PulteGroup (NYSE:PHM – Get Free Report) issued its earnings results on Tuesday. The construction company reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.27 by $0.56, Briefing.com reports. PulteGroup had a net margin of 16.75% and a return on equity of 26.19%. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the prior year, the business earned $3.00 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis.
PulteGroup Stock Up 2.0 %
PHM stock traded up $2.44 during midday trading on Thursday, hitting $125.00. 2,614,219 shares of the company’s stock were exchanged, compared to its average volume of 1,843,552. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. PulteGroup has a 12-month low of $68.80 and a 12-month high of $129.85. The firm has a 50 day moving average price of $113.97 and a 200-day moving average price of $111.22. The stock has a market capitalization of $26.29 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.61.
PulteGroup Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 18th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $0.80 annualized dividend and a dividend yield of 0.64%. PulteGroup’s payout ratio is currently 6.41%.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on PHM
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.
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