Does Earnings Surprise History Hold Any Clue for PulteGroup (NYSE:OFG)

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Earnings results for PulteGroup (NYSE:OFG)

OFG Bancorp is expected* to report earnings on 10/23/2020 before market open. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 0 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.31. The reported EPS for the same quarter last year was $0.48.

OFG Bancorp last issued its quarterly earnings results on July 24th, 2020. The bank reported $0.39 EPS for the quarter, topping the consensus estimate of $0.20 by $0.19. The business had revenue of $128.17 million for the quarter, compared to the consensus estimate of $128.60 million. OFG Bancorp has generated $1.62 earnings per share over the last year and currently has a price-to-earnings ratio of 33.9. OFG Bancorp has confirmed that its next quarterly earnings report will be published on Friday, October 23rd, 2020.

Analyst Opinion on PulteGroup (NYSE:OFG)

Dividend Strength: PulteGroup (NYSE:OFG)

OFG Bancorp pays a meaningful dividend of 1.87%, higher than the bottom 25% of all stocks that pay dividends. OFG Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of OFG Bancorp is 17.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG Bancorp will have a dividend payout ratio of 13.27% next year. This indicates that OFG Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: PulteGroup (NYSE:OFG)

In the past three months, OFG Bancorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $299,933.00 in company stock and sold $0.00 in company stock. Only 2.49% of the stock of OFG Bancorp is held by insiders. 91.30% of the stock of OFG Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of PulteGroup (NYSE:OFG

Earnings for OFG Bancorp are expected to grow by 80.34% in the coming year, from $1.17 to $2.11 per share. The P/E ratio of OFG Bancorp is 33.89, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of OFG Bancorp is 33.89, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.24. OFG Bancorp has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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