Wedbush Has Positive Forecast for PulteGroup FY2025 Earnings

Key Points

• Wedbush has raised its FY2025 earnings per share estimate for PulteGroup to $11.40, up from $11.34, while maintaining an "Outperform" rating and a target price of $150.00.
• PulteGroup reported a quarterly earnings per share (EPS) of $2.96, exceeding analysts' expectations of $2.86, with revenues of $4.40 billion.
• The company announced a quarterly dividend of $0.22 per share, with a current dividend yield of 0.7%.

PulteGroup, Inc. (NYSE:PHM - Free Report) - Wedbush boosted their FY2025 earnings per share estimates for PulteGroup in a research note issued on Tuesday, October 21st. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $11.40 per share for the year, up from their prior forecast of $11.34. Wedbush currently has a "Outperform" rating and a $150.00 price target on the stock. The consensus estimate for PulteGroup's current full-year earnings is $12.32 per share. Wedbush also issued estimates for PulteGroup's Q2 2026 earnings at $2.70 EPS and Q4 2026 earnings at $3.46 EPS.

PulteGroup (NYSE:PHM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.86 by $0.10. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.58%. PulteGroup's revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period last year, the firm posted $3.35 EPS.

PHM has been the topic of several other reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $140.00 price target (up from $115.00) on shares of PulteGroup in a report on Wednesday, July 23rd. Royal Bank Of Canada upped their target price on PulteGroup from $109.00 to $112.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on PulteGroup from $135.00 to $150.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Evercore ISI decreased their price target on PulteGroup from $154.00 to $134.00 and set an "in-line" rating for the company in a report on Wednesday. Finally, Oppenheimer upped their price objective on PulteGroup from $132.00 to $140.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.67.

PulteGroup Stock Up 0.6%

NYSE:PHM opened at $120.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.77. The company's fifty day moving average price is $130.51 and its 200-day moving average price is $114.23. PulteGroup has a 1-year low of $88.07 and a 1-year high of $142.11. The firm has a market capitalization of $23.58 billion, a P/E ratio of 9.31, a PEG ratio of 0.35 and a beta of 1.29.

PulteGroup Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Tuesday, September 16th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 16th. PulteGroup's dividend payout ratio (DPR) is presently 6.58%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of PulteGroup during the 2nd quarter valued at approximately $404,339,000. Nuveen LLC purchased a new position in PulteGroup during the first quarter valued at $213,092,000. Pacer Advisors Inc. grew its position in shares of PulteGroup by 2,586.8% in the first quarter. Pacer Advisors Inc. now owns 1,166,902 shares of the construction company's stock valued at $119,958,000 after purchasing an additional 1,123,471 shares during the period. JPMorgan Chase & Co. increased its stake in shares of PulteGroup by 40.3% during the first quarter. JPMorgan Chase & Co. now owns 3,486,330 shares of the construction company's stock worth $358,395,000 after purchasing an additional 1,001,290 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its position in shares of PulteGroup by 219.2% during the 1st quarter. AustralianSuper Pty Ltd now owns 1,039,107 shares of the construction company's stock worth $106,820,000 after purchasing an additional 713,534 shares during the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Company Profile

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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