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Pultegroup (PHM)
:PHM
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.26Last Year’s EPS
3.28Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: -24.31%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call presented strong financial results and returns to shareholders, along with improvements in operational efficiency. However, these positives were balanced by the elevated incentives required to drive sales and the operational disruptions caused by hurricanes, alongside a noted decline in the active adult segment. Overall, the company remains optimistic about future growth but acknowledges current challenges.Company Guidance
In the PulteGroup, Inc. Q3 2024 earnings call, the company provided guidance reflecting strong performance metrics and strategic financial management. Earnings per share increased by 16% year-over-year to $3.35, driven by a 12% increase in home closings. For the trailing 12-month period, PulteGroup achieved a 27% return on equity and reduced its debt-to-capital ratio to 12%. The company returned $1 billion to shareholders through share repurchases and dividends, a 25% increase from the previous year. PulteGroup anticipates closing 31,000 homes for the full year, maintaining home sale revenues with an average sales price between $555,000 and $565,000 for Q4. Despite the challenging affordability environment, the company is targeting a gross margin range of 27.5% to 27.8% in Q4, leveraging incentives to meet consumer demand. The company also continues to make progress in enhancing cycle times, with the goal of reaching a 100-day cycle time in early 2025.Earnings Increase and Record Year Expected
PulteGroup reported a 16% year-over-year increase in third quarter earnings to $3.35 per share. For the first three quarters of 2024, the company realized a 22% increase in reported earnings to $10.28 per share. They are on track to have 2024 be a record year.
Strong Financial Performance and Shareholder Returns
PulteGroup returned $1 billion to shareholders through share repurchases and dividends, a 25% increase from last year. The company lowered its debt to capital ratio to 12%.
Operational Efficiency and Cycle Time Reduction
The average cycle time for homes delivered in the third quarter was reduced to 114 days, down from 123 days in the second quarter, with a goal to reach 100 days in early 2025.
Strong Financial Services Performance
The financial services operations experienced a 90% increase in pretax income over the previous year, benefiting from increased volume and improved capture rates.
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PHM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PHM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 22, 2024 | $143.99 | $133.56 | -7.24% |
| Jul 23, 2024 | $125.22 | $125.25 | +0.02% |
| Apr 23, 2024 | $107.28 | $112.19 | +4.58% |
| Jan 30, 2024 | $105.34 | $104.83 | -0.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pultegroup (PHM) report earnings?
Pultegroup (PHM) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Pultegroup (PHM) earnings time?
Pultegroup (PHM) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PHM EPS forecast?
PHM EPS forecast for the fiscal quarter 2024 (Q4) is 3.26.
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