PulteGroup

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment consists of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PulteGroup achieves record Q4 earnings, focuses on strategic pricing

PulteGroup's strong financial performance in Q4 2022 reflects its resilience in the face of market challenges. With a focus on steady production volume, strategic pricing, and operational adaptability, the company remains optimistic about its future prospects. Managing affordability, optimizing production efficiency, and addressing market dynamics will be key focus areas for PulteGroup moving forward.

PulteGroup excels in Q1, faces margin pressure in Q2

PulteGroup's strong Q1 performance reflects effective cost management and strategic focus on spec homes.
Challenges include potential margin contraction in Q2 and decline in net new orders.
Opportunities lie in improving market conditions, leveraging liquidity, and strong entry-level demand.

PulteGroup reports record Q2 earnings, eyes growth in land market

PulteGroup's strong financial performance in Q2 2023 underscores operational excellence and prudent financial management. Despite supply chain challenges and modest price increases, the company maintains a solid financial position with a focus on efficiency and disciplined underwriting. Opportunities in the land market and Florida market growth offer avenues for further expansion.

PulteGroup excels in Q3 with record earnings and strategic investments

PulteGroup's Q3 performance reflects strong growth, efficient operations, and strategic investments. While challenges in maintaining margins and addressing affordability persist, the company's adaptability and focus on market dynamics position it well for future opportunities.

PulteGroup reports record revenues and plans for growth in 2024

PulteGroup's strong financial performance in 2023 was driven by record revenues, increased earnings per share, and robust new order growth. Despite challenges like affordability issues and cost inflation, the company is strategically positioned to capitalize on growth opportunities and operational efficiencies in 2024. By addressing affordability concerns and focusing on cycle time improvements, PulteGroup aims to sustain its momentum.

PulteGroup achieves record Q1 results, eyes strategic growth opportunities

PulteGroup's strong performance in Q1 2024 was driven by record revenues, increased margins, and strategic decisions.
While facing challenges like affordability and cost pressures, the company is leveraging opportunities in investments and market strategies.
Maintaining a focus on efficiency and growth avenues positions PulteGroup well for the future amidst a dynamic market environment.

PulteGroup reports 19% earnings growth, focuses on efficiency and growth

PulteGroup delivered a strong Q2 performance with notable increases in earnings, gross margin, and closings, despite facing challenges in market demand and competitive conditions in certain regions.
Strategic initiatives like managing price, pace, and starts, along with increasing third-party land vendors, present opportunities for growth and efficiency improvements.
The company's financial services operations also showed robust growth, contributing to overall positive financial results.
CFO succession plans were announced, ensuring a smooth transition and continuity in financial leadership.

PulteGroup reports robust Q3 earnings amidst margin challenges and growth opportunities

PulteGroup's Q3 performance reflects strong earnings growth and strategic initiatives to address market demand and enhance operational efficiency.
While facing challenges such as margin pressures and buyer confidence fluctuations, the company remains focused on meeting closing targets and driving revenue growth.
Opportunities lie in achieving closing targets, improving margins, and optimizing operations to capitalize on market demand and drive profitability.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PulteGroup, Inc. engages in the homebuilding business. The firm is also involved in mortgage banking and title and insurance brokerage operations. It operates through the Homebuilding and Financial services business segments. The Homebuilding segment includes operations from Connecticut, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Virginia, Georgia, North Carolina, South Carolina, Tennessee, Florida, Illinois, Indiana, Kentucky, Michigan, Minnesota, Missouri, Ohio, Texas, Arizona, California, Nevada, New Mexico, and Washington. The Financial Services segment is composed of mortgage banking and title operations. The company was founded by William J. Pulte in 1950 and is headquartered in Atlanta, GA.

Hubbell

Stellantis N.V. 

PHM, HUBB and STLA made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 28, 2023.

