PulteGroup (NYSE:PHM) declared a quarterly dividend on Wednesday, July 24th, AnalystRatings.Net reports. Shareholders of record on Monday, August 5th will be given a dividend of $0.05 per share on Monday, August 12th. This represents a $0.20 dividend on an annualized basis and a yield of 1.08%.
A number of research firms have recently commented on PHM. Analysts at Compass Point downgraded shares of PulteGroup from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $19.50 price target on the stock, down previously from $27.00. On the ratings front, analysts at Bank of America Corp. initiated coverage on shares of PulteGroup in a research note to investors on Wednesday, June 26th. They set a “neutral” rating and a $23.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. initiated coverage on shares of PulteGroup in a research note to investors on Monday, June 24th. They set a “sell” rating and a $18.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.18.
PulteGroup (NYSE: PHM) traded down 4.60% on Wednesday, hitting $18.45. PulteGroup has a 52-week low of $9.96 and a 52-week high of $24.47. The stock’s 50-day moving average is currently $19.74. The company has a market cap of $7.150 billion and a price-to-earnings ratio of 24.86.
PulteGroup (NYSE:PHM) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was up 32.0% on a year-over-year basis. On average, analysts predict that PulteGroup will post $1.42 earnings per share for the current fiscal year.
PulteGroup, Inc (NYSE: PHM) is a homebuilder in the United States.