Zacks Research Forecasts PulteGroup's Q3 Earnings (NYSE:PHM)

Key Points

• Zacks Research lowered PulteGroup’s Q3 2026 EPS forecast to $2.60 from $2.67, while projecting FY2026 earnings of $9.91 per share.
• Analysts maintain a generally positive view, with 10 Buy and seven Hold ratings; the stock has a “Moderate Buy” consensus and an average price target of $143.14.
• PulteGroup’s latest quarterly results beat expectations, with EPS of $2.48 and revenue of $3.98 billion, though revenue declined 9.6% year over year. The company also authorized a $1.5 billion share-repurchase program covering up to 6.1% of shares.

PulteGroup, Inc. (NYSE:PHM - Free Report) - Equities research analysts at Zacks Research dropped their Q3 2026 earnings per share estimates for shares of PulteGroup in a research note issued on Wednesday, August 12th. Zacks Research analyst Team now anticipates that the construction company will post earnings of $2.60 per share for the quarter, down from their prior forecast of $2.67. The consensus estimate for PulteGroup's current full-year earnings is $10.08 per share. Zacks Research also issued estimates for PulteGroup's Q4 2026 earnings at $3.04 EPS, FY2026 earnings at $9.91 EPS, Q1 2027 earnings at $1.96 EPS, Q2 2027 earnings at $2.71 EPS, Q3 2027 earnings at $3.00 EPS, Q4 2027 earnings at $3.37 EPS, FY2027 earnings at $11.04 EPS, Q1 2028 earnings at $2.40 EPS and FY2028 earnings at $13.26 EPS.

Several other equities research analysts have also recently weighed in on PHM. Weiss Ratings raised PulteGroup from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, July 23rd. Barclays increased their target price on shares of PulteGroup from $123.00 to $124.00 and gave the company an "equal weight" rating in a research report on Thursday, July 23rd. Truist Financial dropped their price target on shares of PulteGroup from $170.00 to $150.00 and set a "buy" rating on the stock in a research report on Thursday, April 16th. Bank of America lowered their target price on shares of PulteGroup from $145.00 to $140.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Finally, Royal Bank Of Canada lifted their target price on shares of PulteGroup from $115.00 to $116.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, PulteGroup has a consensus rating of "Moderate Buy" and an average target price of $143.14.

PulteGroup Stock Performance

NYSE PHM opened at $128.97 on Thursday. The company has a market capitalization of $24.18 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 1.64 and a beta of 1.19. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.14. PulteGroup has a twelve month low of $108.49 and a twelve month high of $144.49. The stock has a fifty day simple moving average of $127.86 and a 200 day simple moving average of $125.51.

PulteGroup (NYSE:PHM - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The construction company reported $2.48 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.12. PulteGroup had a return on equity of 15.21% and a net margin of 11.62%.The firm had revenue of $3.98 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the firm posted $3.03 earnings per share. The business's revenue for the quarter was down 9.6% on a year-over-year basis.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PHM. Norges Bank bought a new stake in PulteGroup in the 4th quarter valued at about $466,653,000. Price T Rowe Associates Inc. MD boosted its stake in PulteGroup by 126.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,284,197 shares of the construction company's stock valued at $502,366,000 after purchasing an additional 2,392,580 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in PulteGroup during the 2nd quarter valued at about $189,931,000. Public Sector Pension Investment Board increased its holdings in PulteGroup by 5,485.0% during the 4th quarter. Public Sector Pension Investment Board now owns 930,622 shares of the construction company's stock worth $109,125,000 after purchasing an additional 913,959 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in PulteGroup by 5.1% during the fourth quarter. Franklin Resources Inc. now owns 13,555,304 shares of the construction company's stock worth $1,589,495,000 after buying an additional 655,033 shares in the last quarter. Institutional investors and hedge funds own 89.90% of the company's stock.

Insider Transactions at PulteGroup

In other PulteGroup news, COO Matthew William Koart sold 7,457 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $120.00, for a total value of $894,840.00. Following the transaction, the chief operating officer directly owned 28,100 shares of the company's stock, valued at approximately $3,372,000. The trade was a 20.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.75% of the company's stock.

PulteGroup announced that its board has approved a share repurchase plan on Thursday, April 23rd that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

PulteGroup Company Profile

PulteGroup, Inc NYSE: PHM is a U.S.-based residential homebuilder that designs, constructs and sells single-family homes and develops master-planned communities. The company operates multiple national and regional brands that target different buyer segments, including first-time buyers, move-up buyers and active-adult customers. Its operations encompass land acquisition and development, home design and construction, community amenities and ongoing customer service and warranty programs.

PulteGroup markets homes under several well-known brands, such as Pulte Homes, Centex and Del Webb, among others, offering a range of product types from entry-level detached homes to larger, higher-end residences and age-restricted active-adult communities.

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