Best Momentum Stock to Buy for April 28th

PulteGroup (PHM) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Why Fast-paced Mover PulteGroup (PHM) Is a Great Choice for Value Investors

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM), one of America's largest homebuilders, has launched a nationwide partnership with Boys & Girls Clubs of America, a leading youth-development organization that provides safe places, caring mentors and life-enhancing experiences for young people across the nation. The partnership will focus on inspiring kids and teens to achieve academic success and learn about the various career opportunities available in the homebuilding industry. Pult.

PulteGroup Announces National Partnership with Boys & Girls Clubs of America

Earlier today, Schaeffer's Weekend Trader  subscribers doubled their money with our suggested PulteGroup Inc (NYSE:PHM) July 50 call.

How Call Traders Doubled Their Money with PulteGroup Stock

PulteGroup, Inc. (PHM) Q1 2023 Earnings Call Transcript.

PulteGroup, Inc. (PHM) Q1 2023 Earnings Call Transcript

PulteGroup's (PHM) first-quarter results reflect higher home prices and deliveries despite ongoing industry headwinds and macro uncertainties.

PulteGroup (PHM) Stock Rises on Q1 Earnings & Revenue Beat

A stressing point in the United States economy has been the rapid rise of interest rates affecting the underlying cost of a 30-year mortgage, where some would-be home buyers decided to postpone or outright cancel their plans of buying a home. What is also true for all home builders is the concerning advance of cancellation rates in their existing deliverables; however, today's market seems to be showing signs of possible stabilization in those metrics.

Pulte Homes Is Hosting The Better, More Profitable Open House

The headline numbers for PulteGroup (PHM) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PulteGroup (PHM) Reports Q1 Earnings: What Key Metrics Have to Say

PulteGroup (PHM) came out with quarterly earnings of $2.35 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.83 per share a year ago.

PulteGroup (PHM) Surpasses Q1 Earnings and Revenue Estimates

PulteGroup Inc. PHM reported Tuesday first-quarter profit and revenue that rose well above expectations, as closings and average sales prices increased. The homebuilder's stock edged up less than 0.1% in premarket trading.

Homebuilder PulteGroup beats earnings expectations, as home closings and average home prices increase

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its first quarter ended March 31, 2023. For the quarter, the Company reported net income of $532 million, or $2.35 per share, up from prior year net income of $455 million, or $1.83 per share. “As interest rates increased in 2022, we adjusted business practices to support a consistent start cadence and an appropriate inventory of quick move-in homes as we focused on turning our assets and delivering hig.

PulteGroup, Inc. Reports First Quarter 2023 Financial Results

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has approved a $1.0 billion increase to the Company's share repurchase authorization. This increase brings the Company's total share repurchase authorization to $1.2 billion. “Given the strong operating and financial results of our homebuilding operations, we continue to strategically allocate capital to grow our business over time, while maintaining an appropriate capital structure and return fun.

PulteGroup, Inc. Announces $1.0 Billion Increase to Share Repurchase Authorization

Higher average selling prices are likely to aid PulteGroup's (PHM) Q1 results for its Homebuilding segment.

Pricing to Help PulteGroup's (PHM) Homebuilding in Q1 Earnings

PulteGroup's (PHM) Q1 earnings are likely to have benefited from higher ASP. However, growing rates, rising inflation and uncertain economies are expected to have been risky.

PulteGroup (PHM) Gears Up for Q1 Earnings: What's in Store?

Camden Property

Invitation Homes

Real estate investment trusts are lower-stress ways to generate passive income from real estate. Invitation Homes enable investors to own part of a large portfolio of income-generating single-family rental homes.

How to Invest $1,000 (or Less) Into Rental Properties and Collect Stressless Passive Income

JACKSONVILLE, Fla.--(BUSINESS WIRE)--In a special dedication ceremony, PulteGroup presented United States Marine Corps Sergeant Matthew Perry with keys to his new, mortgage-free home in Jacksonville. Located in Pulte's Forest Park at Wildlight community, the home was donated through the Company's Built to Honor® program. This is the first home dedication of 2023, which marks the program's 10th year of providing homes to wounded veterans and their families.

