PulteGroup, Inc. (NYSE:PHM) homebuilding business operator, is reporting second quarter earnings results on Thursday 23rd July 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.87 per share.
For the full year, analysts predict revenues of $ 9740.59 million, while looking forward to income of $ 3.24 per share.
Previous Quarter Performance
PulteGroup, Inc. unveiled income for the first quarter of $ 0.74 per share, from the revenue of $ 2,295.00 million. The quarterly earnings up 25.42 percent while revenues increased 19.09 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.70 per share from $ 2314.12 million in revenue. The bottom line results beat street analysts by $ 0.04 or 5.71 percent, at the same time, top line results fell short of analysts by $ 19.12 million or 0.83 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PHM was $ 39.44, representing a 130.37 % increase from the 52 week low of $ 17.12 and a 16.74 % decrease over the 52 week high of $ 47.37.
The company has a market capital of $ 10.58 billion and is part of the Consumer Cyclical sector and Residential Construction industry.
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Recent Analyst recommendations
On 15th June 2020, maintained by Citigroup at Buy rating, with $ 43.00 target price.
On 11th June 2020, upgraded by JPMorgan Chase & Co. to Overweight from Neutral rating.
On 28th May 2020, initiated by Credit Suisse Group at Neutral rating.
Recent Stock Dividend Announcement
On May 8, 2020, the board of directors authorized quarterly dividend of $ 0.12 per share to holders of record as of the close of business on June 12, 2020, with payment date of July 2, 2020 and ex-dividend date on June 11, 2020.
Conference Call
PulteGroup, Inc. will be hosting a conference call at 8:30 AM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.pultegroupinc.com
PulteGroup, Inc., through its subsidiaries, primarily engages in the homebuilding business in the United States. The company acquires and develops land primarily for residential purposes; and constructs housing on such land. It offers various home designs, including single-family detached, townhouses, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods brand names.
