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PulteGroup, Inc.

PHM.N

Latest Trade

45.24USD

Change

0.87(+1.96%)

Volume

187,945

Today's Range

44.40

 - 

45.75

52 Week Range

17.13

 - 

47.31

As of on the New York Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Pultegroup Inc - Unit Entered Into Second Amended, Restated Master Repurchase Agreement With Comerica Bank

Aug 3 (Reuters) - Pultegroup Inc <PHM.N>::PULTEGROUP INC - UNIT ENTERED INTO SECOND AMENDED, RESTATED MASTER REPURCHASE AGREEMENT WITH COMERICA BANK.PULTEGROUP INC - PURPOSE OF REPURCHASE AGREEMENT IS TO FINANCE ORIGINATION OF MORTGAGE LOANS BY PULTE MORTGAGE.PULTEGROUP INC - REPURCHASE AGREEMENT PROVIDES FOR A MAXIMUM AGGREGATE COMMITMENT OF $420 MILLION.PULTEGROUP INC - REPURCHASE AGREEMENT CONTAINS AN ACCORDION FEATURE THAT COULD INCREASE MAXIMUM AGGREGATE COMMITMENT TO $480 MILLION.

PulteGroup Sees 2020 Deliveries In A Range Of 23,500-24,000 Homes - Conf Call

July 23 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP CEO SAYS THE COMBINATION OF STRONG DEMAND AND LIMITED INVENTORY HAS ALLOWED CO TO RAISE PRICES ACROSS MANY OF ITS COMMUNITIES - CONF CALL.PULTEGROUP CFO SEES FULL-YEAR DELIVERIES IN A RANGE OF 23,500 HOMES AND 24,000 HOMES - CONF CALL.ANALYSTS ON AVERAGE EXPECT PULTE TO DELIVER 23,125 HOMES IN 2020, ACCORDING TO IBES DATA FROM REFINITIV.PULTEGROUP CFO SEES Q3 DELIVER BETWEEN 6,000 AND 6,300 HOMES - CONF CALL.PULTEGROUP CFO SAYS EXPECTS AVERAGE SALES PRICE ON DELIVERIES TO BE BETWEEN $420,000 AND $430,000 IN 2020.PULTEGROUP CFO SEES Q3 GROSS MARGIN IN THE RANGE OF 23.9% TO 24.2%, WITH FULL YEAR GROSS MARGIN IN THE RANGE OF 23.8% TO 24.1%.PULTEGROUP CFO EXPECTS FULL-YEAR LAND INVESTMENT OF APPROXIMATELY $2.7 BILLION.PULTEGROUP CEO SAYS DEMAND HAS REMAINED STRONG THROUGH THE FIRST THREE WEEKS OF JULY.PULTEGROUP CEO SAYS OPTIMISTIC ABOUT WHAT THE SUMMER-SELLING MONTHS HOLD FOR CO.

Pultegroup Reports Q2 Earnings Per Share Of $1.29

July 23 (Reuters) - Pultegroup Inc <PHM.N>::PULTEGROUP REPORTS SECOND QUARTER 2020 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.15.Q2 EARNINGS PER SHARE $1.29.Q2 EARNINGS PER SHARE ESTIMATE $0.87 -- REFINITIV IBES DATA.QUARTER-END BACKLOG OF 13,214 HOMES UP 12%; BACKLOG VALUE UP 13% TO $5.8 BILLION.Q2 HOME SALE REVENUES INCREASED 3% TO $2.5 BILLION.Q2 NET NEW ORDERS DECREASED 4% TO 6,522 HOMES.ENCOURAGED ABOUT BACK HALF OF 2020, PLAN TO PROVIDE GUIDANCE FOR REMAINDER OF YEAR AS PART OF OUR Q2 EARNINGS CALL.Q2 REVENUE VIEW $2.51 BILLION -- REFINITIV IBES DATA.QTRLY TOTAL REVENUES $2.59 BILLION VERSUS $2.49 BILLION.OUR CASH BALANCE AT THE END OF Q2 WAS $1.7 BILLION, AFTER HAVING REPAID THE $700 MILLION WE BORROWED UNDER OUR REVOLVER.

