Live Analysis
PulteGroup, Inc. (PHM) witnessed a price decline of $2.15, settling at $126.13, marking a decrease of 1.68% from the previous close of $128.28. Trading volume saw an uptick, reaching $180,750, which is 9.42% higher than the average.
Earnings Overview
In its latest quarterly earnings report released on Wednesday, April 22nd, PHM reported earnings per share at $1.83, in line with consensus estimates.
Dividends
The company's forward dividend yield stands at 0.825%, with a dividend per share of 26 cents in the most recent quarter, showing a year-over-year increase.
Grades
UBS reaffirmed a "Buy" rating for PHM on April 24th, maintaining the previous stance, but advising investors to "hold" for now.
Cash Flow
Operating cash flow stood at $159,751, with free cash flow totaling $134,355. Notable cash movements include debt repayment of $-95.22 million and common stock repurchases amounting to $-308.18 million.
Income Statement
PHM reported revenues of $3.41 billion, with a net income of $347.00 million, translating to earnings per share of $1.81. The company maintained a healthy gross profit margin of 24.12%.
Ratios
Key ratios include a net profit margin of 10.18%, return on equity of 2.68%, and a price-to-earnings ratio of 16.24.
Balance Sheet
The balance sheet reflects total assets of $18.20 billion, with cash and cash equivalents at $1.81 billion and total investments amounting to $677.41 million.
This comprehensive overview provides insights into PHM's current financial standing and market performance.
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, American West, and John Wieland Homes and Neighborhoods brand names. As of December 31, 2021, it controlled 228,296 lots, of which 109,078 were owned and 119,218 were under land option agreements. In addition, the company arranges financing through the origination of mortgage loans primarily for homebuyers; sells the servicing rights for the originated loans; and provides title insurance policies, and examination and closing services to homebuyers. PulteGroup, Inc. was formerly known as Pulte Homes, Inc. and changed its name to PulteGroup, Inc. in March 2010. The company was founded in 1950 and is headquartered in Atlanta, Georgia.