PulteGroup Reports Second Quarter 2016 Financial Results, Announces Next Phase Of Value Creation Plan And Adds Three Experienced Executives To Its Board Of Directors

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Go back to PulteGroup Reports Second Quarter 2016 Financial Results, Announces Next Phase Of Value Creation Plan And Adds Three Experienced Executives To Its Board Of Directors

Deutsche Bank Upgrades PulteGroup (PHM) to Buy

July 25, 2016 6:40 AM EDT

Deutsche Bank upgraded PulteGroup (NYSE: PHM) from Hold to Buy with a price target of $27.00 (from $20.00). Last week the company reported Q2 results and announced the next phase of a value creation plan.

Analyst Nishu Sood said, "Pulte's de-emphasis of growth... More

PulteGroup (PHM) Tops Q2 EPS by 2c; Announces Next Phase of Value Creation; Updates on CEO Search

July 21, 2016 6:32 AM EDT

PulteGroup (NYSE: PHM) reported Q2 EPS of $0.34, $0.02 better than the analyst estimate of $0.32. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.66 billion.

Company Announces Next Phase of Value Creation

The Company also announced the next phase of its Value Creation strategy, with plans to drive greater overhead leverage, moderate the growth of future land investment, and increase share repurchase activities consistent with stated capital allocation priorities. These actions build on the highly successful initiatives it launched in 2011 in support of efforts to deliver higher returns on... More