In the latest trading session, PulteGroup (PHM) finished at $102.90, showing an increase of 0.85% compared to the day before.
In the latest trading session, PulteGroup (PHM) finished at $102.90, showing an increase of 0.85% compared to the day before.
PHM's new Del Webb Explore brand is aimed at Gen X buyers who are looking for luxurious, resort-like communities.
We have just released a list of the 10 worst-performing stocks that are worth buying right now. In this article, we will examine how PulteGroup, Inc. (NYSE:PHM) compares to these other struggling stocks. In 2024, the overall financial markets and economy have remained strong despite economic challenges and rising interest rates.
Investors frequently depend on the advice of Wall Street analysts to make choices about buying, selling, or holding stocks. Changes in ratings from these analysts, who work for brokerage firms, can significantly influence a stock's price. Media coverage of these rating changes often plays a role in this impact.
PulteGroup, Inc. had a successful fourth quarter, with a 17.2% rise in revenue due to more home closings and higher average selling prices. Although they faced some margin challenges, their administrative costs decreased significantly, leading to strong income growth. While new orders fell a bit, their value increased by 4%, and they still have a solid backlog of 10,153 homes worth $6.5 billion.
PHM's results for the fourth quarter of 2024 show strong demand for housing, even with high mortgage rates. Join us to find out more about the company's earnings for the quarter.
PulteGroup (PHM) reported quarterly earnings of $3.50 per share, which is higher than the Zacks Consensus Estimate of $3.24 per share. This is an increase compared to earnings of $3.28 per share from the same period last year.
ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) has revealed that its Board of Directors has approved a $1.5 billion boost to the company's share repurchase program. This adjustment raises the total remaining share repurchase authorization to $2.1 billion. Ryan Marshall, President and CEO of PulteGroup, stated, “After another year of record earnings and solid cash flow from operations, we are increasing our share repurchase authorization by $1.5 billion.”
In addition to looking at analysts' predictions for PulteGroup's (PHM) revenue and earnings, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in December 2024.