th. PulteGroup’s dividend payout ratio is 6.49%.

About PulteGroup

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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, American West, and John Wieland Homes and Neighborhoods brand names.

See Also

Earnings History and Estimates for PulteGroup (NYSE:PHM)

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