PulteGroup Inc (NYSE: PHM) has reported earnings for its third fiscal quarter (ending September 30) of $3.38 versus $2.92 for the same period a year ago. For the latest four quarters through September 30, E.P.S. were $13.66 versus $12.35 for the same period a year ago.
Recent Price Action
PulteGroup Inc (NYSE: PHM) stock suffered a large decline of -7.2% on 10/22/24. The stock closed at $133.81. Moreover, trading volume in this decline was exceptionally high at 209% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.1% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. PulteGroup has a slightly positive Appreciation Score of 69 and a very high Power Rating of 89, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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