A correction may be in store for PulteGroup Inc. (NYSE:PHM) shares?

After finishing at $67.42 in the prior trading day, PulteGroup Inc. (NYSE: PHM) closed at $65.69, down -2.57%. In other words, the price has decreased by -$1.73 from its previous closing price. On the day, 4263761 shares were traded. PHM stock price reached its highest trading level at $66.43 during the session, while it also had its lowest trading level at $65.16.

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Our goal is to gain a better understanding of PHM by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.26 whereas as Long-Term Debt/Eq ratio is at 0.22.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 28 when OShaughnessy Robert sold 115,102 shares for $66.90 per share. The transaction valued at 7,700,094 led to the insider holds 177,564 shares of the business.

ANDERSON BRIAN P sold 15,000 shares of PHM for $1,004,235 on Apr 28. The Director now owns 55,886 shares after completing the transaction at $66.95 per share. On Apr 27, another insider, MARSHALL RYAN, who serves as the Chief Exec Officer, President of the company, sold 98,000 shares for $65.27 each. As a result, the insider received 6,396,852 and left with 645,574 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PHM now has a Market Capitalization of 14.57B and an Enterprise Value of 15.66B. As of this moment, PulteGroup’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.61, and their Forward P/E ratio for the next fiscal year is 7.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 0.94 whereas that against EBITDA is 4.33.

Stock Price History:

Over the past 52 weeks, PHM has reached a high of $70.54, while it has fallen to a 52-week low of $35.03. The 50-Day Moving Average of the stock is 62.15, while the 200-Day Moving Average is calculated to be 49.61.

Shares Statistics:

The stock has traded on average 2.92M shares per day over the past 3-months and 2.75M shares per day over the last 10 days, according to various share statistics. A total of 225.13M shares are outstanding, with a floating share count of 221.50M. Insiders hold about 0.76% of the company’s shares, while institutions hold 94.30% stake in the company. Shares short for PHM as of Apr 27, 2023 were 8.08M with a Short Ratio of 8.08M, compared to 7.23M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.62% and a Short% of Float of 4.14%.

Dividends & Splits

In the trailing 12 months, PHM’s forward annual dividend rate was 0.61, compared to 0.64 this year. Against a Trailing Annual Dividend Yield of 0.90%, it implies a Forward Annual Dividend Yield of 0.95%. The stock’s 5-year Average Dividend Yield is 1.24. The current Payout Ratio is 5.50% for PHM, which recently paid a dividend on Jul 04, 2023 with an ex-dividend date of Jun 15, 2023. Stock splits for the company last occurred on Sep 01, 2005 when the company split stock in a 2:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $2.43 for the current quarter, with a high estimate of $2.58 and a low estimate of $1.99, while EPS last year was $2.73. The consensus estimate for the next quarter is $2.18, with high estimates of $2.73 and low estimates of $1.87.

Analysts are recommending an EPS of between $9.76 and $8.87 for the fiscal current year, implying an average EPS of $9.31. EPS for the following year is $9.07, with 15 analysts recommending between $10.88 and $7.04.

Revenue Estimates

9 analysts predict $3.85B in revenue for the current quarter. It ranges from a high estimate of $3.94B to a low estimate of $3.26B. As of the current estimate, PulteGroup Inc.’s year-ago sales were $3.93B, an estimated decrease of -2.10% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $3.72B, a decrease of -10.60% less than the figure of -$2.10% in the same quarter last year. There is a high estimate of $4.61B for the next quarter, whereas the lowest estimate is $3.29B.

A total of 10 analysts have provided revenue estimates for PHM’s current fiscal year. The highest revenue estimate was $15.29B, while the lowest revenue estimate was $14.39B, resulting in an average revenue estimate of $15.01B. In the same quarter a year ago, actual revenue was $16.23B, down -7.50% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $14.71B in the next fiscal year. The high estimate is $17.22B and the low estimate is $12.32B. The average revenue growth estimate for next year is down -2.00% from the average revenue estimate for this year.