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PulteGroup (NYSE:PHM) was upgraded by Susquehanna from a “negative” rating to a “neutral” rating in a research note issued on Friday, AnalystRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital downgraded shares of PulteGroup to an “equal weight” rating in a research note to investors on Friday. Separately, analysts at ISI Group downgraded shares of PulteGroup to a “neutral” rating in a research note to investors on Friday. Finally, analysts at Credit Suisse upgraded shares of PulteGroup from a “neutral” rating to an “outperform” rating in a research note to investors on Friday.
One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.43.
PulteGroup (NYSE: PHM) opened at 16.55 on Friday. PulteGroup has a 1-year low of $16.13 and a 1-year high of $24.47. The stock’s 50-day moving average is currently $19.53. The company has a market cap of $6.413 billion and a price-to-earnings ratio of 21.27.
PulteGroup (NYSE:PHM) last posted its quarterly earnings results on Thursday, July 25th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company posted $0.11 earnings per share. PulteGroup’s revenue was up 19.6% compared to the same quarter last year. Analysts expect that PulteGroup will post $1.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 12th. Shareholders of record on Monday, August 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Thursday, August 1st. This is a positive change from PulteGroup’s previous quarterly dividend of $0.04.
PulteGroup, Inc (NYSE: PHM) is a homebuilder in the United States.Image may be NSFW.
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