NEW YORK (TheStreet) -- PulteGroup (PHM) - Get Report stock is lower by 6.53% to $18.18 in early afternoon trading on Thursday, after the company released its earnings results for the third quarter of 2015. 

The Atlanta-based homebuilder reported earnings of 30 cents per share for the most recent quarter, down from 37 cents per share for the year ago period. Earnings included $9 million of net charges related to litigation from reserve adjustments.

Revenue fell to $1.46 billion from $1.55 billion in the 2014 third quarter. 

Analysts had expected PulteGroup to post earnings of 43 cents per share on revenue of $1.77 billion for the quarter.

"PulteGroup's third quarter results demonstrate our continued focus on delivering higher returns on invested capital over the housing cycle as we realized an improved sales pace while expanding gross margins," CEO Richard J. Dugas, Jr., said in a statement. 

Separately, TheStreet Ratings team rates PULTEGROUP INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

We rate PULTEGROUP INC (PHM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

You can view the full analysis from the report here: PHM

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