MJ Gleeson (LON:GLE) Announces Quarterly Earnings Results

MJ Gleeson (LON:GLE) issued its quarterly earnings data on Tuesday. The company reported GBX 14.09 EPS for the quarter, Digital Look Earnings reports. MJ Gleeson had a negative net margin of 0.47% and a negative return on equity of 0.64%.

Here are the key takeaways from MJ Gleeson’s conference call:

• Market conditions remain difficult: Homes’ net reservation rate was just 0.51, falling to 0.44 in the nine weeks to the latest weekend, while selling-price growth was only about 1% and build-cost inflation remained around 3%–4%.
• Group adjusted profit before tax declined to £10.8 million, reflecting margin compression in Homes and delayed land transactions; the proposed total dividend was reduced to 5p per share.
• Management said Project Transform has materially strengthened Gleeson Homes through a regional restructure, tighter land-buying controls and portfolio rationalization. Customer satisfaction improved to four stars in 2025, with the business currently tracking at five stars for 2026.
• Partnerships gained momentum, contributing 320 completions, or 16% of Homes volumes, with management encouraged by increased interest following government funding announcements and targeting more profitable golden-brick and forward-funded arrangements.
• The balance sheet remains strong, with only £2.6 million of net borrowings and low land creditors, while the Land pipeline was expanded through new promotion agreements and planning applications. However, slow planning, developer caution and a delayed major sale mean site openings are expected to remain subdued through FY2027 and likely FY2028.

MJ Gleeson Price Performance

Shares of LON GLE traded down GBX 5.50 during midday trading on Friday, hitting GBX 251.50. The stock had a trading volume of 22,194 shares, compared to its average volume of 127,117. The company has a market capitalization of £146.72 million, a PE ratio of 10.25 and a beta of 0.62. The stock has a 50 day simple moving average of GBX 268.30 and a 200-day simple moving average of GBX 261.70. MJ Gleeson has a 1 year low of GBX 214.09 and a 1 year high of GBX 435. The company has a quick ratio of 0.89, a current ratio of 3.47 and a debt-to-equity ratio of 3.34.

Analyst Ratings Changes

A number of brokerages recently issued reports on GLE. Berenberg Bank lowered their price target on shares of MJ Gleeson from GBX 310 to GBX 305 and set a “buy” rating on the stock in a report on Friday. Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, MJ Gleeson presently has a consensus rating of “Hold” and a consensus target price of GBX 252.50.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.