PulteGroup (PHM) Earning Somewhat Favorable Press Coverage, Accern Reports
News headlines about PulteGroup (NYSE:PHM) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. PulteGroup earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 47.2848247624997 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- Zacks: Brokerages Expect PulteGroup, Inc. (PHM) Will Announce Quarterly Sales of $1.84 Billion (americanbankingnews.com)
- Stock With Negative Earnings Growth For This Year: PulteGroup, Inc. (PHM) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technical Indicators under Review – PulteGroup Inc (NYSE: PHM) – Alpha Beta Stock (alphabetastock.com)
- Royal Bank of Canada Reiterates “$39.00” Price Target for PulteGroup (PHM) (americanbankingnews.com)
- Brokerages Expect PulteGroup, Inc. (PHM) Will Post Earnings of $0.44 Per Share (americanbankingnews.com)
Several research analysts have recently issued reports on the stock. B. Riley restated a “buy” rating on shares of PulteGroup in a report on Wednesday, November 1st. Zacks Investment Research cut shares of PulteGroup from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Credit Suisse Group restated an “outperform” rating and issued a $38.00 target price (up previously from $32.00) on shares of PulteGroup in a report on Monday, January 22nd. They noted that the move was a valuation call. Royal Bank of Canada set a $39.00 target price on shares of PulteGroup and gave the company a “buy” rating in a report on Wednesday, February 14th. Finally, Barclays set a $26.00 target price on shares of PulteGroup and gave the company a “hold” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. PulteGroup presently has an average rating of “Buy” and an average target price of $32.85.
PulteGroup (NYSE:PHM) last released its quarterly earnings results on Tuesday, January 30th. The construction company reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. PulteGroup had a net margin of 5.22% and a return on equity of 15.52%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. PulteGroup’s revenue for the quarter was up 12.1% on a year-over-year basis. sell-side analysts predict that PulteGroup will post 3.11 EPS for the current fiscal year.
PulteGroup announced that its board has approved a stock repurchase plan on Tuesday, January 30th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Friday, March 16th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $0.36 annualized dividend and a yield of 1.21%. PulteGroup’s dividend payout ratio (DPR) is 24.49%.
In related news, CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $33.89, for a total value of $3,144,992.00. Following the completion of the sale, the chief financial officer now owns 363,722 shares in the company, valued at approximately $12,326,538.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by corporate insiders.
PulteGroup Company Profile
PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.
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