PulteGroup, Inc. Common Stock (NYSE:PHM):
PulteGroup Reports Third Quarter 2016 Financial Results.
The company is up by 1.76% since yesterday’s close of $18.19.
PulteGroup, Inc. Common Stock also recently declared a dividend for shareholders that was paid on Tue Oct 4, 2016. The dividend payment was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend represents a yield of $1.94. The ex-dividend date was set for Friday the 16th of September 2016.
Shares are trading at $18.51 barely below $19.63, the 50 day moving average and slightly below the 200 day moving average of $19.71. The 50 day moving average went down $-1.12 or -5.71% and the 200 day average went down by -6.07%.
The most current P/E ratio is 11.64 and market cap is 6.12B. In the last earnings report the EPS was $1.59 and is projected to be $1.60 for the current year with 330,739,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.31 and the next full year EPS is projected to be $2.09.
A few brokerage firms have issued ratings on PulteGroup, Inc. Common Stock of late. Equity analyst Wells Fargo starting coverage on the stock with an initial rating of “Market Perform”. Wedbush began coverage of the stock with a rating of “Underperform” and setting a price target of $16.00.
On July 25 the company was upgraded to “Buy” from “” in a statement from Deutsche Bank. On July 22 the stock rating was upgraded from “Neutral” to “Overweight” by analysts at JP Morgan.
On April 25 the stock rating was downgraded to “Market Perform” from “Outperform” by Raymond James. On April 6 the company was upgraded to “Equal-weight” from “Underweight” with a current price target of $18.00 in an announcement from Barclays.