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PulteGroup Inc (PHM.N)

PHM.N on New York Stock Exchange

23.62USD
16 Oct 2018
Change (% chg)

$0.68 (+2.96%)
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Latest Key Developments (Source: Significant Developments)

Pultegroup Announces Qtrly Cash Dividend Of $0.09 Per Share
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - PulteGroup Inc ::PULTEGROUP ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.09 PER SHARE.  Full Article

Pultegroup Says Affordability Concerns Are Real, Especially Given Mortgage Rates, Which Have Been Volatile
Thursday, 26 Jul 2018 

July 26 (Reuters) - PulteGroup Inc ::PULTEGROUP SAYS AFFORDABILITY CONCERNS ARE REAL, ESPECIALLY GIVEN MORTGAGE RATES, WHICH HAVE BEEN VOLATILE - CONF CALL.PULTEGROUP SAYS TRAFFIC TO CONTRACT CONVERSION RATES EASED A LITTLE IN THE QUARTER, MAINLY AMONG FIRST-TIME AND MOVE-UP BUYERS WHEN MORTGAGE RATES ROSE IN MAY - CONF CALL.PULTEGROUP SEES Q3 DELIVERIES TO INCREASE TO BETWEEN 6,000 AND 6,300 HOMES - CONF CALL.PULTEGROUP SEES CLOSINGS OVER REMAINING TWO QTRS TO HAVE AN AVERAGE SALES PRICE BETWEEN $415,000 TO $425,000.PULTEGROUP CEO SAYS COUNTRY CONTINUES TO BENEFIT FROM STRONG JOBS MARKET, EXCEPTIONALLY LOW UNEMPLOYMENT, MODEST WAGE INCREASES AND HIGH CONSUMER CONFIDENCE.PULTEGROUP SEES Q3 GROSS MARGIN BETWEEN 24 PERCENT TO 24.5 PERCENT; Q4 GROSS MARGIN BETWEEN 23.8 PERCENT TO 24.3 PERCENT.PULTEGROUP SAYS NOW EXPECTS TO GENERATE BETWEEN $900 MILLION AND $1.1 BILLION OF CASH IN 2018 BEFORE DIVIDEND AND SHARE REPURCHASE ACTIVITIES.  Full Article

Pultegroup Q2 Adjusted Earnings Per Share $0.89
Thursday, 26 Jul 2018 

PulteGroup Inc ::PULTEGROUP REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 EARNINGS PER SHARE $1.12.Q2 EARNINGS PER SHARE VIEW $0.75 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED EARNINGS PER SHARE $0.89.QTRLY HOME SALE REVENUES INCREASED 25% TO $2.5 BILLION.QTRLY TOTAL REVENUES $2.57 BILLION VERSUS $2.02 BILLION REPORTED LAST YEAR.QTRLY NET NEW ORDERS DECREASED 1% TO 6,341 HOMES.QTRL-END BACKLOG VALUE INCREASED 17% TO $5.2 BILLION.Q2 REVENUE VIEW $2.37 BILLION -- THOMSON REUTERS I/B/E/S.QUARTER END BACKLOG INCREASED 11% TO 11,845 HOMES.  Full Article

Pultegroup Sets Quarterly Cash Dividend Of $0.09Per Share
Thursday, 10 May 2018 

PulteGroup Inc ::SETS QUARTERLY CASH DIVIDEND OF $0.09PER SHARE.  Full Article

PulteGroup Sees Q2 Deliveries In The Range Of 5,400 To 5,700 Homes
Tuesday, 24 Apr 2018 

