PulteGroup (PHM) Releases Earnings Results, Beats Expectations By $0.05 EPS

PulteGroup (PHM) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.37 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.32. The company posted revenue of $1799.90 million in the period, compared to analysts expectations of $1662.71 million. The company’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on PulteGroup. PulteGroup was Downgraded by Raymond James to ” Mkt Perform” on Apr 25, 2016.

PulteGroup opened for trading at $20.39 and hit $20.51 on the upside on Wednesday, eventually ending the session at $20.42, with a gain of 0.25% or 0.05 points. The heightened volatility saw the trading volume jump to 43,33,421 shares. Company has a market cap of $7,066 M.

In a different news, on Jul 11, 2016, James L Ossowski (VP Finance & Controller) sold 10,000 shares at $20.00 per share price. According to the SEC, on Jul 8, 2016, James R Ellinghausen (Exec. Vice President-HR) sold 100,000 shares at $20.25 per share price. On May 4, 2016, Bryce Blair (director) purchased 5,479 shares at $18.18 per share price, according to the Form-4 filing with the securities and exchange commission.

PulteGroup Inc. (PulteGroup) is a homebuilder operating in the United States. The Company’s subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs including single-family detached townhouses condominiums and duplexes. It has delivered approximately 640000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Company’s Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.


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