PulteGroup Gifts New Mortgage-Free Home to Purple Heart Recipient in Jacksonville

The shares of PulteGroup, Inc.   (NYSE:PHM) have added more than 54% in the last six months.

More Highs Within PulteGroup Stock's Grasp

American Homes 4 Rent

JPMorgan BetaBuilders MSCI US REIT ETF

Bluerock Homes Trust Inc

Black Knight

CoStar Group

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Equity Residential

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

iShares Cohen & Steers REIT ETF

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Lennar

NexPoint Real Estate Finance

Neuberger Berman Real Estate Securities Income Fund Inc

NexPoint Diversified Real Estate Trust

NexPoint Residential Trust

Offerpad Solutions

Opendoor

US Diversified Real Estate ETF

Invesco Active US Real Estate

One of the best-performing property sectors this year, Single-Family Rental REITs have rebounded as the previously-sluggish U.S. housing sector has shown signs of life amid a moderation in mortgage rates. The dire predictions of a "hard landing" in rental markets have been rebuffed in recent months by steadying rental rates and strong occupancy trends seen across the major rent indexes.

Single-Family Rental REITs: Renting The American Dream

Meritage Homes

Joining fellow homebuilders in demand among the best mutual funds, Meritage Homes is on the verge of nailing down a new breakout. The post Building Breakouts: Meritage Among 9 Homebuilders Setting Up appeared first on Investor's Business Daily.

Building Breakouts: Meritage Among 9 Homebuilders Setting Up

AutoZone

Charter Communications

Lowe's

Steel Dynamics

Stock buybacks have been big in recent years, and these five firms are repurchasing impressive amounts of their own shares.

Stock Buybacks: 5 Quality Companies Rewarding Investors

KB Home

Taylor Morrison Home

Toll Brothers

Improving affordability and consumers' confidence in housing is aiding homebuilders like NVR, TMHC, KBH, TOL and PHM.

Pending Home Sales Rise in February: Housing to Rebound?

ATLANTA--(BUSINESS WIRE)--As the seasons change, say goodbye predictability and hello personalization when it comes to interior home design. From eye catching pops of vivid colors, to intriguing freeform elements and the bold combination of mixed era styling, the interior design experts at PulteGroup Inc. (NYSE: PHM) are sharing the top design and color trends to revamp your home this spring.

PulteGroup Shares New Interior Design and Color Trends to Freshen Up Your Home for Spring

Agilent Technologies

Apple

Agnico Eagle Mines

AGCO

Applied Materials

Churchill Downs

Carlisle Companies

Coterra Energy

D.R. Horton

Dick's Sporting Goods

Expeditors International of Washington

KLA-Tencor

Microsoft

Owens Corning

Old Dominion Freight Line

Skyworks Solutions

Stryker

TFI International

We explain why selling cash-covered puts and covered calls are relatively safe choices for earning a high income. We will discuss how to formulate an options income strategy that's sustainable and repeatable.

Earn Double-Digit Income With Options (April 2023)

With the Federal Reserve increasing interest rates by just 25 basis points, and indicating that it may soften its stance toward further hikes this year, does that mean it's rally time for homebuilders such as PulteGroup Inc. (NYSE: PHM), Lennar Corp. (NYSE: LEN) and D.R. Horton Inc. (NYSE: DHI)?

Are Homebuilders Ready To Rally If Fed Rate Hikes Slow?

LAKEWOOD RANCH, Fla.--(BUSINESS WIRE)--In its 10th year of providing mortgage-free homes to deserving veterans, national homebuilder PulteGroup has broken ground on a new home for U.S. Army Sergeant First Class Lucio Gaytan. Awarded through its Built to Honor® program, the Gaytan family will join Pulte's Sapphire Point at Lakewood Ranch community when the home is complete later this year.

PulteGroup Breaks Ground on Mortgage-Free Home for U.S. Army Veteran in Southwest Florida

News for PulteGroup Stock (PHM)