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PulteGroup Inc (PHM.N)

PHM.N on New York Stock Exchange

44.61USD
25 Nov 2020
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$0.63 (+1.43%)
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Latest Key Developments (Source: Significant Developments)

PulteGroup Says Getting Enough Building Permits During Pandemic Has Been A Problem - Conf Call
Thursday, 22 Oct 2020 

Oct 22 (Reuters) - PulteGroup Inc ::PULTEGROUP SAYS RAISING 2020 HOME DELIVERIES OUTLOOK - CONF CALL.PULTEGROUP SAYS Q4 DELIVERIES TO FEEL THE IMPACT OF HIGHER LUMBER COSTS - CONF CALL.PULTEGROUP SAYS HAS TAKEN THE OPPORTUNITY TO RAISE PRICES ACROSS MOST OF ITS COMMUNITIES GIVEN THE POSITIVE SUPPLY AND DEMAND ENVIRONMENT.PULTEGROUP SAYS NOW EXPECT 2020 HOMES DELIVERIES BETWEEN 24350-24650 HOMES.PULTEGROUP SAYS EXPECTS Q4 HOME DELIVERIES BETWEEN 6600 AND 6900 UNITS.PULTEGROUP SAYS HAS REINSTATED ITS SHARE REPURCHASE PROGRAM BEGINNING IN THE FOURTH QUARTER.PULTEGROUP CEO SAYS Q3 ORDER PACE CONTINUES TO BE STRONG IN EARLY WEEKS OF OCTOBER.PULTEGROUP SAYS EXPECTS Q4 AVERAGE CLOSING PRICE BETWEEN $440,000 AND $450,000 PER HOME.PULTEGROUP SAYS SEPTEMBER ORDERS WERE MODESTLY HURT DUE TO ACTIONS TAKEN TO MANAGE PROJECTED HOME PRODUCTION WITH A VIEW TOWARDS MEETING CUSTOMER EXPECTATIONS.PULTEGROUP SAYS EXPECT Q4 GROSS MARGIN TO BE CONSISTENT WITH THE 24.5% IN Q3.PULTEGROUP SAYS HAS REINSTATED NEARLY ALL THE EMPLOYEES CO FURLOUGHED.PULTEGROUP SAYS LABOR IS TIGHT HEADING INTO 2021.PULTEGROUP SAYS ONE OF THE PROBLEMS IN STARTING MORE SPECS HAS BEEN GETTING BUILDING PERMITS FROM MUNICIPALITIES DURING CORONAVIRUS CRISIS.  Full Article

Pultegroup Reports Third Quarter 2020 Earnings Per Share $1.54
Thursday, 22 Oct 2020 

Oct 22 (Reuters) - Pultegroup Inc ::PULTEGROUP REPORTS THIRD QUARTER 2020 FINANCIAL RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $1.34.Q3 EARNINGS PER SHARE $1.54.Q3 EARNINGS PER SHARE ESTIMATE $1.12 -- REFINITIV IBES DATA.UNIT BACKLOG INCREASED 29% TO 14,962 HOMES AT QUARTER END.QTRLY NET NEW ORDERS INCREASED 36% TO 8,202 HOMES.BACKLOG HOMES VALUE INCREASED 32% TO $6.6 BILLION AT QUARTER END.QTRLY HOME SALE REVENUES INCREASED 7% TO $2.8 BILLION.QTRLY NET NEW ORDER VALUE INCREASED 43% TO $3.6 BILLION.QTRLY TOTAL REVENUE $2.95 BILLION VERSUS $2.71 BILLION.Q3 REVENUE VIEW $2.73 BILLION -- REFINITIV IBES DATA.  Full Article

PulteGroup Reports Q4 Adj EPS Of $1.14
Tuesday, 28 Jan 2020 

Jan 28 (Reuters) - PulteGroup Inc ::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.  Full Article

PulteGroup Announces $500 Mln Increase To Share Repurchase Authorization
Friday, 17 May 2019 

May 16 (Reuters) - PulteGroup Inc ::PULTEGROUP ANNOUNCES $500 MILLION INCREASE TO SHARE REPURCHASE AUTHORIZATION AND A TENDER FOR UP TO $300 MILLION OF ITS 4.250% SENIOR NOTES DUE 2021.PULTEGROUP INC - AS OF MAY 15, 2019, THERE WAS $262 MILLION REMAINING UNDER CURRENT PLAN.PULTEGROUP INC - COMPANY'S SHARE REPURCHASE AUTHORIZATION NOW TOTALS APPROXIMATELY $762 MILLION.PULTEGROUP INC - EXPECT TO INVEST ABOUT $2.9 BILLION, INCLUSIVE OF RECENTLY CLOSED DEAL WITH AMERICAN WEST, IN LAND ACQUISITION AND DEVELOPMENT IN 2019.  Full Article

PulteGroup Sees Q2 Deliveries Between 5,400 Homes To 5,700 Homes - Conf Call
Tuesday, 23 Apr 2019 

