PulteGroup Continues to Invest in the Future Despite Possibility of Slowing Revenue Growth in 2018
PulteGroup reported solid fourth-quarter results, with total revenue increasing 12% year over year and adjusted EPS increasing nearly 27% to $0.85 per share; however, EPS growth was aided by about an 11% reduction in the weighted average share count. Both revenue and adjusted EPS were in line with consensus estimates. While we weren’t overly impressed with the no-moat homebuilder’s 2018 guidance for home sale revenue growth and gross profit margin, we don’t expect to materially adjust our fair v...PulteGroup through its subsidiaries is engaged in the homebuilding business. The company also has mortgage banking operations, conducted principally through its susidiary, Pulte Mortgage LLC, and title and insurance brokerage operations. The company's homebuilding business includes the acquisition and development of land primarily for residential purposes within the United States. The company provides a variety of home designs, including single-family detached, townhouses, condominiums, and duplexes at different prices and with varying levels of options and amenities to its customer groups: first-time, move-up, and active adult.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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