PHM Stock Recent News

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.

LPX, TREX, STRL, PHM and WY from the Zacks Construction sector are set to beat analysts' expectations amid high rates, inflationary pressure and labor woes.

PHM's fourth-quarter 2024 results are likely to reflect growth in home closings. Affordability challenges and higher incentives are likely to have impacted margins.

A mostly challenging outlook for home builders caused analysts to reshuffle ratings on most of the big names in the sector on Monday.

PulteGroup (PHM) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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