31.35 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||31.25 x 900|
|Ask||31.39 x 2200|
|Day's Range||30.52 - 31.71|
|52 Week Range||20.64 - 33.04|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||8.83|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||0.44 (1.57%)|
|1y Target Est||27.21|
New-home sales rose 4.5% in March to a 692,000 annual rate, a 15-month high, amid lower mortgage rates and housing prices. Homebuilder stocks rose, helped by Pulte Group earnings.
PulteGroup Inc. says it believes one way to help solve the affordability problems that home buyers are facing is to increase its focus on lower-priced homes for first-time buyers, although that’s likely to weigh on gross margins.
Sales of newly-constructed homes were stronger than expected, but balanced by downward revisions to prior months’ data.
PulteGroup Inc said on Tuesday it expects homebuyers to return to the market after slowing demand in the second half of 2018, spurred by lower prices across its portfolio and easing mortgage rates. The No.3 U.S. homebuilder said it saw a significant increase in consumer traffic into its communities, pointing to the overall health of the housing industry. Pulte's focus on lower-priced, first-time buyer lots coupled with the recent decline in mortgage rates could solve some affordability challenges homebuyers face, Chief Executive Officer Ryan Marshall said on a post-earnings conference call with analysts.
Higher demand resulting from a decline in mortgage rates aids PulteGroup (PHM) to post better-than-expected Q1 results. However, higher costs pose a risk.
rose 3.15% in trading Tuesday after the home builder reported strong first-quarter results thanks to an increase in the average selling price of its homes. The company reported a 1.4% increase in revenue to $2 billion, and earnings of 59 cents per share. PulteGroup reported a 2% increase in home sale revenue driven by a 2% increase in the average selling price of its homes to $421,000.
Shares of PulteGroup Inc. shot up 3.9% toward a 9-month high in premarket trade Tuesday, after the home builder reported a first-quarter profit and revenue that beat expectations. Net income was $166.8 million, or 59 cents a share, compared with $170.8 million, or 59 cents a share, in the same period a year ago, beating the FactSet EPS consensus of 47 cents. Revenue increased 1.4% to $2.00 billion, above the FactSet consensus of $1.93 billion, as a 2% increase in home sale revenue to $1.9 billion was driven by a 2% increase in average selling price to $421,000. New orders totaled 6,463 homes valued at $2.7 billion, down from 6,875 homes valued at $2.9 billion a year ago. "Helped by the recent decline in mortgage rates, homebuyers have been steadily returning to the market after a period of slowing demand that began in the second half of 2018," said Chief Executive Ryan Marshall. The stock, on track to open at the highest level seen during regular-session hours since July 19, 2018, has run up 16.3% year to date, while the iShares U.S. Home Construction ETF has rallied 26.3% and the S&P 500 has gained 16.0%.
PulteGroup Inc. on Tuesday reported first quarter earnings of $166.8 million. On a per-share basis, the Atlanta company said it had profit of 59 cents. The results surpassed Wall Street expectations. The ...
PulteGroup Inc on Tuesday reported a 2.3 percent fall in first-quarter profit, hit by higher costs. The No.3 U.S. homebuilder's net income fell to $166.8 million, or 59 cents per share, in the quarter ...
ATLANTA-- -- Q1 Earnings of $0.59 Per Share Home Sale Revenues Gained 2% to $1.9 Billion Closings of 4,635 Homes with an Average Sales Price of $421,000 Home Sale Gross Margin of 23.4% Net New Orders Totaled 6,463 Homes Valued at $2.7 Billion Unit Backlog of 10,550 Homes Valued at $4.6 Billion Company Repurchased $25 Million of Common Shares During the Quarter PulteGroup, Inc. announced today financial ...
NVR earnings crushed views with a solid earnings and sales gains. The homebuilder rallied strongly past a buy point but most other builders fell.
In communities across the country, PulteGroup is incorporating eco-friendly practices into home building, offering long-term benefits to both consumers and the environment. Through the development and evaluation of innovative green initiatives, the Company is integrating new technologies that deliver greater energy efficiency, leverage green products, and put sustainability into every day practice at communities across the country. “Our goal is to offer consumers the powerful combination of quality, affordability, and sustainability,” said Ryan Marshall, PulteGroup president and CEO.
"Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
A recent survey by Del Webb, America’s leading builder of active adult communities, of men and women aged 50 and 60 finds that younger baby boomers and older Generation X are not planning to downsize with their next move. According to the survey, of the 57 percent of respondents who say they plan to move in the future, 65 percent prefer their next home to be either the same size (43 percent) or larger (22 percent) than their current home. The expectation of needing more space in their next home can also be seen in the clear majority (71 percent) of respondents planning to move who prefer a single-family home and those indicating they want three or more bedrooms (63 percent).
PulteGroup (PHM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ryan Marshall became the CEO of PulteGroup, Inc. (NYSE:PHM) in 2016. First, this article will compare CEO compensation with compensation at similar sized companies. After that, we will consider the growth in the business...
Embattled former MiMedx Group Chairman and CEO Parker "Pete" Petit is attempting to remain part of the company's leadership braintrust, nominating himself and two others for election to the company's board of directors.
“We expect the sector’s recent positive momentum to continue this earnings season,” says a J.P. Morgan analyst.
Pulte Mortgage announced today it is partnering with Finicity — a leading provider of real-time financial data access and insights, to provide its borrowers with a faster, simpler and more secure way to navigate the home financing process. Pulte Mortgage is a wholly-owned subsidiary of PulteGroup, Inc. (PHM) that finances new home construction for customers of Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland Homes and Neighborhoods brands.
Goldman Sachs released the top 20 stocks that you should invest in. Yahoo Finance's Adam Shapiro, Julie Hyman, Jared Blikre, Brian Sozzi, and Akiko Fujita discuss.