Wedbush Has Pessimistic Outlook of PulteGroup Q1 Earnings

PulteGroup, Inc. (NYSE:PHM) – Equities researchers at Wedbush dropped their Q1 2026 EPS estimates for PulteGroup in a note issued to investors on Tuesday, October 21st. Wedbush analyst J. Mccanless now expects that the construction company will post earnings of $2.26 per share for the quarter, down from their prior forecast of $2.35. Wedbush has a “Outperform” rating and a $150.00 price objective on the stock. The consensus estimate for PulteGroup’s current full-year earnings is $12.32 per share. Wedbush also issued estimates for PulteGroup’s Q3 2026 earnings at $2.98 EPS, FY2026 earnings at $11.37 EPS, Q1 2027 earnings at $2.52 EPS, Q2 2027 earnings at $3.09 EPS, Q3 2027 earnings at $3.37 EPS and FY2027 earnings at $12.73 EPS.

PulteGroup (NYSE:PHM) last issued its earnings results on Tuesday, October 21st. The construction company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.86 by $0.10. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.31 billion. PulteGroup had a net margin of 14.93% and a return on equity of 19.77%. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.35 EPS.

PHM has been the subject of a number of other research reports. Royal Bank Of Canada increased their price target on PulteGroup from $109.00 to $112.00 and gave the company a “sector perform” rating in a report on Wednesday, July 23rd. Citigroup raised their price target on shares of PulteGroup from $132.00 to $143.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Zacks Research raised shares of PulteGroup from a “strong sell” rating to a “hold” rating in a report on Friday, August 29th. Raymond James Financial reiterated an “outperform” rating and set a $140.00 price objective (up from $115.00) on shares of PulteGroup in a research note on Wednesday, July 23rd. Finally, Bank of America dropped their target price on shares of PulteGroup from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, PulteGroup currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.67.

PulteGroup Stock Performance

NYSE:PHM opened at $120.10 on Thursday. PulteGroup has a 1-year low of $88.07 and a 1-year high of $142.11. The stock has a market cap of $23.70 billion, a P/E ratio of 9.25, a PEG ratio of 0.36 and a beta of 1.29. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a 50-day moving average of $130.67 and a two-hundred day moving average of $114.06.

Hedge Funds Weigh In On PulteGroup

Several institutional investors have recently modified their holdings of PHM. WPG Advisers LLC acquired a new stake in shares of PulteGroup in the first quarter valued at approximately $25,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of PulteGroup during the 2nd quarter worth about $32,000. Rexford Capital Inc. acquired a new stake in PulteGroup in the second quarter worth approximately $35,000. Private Wealth Management Group LLC lifted its holdings in shares of PulteGroup by 281.7% in the third quarter. Private Wealth Management Group LLC now owns 271 shares of the construction company’s stock valued at $36,000 after buying an additional 200 shares during the period. Finally, Hager Investment Management Services LLC boosted its position in shares of PulteGroup by 33.3% during the 2nd quarter. Hager Investment Management Services LLC now owns 420 shares of the construction company’s stock valued at $44,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 89.90% of the company’s stock.

PulteGroup Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 16th were given a dividend of $0.22 per share. The ex-dividend date was Tuesday, September 16th. This represents a $0.88 dividend on an annualized basis and a yield of 0.7%. PulteGroup’s payout ratio is currently 6.58%.

About PulteGroup

PulteGroup, Inc, through its subsidiaries, primarily engages in the homebuilding business in the United States. It acquires and develops land primarily for residential purposes; and constructs housing on such land. The company also offers various home designs, including single-family detached, townhomes, condominiums, and duplexes under the Centex, Pulte Homes, Del Webb, DiVosta Homes, John Wieland Homes and Neighborhoods, and American West brand names.