US has 'structural shortage' of millions of homes, PulteGroup CEO says [Yahoo! Finance]
PulteGroup, Inc. (PHM)
Last pultegroup, inc. earnings: 4/23 06:30 am
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Source: Yahoo! Finance
“After more than a decade of underbuilding, it is estimated that our country has a structural shortage of several million homes,” PulteGroup CEO Ryan Marshall said in a press release. “Our strong financial performance reflects both favorable demand conditions and our balanced operating model that allows us to more effectively meet the individual needs of first-time, move-up and active-adult consumers." The comments came as the company reported first quarter results that beat Wall Street estimates, sending its stock up as much as 4%. PHM reported first-quarter earnings per share of $3.10 a share on revenue of $3.95 billion. Wall Street analysts had expected EPS of $2.36 a share on revenue of $3.58 billion. High interest rates have largely kept both homebuyers and sellers on the sidelines, and investors have scaled back bets the Federal Reserve will cut rates as quickly as initially projected at the start of the year. The average rate on a 30-year fixed loan topped 7% last week
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PHM
News
- PulteGroup: Strong Q1 And Excellent Balance Sheet Make Shares Attractive [Seeking Alpha]Seeking Alpha
- PulteGroup, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- What Makes PulteGroup (PHM) a New Strong Buy Stock [Yahoo! Finance]Yahoo! Finance
- PulteGroup, Inc. (NYSE: PHM) had its "outperform" rating re-affirmed by analysts at Raymond James. They now have a $135.00 price target on the stock, up previously from $120.00.MarketBeat
- Are Construction Stocks Lagging PulteGroup (PHM) This Year? [Yahoo! Finance]Yahoo! Finance
PHM
Earnings
- 4/23/24 - Beat
PHM
Sec Filings
- 4/23/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 3/22/24 - Form ARS
- PHM's page on the SEC website