Wedbush Issues Pessimistic Forecast for PulteGroup Earnings

Key Points

• Wedbush analysts have lowered their Q1 2026 earnings per share estimate for PulteGroup from $2.35 to $2.26, while maintaining an "Outperform" rating and a $150 price target.
• PulteGroup reported $2.96 EPS for the last quarter, surpassing consensus estimates, despite a year-over-year revenue decline of 1.6%.
• Various analysts have issued mixed ratings on PulteGroup, with a current average rating of "Moderate Buy" and a target price averaging $133.67.

PulteGroup, Inc. (NYSE:PHM - Free Report) - Research analysts at Wedbush reduced their Q1 2026 earnings per share estimates for PulteGroup in a report released on Tuesday, October 21st. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $2.26 per share for the quarter, down from their prior forecast of $2.35. Wedbush has a "Outperform" rating and a $150.00 price objective 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 Q3 2026 earnings at $2.98 EPS, FY2026 earnings at $11.37 EPS, Q1 2027 earnings at $2.52 EPS, Q2 2027 earnings at $3.09 EPS, Q3 2027 earnings at $3.37 EPS and FY2027 earnings at $12.73 EPS.

PulteGroup (NYSE:PHM - Get Free Report) last issued its quarterly earnings data on Tuesday, October 21st. The construction company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to analyst estimates of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.77%. PulteGroup's revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the firm earned $3.35 EPS.

A number of other equities analysts have also recently commented on the company. UBS Group raised their target price on PulteGroup from $141.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of PulteGroup in a research note on Wednesday, October 8th. Evercore ISI reduced their target price on shares of PulteGroup from $154.00 to $134.00 and set an "in-line" rating on the stock in a report on Wednesday. Citigroup increased their price objective on PulteGroup from $132.00 to $143.00 and gave the company a "neutral" rating in a research note on Wednesday, October 1st. Finally, Seaport Res Ptn raised PulteGroup from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $133.67.

PulteGroup Stock Performance

NYSE:PHM opened at $120.10 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.77 and a current ratio of 0.77. The company has a 50 day moving average price of $130.67 and a 200 day moving average price of $114.06. PulteGroup has a fifty-two week low of $88.07 and a fifty-two week high of $142.11. The stock has a market capitalization of $23.70 billion, a P/E ratio of 9.25, a PEG ratio of 0.36 and a beta of 1.29.

Institutional Trading of PulteGroup

A number of large investors have recently made changes to their positions in the company. Evergreen Capital Management LLC grew its holdings in PulteGroup by 2.8% during the second quarter. Evergreen Capital Management LLC now owns 2,875 shares of the construction company's stock worth $304,000 after acquiring an additional 78 shares during the period. Fidelis Capital Partners LLC boosted its position in shares of PulteGroup by 1.0% in the 2nd quarter. Fidelis Capital Partners LLC now owns 8,760 shares of the construction company's stock worth $924,000 after buying an additional 85 shares in the last quarter. Apella Capital LLC raised its position in PulteGroup by 4.2% during the third quarter. Apella Capital LLC now owns 2,163 shares of the construction company's stock worth $268,000 after acquiring an additional 87 shares during the last quarter. Cooper Financial Group lifted its holdings in shares of PulteGroup by 1.4% in the second quarter. Cooper Financial Group now owns 6,697 shares of the construction company's stock valued at $706,000 after purchasing an additional 92 shares in the last quarter. Finally, CWM LLC increased its stake in shares of PulteGroup by 0.6% during the 3rd quarter. CWM LLC now owns 14,308 shares of the construction company's stock worth $1,890,000 after purchasing an additional 92 shares in the last quarter. 89.90% of the stock is owned by institutional investors and hedge funds.

PulteGroup Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were given a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. PulteGroup's payout ratio is 6.58%.

About PulteGroup

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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