April 24 (Reuters) - PulteGroup Inc ::PULTEGROUP SEES Q2 DELIVERIES IN THE RANGE OF 5,400 TO 5,700 HOMES; UP 7 PERCENT - 13 PERCENT YEAR-OVER-YEAR - CONF CALL.PULTEGROUP RAISES FY 2018 FORECAST TO BE IN THE RANGE OF 22,500 TO 23,500 HOMES - CONF CALL.PULTEGROUP SEES 2018 AVERAGE SELLING PRICE TO BE IN THE RANGE OF $405,000 TO $420,000 - CONF CALL.PULTEGROUP REAFFIRMS 2018 GROSS MARGINS FORECAST TO REMAIN IN THE RANGE OF 23 PERCENT TO 23.5 PERCENT IN EACH OF THE QUARTERS GOING FORWARD - CONF CALL.PULTEGROUP SEES FY 2018 SG&A TO BE IN THE RANGE OF 10.8 PERCENT TO 11.3 PERCENT OF HOME SALE REVENUE - CONF CALL.PULTEGROUP SEES FY 2018 OPERATING MARGINS TO BE IN THE RANGE OF 11.7 PERCENT TO 12.7 PERCENT - CONF CALL.PULTEGROUP CEO SAYS THE POSITIVE BUYER TRAFFIC AND SIGN OF PATTERN THAT WE SAW IN THE FIRST QUARTER HAVE CARRIED THROUGH AND INTO Q2 - CONF CALL.  Full Article

Pultegroup Sees 2018 Deliveries Of 22,000-23,000 Homes
Tuesday, 30 Jan 2018 

Jan 30 (Reuters) - Pultegroup Inc ::SEES 2018 DELIVERIES OF BETWEEN 22,000 AND 23,000 HOMES, UP 5 PERCENT TO 10 PERCENT YEAR-OVER-YEAR - CONF CALL‍​.SEES 2018 AVERAGE SELLING PRICE OF $400,000 TO $415,000 - CONF CALL‍​.SEES Q1 CLOSINGS BETWEEN 4,250 AND 4,500 HOMES - CONF CALL‍​.SEES GROSS MARGIN FOR EACH OF THE QUARTERS, AND FOR THE YEAR TO BE IN A RANGE BETWEEN 23% AND 23.5% - CONF CALL‍​.PULTEGROUP - SAYS FY MARGINS REFLECT IMPACT OF HIGHER LAND, LABOR, MATERIAL COSTS, PARTICULARLY LUMBER AND CONCRETE, PARTIALLY OFFSET BY HIGHER PRICES.SAYS 2018 TAX RATE WILL BE ABOUT 25.5% - CONF CALL‍​.  Full Article

PulteGroup sees Q4 home deliveries of 6,400 to 6,700 units
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pultegroup Inc ::Damage from hurricanes to Pulte's communities in Texas, Florida, and the Carolinas was minimal - CEO on conf call‍​.Process of closing down and reopening communities resulted in loss of numerous selling, construction days across major markets."Buyer demand is robust in the quarter and slowdowns caused by hurricanes Harvey and Irma were significant" - CEO on conf call.Incurring higher prices for labor and the associated materials - CEO on conf call.Sees Q4 home deliveries of 6,400 to 6,700 units - Conf call.Expect Q4 gross margins to come in toward the lower end of previous guidance range of 23.6% to 24.1% - conf call.  Full Article

PulteGroup reports third quarter 2017 financial results
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Pultegroup Inc :PulteGroup reports third quarter 2017 financial results.Q3 adjusted earnings per share $0.60 excluding items.Q3 earnings per share $0.58.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍unit backlog at quarter end increased 15% to 10,823 homes; backlog value at quarter end increased 26% to $4.7 billion​.Pultegroup inc qtrly ‍unit backlog increased 15% to 10,823 homes​.PulteGroup Inc qtrly ‍backlog value increased 26% to $4.7 billion​.PulteGroup Inc - ‍home sale revenues for Q3 increased 9% over prior year to $2.1 billion​.PulteGroup Inc qtrly total revenues $‍2.13​ billion versus $1.94 billion last year.Q3 revenue view $2.30 billion -- Thomson Reuters I/B/E/S.PulteGroup Inc - ‍net new orders for Q3 increased 11% to 5,300 homes.PulteGroup Inc says ‍U.S. new home sales for 2017 are expected to grow a "healthy" 5% to 10% over last year​.  Full Article

REFILE-UPDATE 3-Lennar cuts forecast for orders, deliveries citing Hurricane Florence

Oct 3 Lennar Corp, the No. 2 U.S. homebuilder, cut its forecast for fourth-quarter orders and deliveries on Wednesday, citing the impact of Hurricane Florence and sluggishness in the market.