Pultegroup, Inc. Provides Update On Covid-19 Impacts And Response Actions

May 11 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP, INC. PROVIDES UPDATE ON COVID-19 IMPACTS AND RESPONSE ACTIONS.PULTEGROUP INC - TAKEN STEPS TO REDUCE TARGETED OVERHEAD EXPENSE THROUGH A COMBINATION OF LAYOFFS, FURLOUGHS.PULTEGROUP INC - ANTICIPATES TAKING A Q2 CHARGE OF ABOUT $10 MILLION FOR SEVERANCE AND RELATED EXPENSES.PULTEGROUP INC - AFTER AN INITIAL SIGNIFICANT CONTRACTION IN HOUSING DEMAND, RECENT SALES TRENDS HAVE BEEN MORE ENCOURAGING.PULTEGROUP INC - WEEKLY NET NEW ORDERS WENT FROM ABOUT 140 HOMES IN LAST WEEK OF MARCH TO ALMOST 400 HOMES IN FINAL FULL WEEK OF APRIL.PULTEGROUP INC - NET NEW ORDERS FOR MONTH OF APRIL WERE STILL DOWN APPROXIMATELY 50% FROM PRIOR YEAR.

Pultegroup Says Seeing Minimal Cancellation From Most Buyers - Conf Call

April 23 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP SAYS POSTPONING PURCHASING LAND PARCELS CURRENTLY UNDER CONTRACT- CONF CALL.PULTEGROUP SAYS SEEING MINIMAL CANCELLATION FROM MOST BUYERS- CONF CALL.PULTEGROUP SAYS MARCH 2020 ORDERS FELL 11% VERSUS A YEAR AGO- CONF CALL.PULTEGROUP SAYS CO IS LEVERAGING TECHNOLOGY TO ENABLE VIRTUAL INTERACTIONS WITH HOMEBUYERS.PULTEGROUP SAYS HOMEBUYERS ARE WALKING COMPUTER GENERATED FLOOR PLANS AND PICKING A LOT ON CO’S INTERACTIVE COMMUNITY MAPS AND APPLYING FOR MORTGAGE.PULTEGROUP SAYS OPERATIONS OF PULTE MORTGAGE HAVE CONTINUED WITH MINIMAL INTERRUPTION.PULTEGROUP SAYS MAJORITY OF BUYERS IN CO’S BACKLOG MADE A BUYING DECISION PRIOR TO COVID-19, AND MOST OF THEM ARE READY TO MOVE TO THE CLOSING TABLE.PULTEGROUP SAYS TO DATE SOLD 900 HOMES IN APRIL THROUGH VIRTUAL TRANSACTIONS.PULTEGROUP SAYS THROUGH THE FIRST 3 WEEKS OF APRIL, CO HAD 360 BACKLOG UNITS CANCELED, WHICH REPRESENTS 3% OF HOMES IN BACKLOG.PULTEGROUP SAYS BUYER DESIRE TO OWN A HOME IS HOLDING STRONG, AND THERE HASN’T BEEN A LOT OF DISCOUNTING ON THE HOME PRICING.PULTEGROUP SAYS "UNDERLYING TREND IS THAT BUYER TRAFFIC TO OUR WEBSITE, AND IN TURN, OUR COMMUNITIES HAS DECREASED MATERIALLY".

PulteGroup Says Withdrawing Previous Guidance For 2020 Financial Results

April 23 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP, INC. REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS.Q1 EARNINGS PER SHARE $0.74.Q1 EARNINGS PER SHARE ESTIMATE $0.70 -- REFINITIV IBES DATA.COMPANY PROVIDES UPDATE ON COVID-19 IMPACT AND RESPONSE STRATEGIES.QTRLY CLOSINGS INCREASED 16% TO 5,373 HOMES.QTRLY NET NEW ORDERS INCREASED 16% TO 7,495 HOMES; NET NEW ORDER VALUE INCREASED 19% TO $3.3 BILLION.QUARTER-END UNIT BACKLOG HIGHER BY 20% TO 12,629 HOMES; BACKLOG VALUE INCREASED 21% TO $5.6 BILLION.WITHDRAWING OUR PREVIOUS GUIDANCE FOR PULTEGROUP'S 2020 FINANCIAL RESULTS.HOME SALE REVENUES FOR Q1 INCREASED 14% TO $2.2 BILLION.EXPERIENCED A MATERIAL SLOWDOWN IN CONSUMER TRAFFIC AND SALES ACTIVITY BEGINNING IN MID-MARCH.TAKEN STEPS TO CLOSELY MANAGE CASH FLOWS AND OVERALL LIQUIDITY.ENDED QUARTER WITH $1.9 BILLION OF CASH.ELECTED TO DRAW ON REVOLVING CREDIT AGREEMENT IN AN ABUNDANCE OF CAUTION.ELECTED TO SUSPEND ALL STOCK REPURCHASE ACTIVITIES.QTRLY TOTAL REVENUE $2.29 BILLION VERSUS ABOUT $2 BILLION.Q1 REVENUE VIEW $2.31 BILLION -- REFINITIV IBES DATA.

