PulteGroup (PHM) PT Lowered to $28 at Mizuho Securities Following 3Q Report
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PulteGroup Reports Third Quarter 2018 Financial Results
October 23, 2018 6:30 AM EDTRevenue and Margin Gains Drive 74% Increase in Net Income to $1.01 Per Share Closings Increased 17% to 6,031 Homes Home Sale Revenues Increased 25% to $2.6 Billion Gross Margin Increased 10 Basis Points to 24.0% SG&A Decreased 180 Basis Points to 9.8% of Home Sale Revenues Operating Margin Expanded 190 Basis Points to 14.2% Net New Orders Increased 1% to 5,350; Value of Net New Orders Increased 1% to $2.3 Billion Unit Backlog Up 3% to 11,164 Homes; Backlog Value Increased 5% to $4.9... More