April 23 (Reuters) - PulteGroup Inc ::PULTEGROUP CEO SAYS "WE ARE EXPERIENCING A VERY TYPICAL SEASONAL UPSWING AND ARE GENERALLY ENCOURAGED BY THE LEVEL OF BUYER ACTIVITY THAT WE'RE SEEING" - CONF CALL.PULTEGROUP CEO SAYS CO'S TRANSITION TO A LARGER PERCENT OF LOWER-PRICED, FIRST-TIME BUYER LOTS AND RECENT DECLINE IN MORTGAGE RATES CAN HELP SOLVE SOME AFFORDABILITY CHALLENGES TODAY'S HOMEBUYERS ARE FACING.PULTEGROUP CEO SAYS "REAL OPPORTUNITY LIES IN LOWERING HOUSE COSTS, NOT JUST FOR FIRST-TIME BUYERS, BUT ACROSS OUR ENTIRE PLANNED PORTFOLIO".PULTEGROUP SEES Q2 DELIVERIES TO BE IN THE RANGE OF 5,400 HOMES TO 5,700 HOMES.PULTEGROUP SEES Q2 AVERAGE SALES PRICE PER HOME TO BE IN THE RANGE OF $430,000 TO $435,000.PULTEGROUP SEES Q2 GROSS MARGINS TO BE IN THE RANGE OF 22.8 PERCENT TO 23.3 PERCENT.PULTEGROUP CFO SAYS CO DIDN'T DISCOUNT QUITE AS MUCH; DISCOUNT RATE UP ABOUT 80 BASIS POINTS YOY, WHICH IS JUST UNDER $4,000.PULTEGROUP CEO SAYS CO TO GIVE FULL YEAR FORECAST AT THE END OF Q2.  Full Article

PulteGroup Inc Reports Q1 Earnings Per Share Of $0.59
Tuesday, 23 Apr 2019 

April 23 (Reuters) - PulteGroup Inc ::PULTEGROUP INC REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 EARNINGS PER SHARE $0.59.Q1 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA.QUARTER-END UNIT BACKLOG OF 10,550 HOMES VALUED AT $4.6 BILLION.QTRLY NET NEW ORDERS TOTALED 6,463 HOMES VALUED AT $2.7 BILLION.QUARTER-END CLOSINGS OF 4,635 HOMES WITH AN AVERAGE SALES PRICE OF $421,000.QTRLY HOME SALE REVENUES GAINED 2% TO $1.9 BILLION.QTRLY TOTAL REVENUES $2 BILLION VERSUS $1.97 BILLION.COMPANY ENDED Q1 WITH A BACKLOG OF 10,550 HOMES VALUED AT $4.6 BILLION.Q1 EARNINGS PER SHARE VIEW $0.47 -- REFINITIV IBES DATA.Q1 REVENUE VIEW $1.93 BILLION -- REFINITIV IBES DATA."GIVEN VERY POSITIVE MACROECONOMIC BACKDROP, WE CONTINUE TO MAINTAIN A CONSTRUCTIVE VIEW ON OVERALL HOUSING CYCLE".PULTEGROUP - "HELPED BY RECENT DECLINE IN MORTGAGE RATES, HOMEBUYERS HAVE BEEN STEADILY RETURNING TO MARKET AFTER PERIOD OF SLOWING DEMAND".PULTEGROUP - "WE VIEW SIGNIFICANT INCREASE IN CONSUMER TRAFFIC INTO OUR COMMUNITIES AS AN IMPORTANT INDICATOR OF OVERALL HEALTH OF HOUSING INDUSTRY.".  Full Article

PulteGroup Sees Q1 Gross Margins Between 22 Pct - 22.5 Pct - Conf Call
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - PulteGroup Inc ::PULTEGROUP CEO SAYS LATEST NUMBERS REFLECT "AN OUTSTANDING SPRING SELLING SEASON FOLLOWED BY AN INDUSTRY-WIDE SOFTENING OF DEMAND BEGINNING LATE IN Q2" - CONF CALL.PULTEGROUP CEO - "RISE IN INTEREST RATES MAY BE BETTER VIEWED AS THE PROVERBIAL FINAL STRAW, RATHER THAN A TRIGGER AS IT CAME ON TOP OF SEVERAL YEARS OF HOME PRICE APPRECIATION AND GROWING AFFORDABILITY CHALLENGES".PULTEGROUP SAYS ON A PER STORE BASIS, TRAFFIC WAS LOWER IN OCTOBER AND NOVEMBER COMPARED WITH LAST YEAR, BUT THE TRENDS TURNED POSITIVE IN DECEMBER.PULTEGROUP CEO ON 2019 - THERE IS LESS CERTAINTY ABOUT DEMAND HEADING INTO THIS SPRING SELLING SEASON THAN THE INDUSTRY HAS EXPERIENCED IN A NUMBER OF YEARS.PULTEGROUP CEO - "IT IS WORTH HIGHLIGHTING THAT WE REMAIN CONSTRUCTIVE ON THE MARKET".PULTEGROUP CFO SAYS CO EXPERIENCED SOFTER DEMAND DURING Q4 RELATIVE TO THE SAME PERIOD LAST YEAR AND TO Q3 THIS YEAR ON A SEASONALLY ADJUSTED BASIS.PULTEGROUP CEO EXPECTS MORE STABLE DEMAND IN 2019 AS THE BROADER OPERATING ENVIRONMENT REMAINS STRONG WITH GROWING ECONOMY AND JOBS.PULTEGROUP SAYS SG&A FOR Q4 REFLECTS MODEST INCREASES IN INCENTIVE COMPENSATION AND SALES COMMISSIONS.PULTEGROUP CFO SAYS SALES DISCOUNTS IN Q4 CAME IN JUST UNDER $15,000 PER HOME OR ABOUT 3.3 PERCENT OF AVERAGE SALES PRICE.PULTEGROUP SEES Q1 2019 DELIVERIES TO BE BETWEEN 4,300 - 4,600 HOMES WITH AN AVERAGE SALES PRICE OF ABOUT $420,000.PULTEGROUP SEES Q1 GROSS MARGINS IN THE RANGE OF 22 PERCENT TO 22.5 PERCENT.  Full Article

UPDATE 2-PulteGroup profit beats estimates on strong demand for homes

Oct 22 U.S. homebuilder PulteGroup Inc on Thursday reported a higher-than-expected quarterly profit, as record-low mortgage rates encouraged more Americans to buy homes, sending its shares up 2% in premarket trading.