PHM Stock Recent News

PulteGroup, Inc. reported a strong Q4 with a 17.2% revenue increase, driven by higher home closings and average selling prices. Despite margin pressures, PulteGroup's administrative expenses improved significantly, contributing to strong income growth. New orders dipped slightly, but the value of these orders rose 4%, and the backlog remains robust at 10,153 homes valued at $6.5 billion.

PHM's fourth-quarter 2024 results reflect solid housing demand trends despite elevated mortgage rates. Tune in to learn about the stock's quarterly earnings.

PulteGroup Inc. (NYSE:PHM ) Q4 2024 Earnings Conference Call January 30, 2025 8:30 AM ET Company Participants Robert O'Shaughnessy - Executive Vice President & Chief Financial Officer Ryan Marshall - President & Chief Executive Officer Jim Ossowski - Incoming Executive Vice President & Chief Financial Officer Conference Call Participants John Lovallo - UBS Carl Reichardt - BTIG Stephen Kim - Evercore ISI Alan Ratner - Zelman & Associates Michael Rehaut - JPMorgan Trevor Allinson - Wolfe Research Matthew Bouley - Barclays Rafe Jadrosich - Bank of America Operator Good morning ladies and gentlemen and thank you for standing by. My name is Kelvin [ph] and I will be your conference operator today.

The headline numbers for PulteGroup (PHM) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

PulteGroup (PHM) came out with quarterly earnings of $3.50 per share, beating the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $3.28 per share a year ago.

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today that its Board of Directors has approved a $1.5 billion increase to the Company's share repurchase authorization. This increase brings the Company's remaining share repurchase authorization to $2.1 billion. “Following another year of record earnings and strong cash flows from operations, we are increasing our share repurchase authorization by $1.5 billion,” said Ryan Marshall, PulteGroup President and CEO. “This latest incre.

ATLANTA--(BUSINESS WIRE)--PulteGroup, Inc. (NYSE: PHM) announced today financial results for its fourth quarter ended December 31, 2024. For the quarter, the Company reported net income of $913 million, or $4.43 per share. Reported net income includes a pre-tax insurance benefit of $255 million, or $0.93 per share. In the prior year period, the Company reported net income of $711 million, or $3.28 per share, inclusive of a pre-tax insurance benefit of $65 million, or $0.23 per share. “PulteGrou.

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Homebuilder stocks are trading at low multiples despite consensus estimates predicting 22%-82% earnings growth by 2028, indicating potential undervaluation. The U.S. housing market faces an affordability crisis, but long-term undersupply and strong fundamentals make homebuilders attractive investments. Homebuilders have improved margins, low debt, and strong free cash flow, positioning them well for future growth and share buybacks.

Beyond analysts' top -and-bottom-line estimates for PulteGroup (PHM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.