PulteGroup Sees Full Year 2020 Deliveries Between 25,500 And 26,250 Homes - Conf Call

Jan 28 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP SEES Q1 DELIVERIES BETWEEN 5,300 AND 5,500 HOMES - CONF CALL.PULTEGROUP SEES Q1 AVERAGE SALES PRICE OF CLOSINGS BETWEEN $410,000 AND $415,000 - CONF CALL.PULTEGROUP SEES Q1 GROSS MARGIN IN THE RANGE OF 23.0% TO 23.3%.PULTEGROUP SEES FULL YEAR 2020 DELIVERIES BETWEEN 25,500 AND 26,250 HOMES.PULTEGROUP SEES FULL YEAR 2020 AVERAGE SALES PRICE OF CLOSINGS BETWEEN $415,000 AND $420,000.PULTEGROUP SEES FULL YEAR 2020 GROSS MARGINS IN THE RANGE OF 23.0% TO 23.4%.PULTEGROUP EXEC SAYS CO DELIVERED MORE HOMES THAN EXPECTED IN CALIFORNIA, WHERE PRICING WAS UNDER PRESSURE MUCH OF THE YEAR.PULTEGROUP EXEC SAYS IN 2020, CO EXPECTS TOTAL LAND SPEND TO INCREASE TO ABOUT $3.2 BILLION.PULTEGROUP CEO - "I WOULD CAUTIOUSLY HIGHLIGHT THAT NORTHERN CALIFORNIA APPEARS TO BE FINDING ITS FOOTING AFTER A TOUGH 12-PLUS MONTHS".PULTEGROUP CEO - "WE ARE OPTIMISTIC THAT A GOOD MACROECONOMIC BACKDROP AND BETTER AFFORDABILITY SHOULD KEEP BUYER INTEREST HIGH IN THE YEAR AHEAD".PULTEGROUP EXEC SAYS CO HAS SEEN PRICING GET A BIT FIRMER IN CALIFORNIA AND A LITTLE MORE VOLUME IN THE REGION.

PulteGroup Reports Q4 Adj EPS Of $1.14

Jan 28 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP REPORTS FOURTH QUARTER 2019 FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.14.Q4 EARNINGS PER SHARE $1.22.Q4 EARNINGS PER SHARE ESTIMATE $1.09 -- REFINITIV IBES DATA.UNIT BACKLOG UP 20% TO 10,507 HOMES AT THE END OF QUARTER.NET NEW ORDERS INCREASED 33% TO 5,691 HOMES IN Q4.: QTRLY HOME SALE REVENUES INCREASED 1% TO $2.9 BILLION.CEO SAYS CO WELL POSITIONED TO INCREASE DELIVERY VOLUMES, REVENUES, HOMEBUILDING GROSS MARGINS AND EARNINGS IN 2020.QTRLY TOTAL REVENUE $3.02 BILLION VERSUS $ 3.00 BILLION.Q4 REVENUE VIEW $2.98 BILLION -- REFINITIV IBES DATA.PULTEGROUP - DEMAND FOR NEW HOMES IS BENEFITTING FROM FAVORABLE MARKET DYNAMICS INCLUDING IMPROVED AFFORDABILITY IN PART DUE TO LOW MORTGAGE RATES.

Pultegroup Acquires Innovative Construction Group

Jan 28 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP ACQUIRES INNOVATIVE CONSTRUCTION GROUP, LEADING OFF-SITE SOLUTIONS PROVIDER.PULTEGROUP INC - TERMS OF TRANSACTION WERE NOT DISCLOSED.

PulteGroup Increases Quarterly Cash Dividend By 9% To $0.12 Per Share

Dec 5 (Reuters) - PulteGroup Inc <PHM.N>::PULTEGROUP INCREASES QUARTERLY CASH DIVIDEND BY 9% TO $0.12 PER SHARE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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