For its second fiscal quarter (ending June 30), PulteGroup Inc (NYSE: PHM) has reported a 20% increase in E.P.S. from $3.23 a year ago to $3.86 in the current quarter. This performance was $0.57 better than the consensus estimate of $3.29. E.P.S. were $13.21 for the latest four quarters through June 30 versus $12.14 for the same period a year ago — an increase of 9%.
Recent Price Action
PulteGroup Inc (NYSE: PHM) stock rose slightly by 0.02% on 7/23/24. The stock closed at $125.67. Moreover, trading volume in this advance was unusually high at 187% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 8.1% during the last week.
Current PriceTarget Research Rating
PHM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
PulteGroup has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PulteGroup has a good Appreciation Score of 75 and a very high Power Rating of 93, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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