On July 25 2023, PULTEGROUP ($NYSE:PHM) announced its earnings results for Q2 of FY2023, which ended on June 30 2023. Revenue was reported as USD 4188.8 million, a 6.7% year-over-year increase, and net income stood at USD 720.3 million, a 10.4% rise from the same period the previous year.
On Tuesday, PULTEGROUP reported its second quarter earnings results for fiscal year 2023. The stock opened at $77.8 and closed at $83.4, marking a 6.2% increase from its previous closing price of $78.5. This marks an increase in both revenue and operating income compared to the same period from last year.
Analysts believe this to be a positive sign for PULTEGROUP in the long-term as the company continues to make strategic investments to increase efficiency and drive growth in future quarters. Investors remain confident in the company’s prospects and outlook for the rest of the fiscal year. PulteGroup_Reports_Q2_Earnings_Results_for_FY2023″>Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Pultegroup. More…
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Cash Flow Snapshot
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pultegroup. More…
Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
Some of the financial key ratios for Pultegroup are shown below. More…
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At GoodWhale, we recently conducted an analysis of PulteGroup‘s fundamentals. Our research indicates that PULTEGROUP is a medium risk investment in terms of financial and business aspects. We detected two risk warnings within PulteGroup’s income sheet and balance sheet, which could have a potential impact on their long-term planning. If you are interested in learning more about this analysis, consider registering with us to check it out. We believe that taking the time to research the risks associated with any investment is essential to making sound decisions. Our team of experts have years of experience in this field and can provide detailed insights into the financial performance of PulteGroup. More…
Risk Rating Analysis
Star Chart Analysis
PulteGroup Inc is one of the largest homebuilders in the United States. The company’s competitors include D.R. Horton Inc, Lennar Corp, and Beazer Homes USA Inc.
– D.R. Horton Inc ($NYSE:DHI)
D.R. Horton Inc is a homebuilding company that operates in 84 markets across 26 states in the United States. The company is engaged in the construction and sale of single-family detached homes, townhomes, and condominiums. It also provides mortgage financing and title services for homebuyers through its subsidiaries. As of March 31, 2021, the company had a market capitalization of $26.2 billion and a return on equity of 25.97%.
D.R. Horton was founded in 1978 and is headquartered in Fort Worth, Texas. The company operates through its Homebuilding and Financial Services segments. The Homebuilding segment acquires and develops land, and constructs and sells homes in 27 states across the United States. The Financial Services segment provides mortgage financing, title insurance, and closing services for homebuyers in its homebuilding markets.
Lennar Corp is a leading homebuilder in the United States. The company has a market capitalization of $22.33 billion as of 2022 and a return on equity of 18.78%. Lennar Corp is engaged in the business of homebuilding, land development, and related activities through its subsidiaries. The company builds and sells a variety of homes, including single-family detached homes, townhomes, and condominiums. It also provides a range of homebuilding-related financial services, such as mortgage financing, title insurance, and home warranty services.
– Beazer Homes USA Inc ($NYSE:BZH)
Beazer Homes USA Inc is a homebuilding company that operates in the United States. The company is engaged in the design, construction, and sale of single-family homes. As of 2022, Beazer Homes USA Inc had a market capitalization of $345.59 million and a return on equity of 15.8%. The company’s primary business is the construction and sale of single-family homes. Beazer Homes USA Inc also engages in the construction of multi-family homes and the development of land for homebuilding.
PulteGroup reported strong earnings for the second quarter of FY2023, with total revenue up 6.7% year-over-year and net income increasing 10.4%. This was reflected in the stock price, which saw an immediate uptick in response to the news. Investors can consider the company’s strong performance when making investing decisions, as PulteGroup is showing consistent and promising growth in both its revenue and income. Furthermore, the company’s cash flow has been increasing steadily over the past several quarters, meaning there is potential for further upside.