Raymond James Downgrades PulteGroup (PHM) to Market Perform

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Go back to Raymond James Downgrades PulteGroup (PHM) to Market Perform

PulteGroup, Inc. Reports First Quarter 2016 Financial Results

April 21, 2016 6:31 AM EDT

ATLANTA, April 21, 2016 /PRNewswire/ -- PulteGroup, Inc. (NYSE: PHM) announced today financial results for its first quarter ended March 31, 2016.  For the quarter, the Company reported net income of $83 million, or $0.24 per share, compared with prior year net income of $55 million, or $0.15 per share.

"PulteGroup has gotten off to a strong start in 2016, with increased investment driving growth in the business as the value of net new orders increased 24% to $2.1 billion and our backlog expanded by 31% to $3.4 billion," said Richard J. Dugas, Jr., Chairman and CEO of PulteGroup.  "We continued to deliver... More