PulteGroup: Margins Are A Concern In A Mixed Q3 (Downgrade) [Seeking Alpha]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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US:NYSE Investor Relations:
pultegroupinc.com/investors/investor-overview/default.aspx
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Source: Seeking Alpha
9min Summary PulteGroup shares fell 7% after Q3 earnings amid fears of rising mortgage rates despite Fed cuts could reduce housing demand. Q3 EPS beat estimates, but new orders fell 0.5% while increased incentives and higher SG&A expenses pressured margins. Pulte's backlog supports current production, but higher land spending and Florida's weak performance pose risks. Despite challenges, strong cash flow and low debt make Pulte a hold, with a revised price target of $140. krblokhin/iStock Editorial via Getty Images Shares of PulteGroup ( NYSE: PHM ) plunged 7% on Tuesday after reporting disappointing Q3 earnings. The Federal Reserve's 50bp rate cut has not provided the hoped-for boost to the housing sector, with mortgage rates actually higher since then, given This article was written by Seeking Profits 4.18K Follower s Follow Over fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized
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News
- Why Is PulteGroup (PHM) Down 3.8% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Does PulteGroup (NYSE:PHM) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Here is What to Know Beyond Why PulteGroup, Inc. (PHM) is a Trending Stock [Yahoo! Finance]Yahoo! Finance
- PulteGroup Rewards Investors With 10% Dividend Hike: Will It Sustain? [Yahoo! Finance]Yahoo! Finance
- Here's Why PulteGroup (PHM) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
PHM
Earnings
- 10/22/24 - Beat
PHM
Sec Filings
- 11/21/24 - Form SCHEDULE
- 10/31/24 - Form SCHEDULE
- 10/25/24 - Form 4
- PHM's page on the SEC website