Brokerages forecast that William Lyon Homes (NYSE:WLH) will post $325.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for William Lyon Homes’ earnings. William Lyon Homes reported sales of $258.85 million in the same quarter last year, which would suggest a positive year over year growth rate of 25.6%. The company is scheduled to report its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that William Lyon Homes will report full-year sales of $325.00 million for the current financial year. For the next fiscal year, analysts forecast that the business will report sales of $2.48 billion per share, with estimates ranging from $2.39 billion to $2.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover William Lyon Homes.
William Lyon Homes (NYSE:WLH) last posted its earnings results on Tuesday, February 20th. The construction company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.05. William Lyon Homes had a return on equity of 10.51% and a net margin of 2.68%. The firm had revenue of $624.60 million for the quarter, compared to the consensus estimate of $616.91 million. During the same quarter in the prior year, the business earned $0.60 EPS. The business’s revenue for the quarter was up 32.0% on a year-over-year basis.
A number of analysts have recently commented on WLH shares. Zacks Investment Research raised William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. ValuEngine raised William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Wedbush raised William Lyon Homes from a “neutral” rating to an “outperform” rating and set a $31.00 price target on the stock in a research report on Thursday, February 8th. Citigroup cut William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research report on Thursday, January 4th. Finally, UBS reissued a “neutral” rating and issued a $33.00 price target (up from $30.00) on shares of William Lyon Homes in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
Shares of WLH traded down $0.85 during mid-day trading on Monday, reaching $28.51. The company had a trading volume of 224,053 shares, compared to its average volume of 377,757. The company has a quick ratio of 1.15, a current ratio of 11.14 and a debt-to-equity ratio of 1.20. William Lyon Homes has a 52 week low of $18.85 and a 52 week high of $32.95. The stock has a market cap of $1,147.51, a P/E ratio of 12.90 and a beta of 1.53.
In related news, major shareholder Gmt Capital Corp sold 34,300 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $29.23, for a total value of $1,002,589.00. Following the transaction, the insider now directly owns 3,495,417 shares of the company’s stock, valued at approximately $102,171,038.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian W. Doyle sold 15,596 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $28.02, for a total value of $436,999.92. Following the completion of the transaction, the chief operating officer now directly owns 166,856 shares in the company, valued at $4,675,305.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 136,196 shares of company stock worth $4,195,869. Insiders own 21.33% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC bought a new position in William Lyon Homes in the 4th quarter valued at approximately $358,000. Municipal Employees Retirement System of Michigan lifted its position in William Lyon Homes by 45.9% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 12,930 shares of the construction company’s stock valued at $376,000 after acquiring an additional 4,070 shares in the last quarter. Macquarie Group Ltd. lifted its position in William Lyon Homes by 107.1% in the 4th quarter. Macquarie Group Ltd. now owns 20,300 shares of the construction company’s stock valued at $590,000 after acquiring an additional 10,500 shares in the last quarter. Millennium Management LLC lifted its position in William Lyon Homes by 47.0% in the 4th quarter. Millennium Management LLC now owns 1,681,635 shares of the construction company’s stock valued at $48,902,000 after acquiring an additional 537,674 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. bought a new position in William Lyon Homes in the 4th quarter valued at approximately $351,000. 82.11% of the stock is currently owned by institutional investors and hedge funds.
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William Lyon Homes Company Profile
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
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