Analysts expect that William Lyon Homes (NYSE:WLH) will report earnings per share of $0.34 for the current quarter, according to Zacks. Two analysts have made estimates for William Lyon Homes’ earnings. William Lyon Homes posted earnings per share of $0.58 in the same quarter last year, which would indicate a negative year-over-year growth rate of 41.4%. The business is scheduled to announce its next earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that William Lyon Homes will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.73 to $1.85. For the next financial year, analysts expect that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow William Lyon Homes.
William Lyon Homes (NYSE:WLH) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.20 by $0.01. William Lyon Homes had a net margin of 4.21% and a return on equity of 9.25%. The company had revenue of $455.86 million during the quarter, compared to analysts’ expectations of $410.18 million. During the same quarter in the previous year, the company earned $0.21 EPS. William Lyon Homes’s revenue was up 22.1% on a year-over-year basis.
WLH has been the subject of several analyst reports. Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Friday, July 5th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
Institutional investors have recently added to or reduced their stakes in the stock. SG Capital Management LLC bought a new position in William Lyon Homes during the 1st quarter worth approximately $9,890,000. Metropolitan Life Insurance Co. NY boosted its stake in William Lyon Homes by 361.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,444 shares of the construction company’s stock worth $112,000 after acquiring an additional 8,179 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in William Lyon Homes by 18.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 23,212 shares of the construction company’s stock worth $248,000 after acquiring an additional 3,667 shares during the last quarter. Fiera Capital Corp bought a new position in William Lyon Homes during the 4th quarter worth approximately $535,000. Finally, Oregon Public Employees Retirement Fund bought a new position in William Lyon Homes during the 4th quarter worth approximately $134,000. 89.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:WLH traded down $0.15 during trading on Wednesday, hitting $19.13. 254,200 shares of the company’s stock were exchanged, compared to its average volume of 438,882. William Lyon Homes has a 1-year low of $9.85 and a 1-year high of $25.23. The company’s 50-day moving average is $18.91. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.13 and a current ratio of 5.33. The company has a market capitalization of $724.82 million, a price-to-earnings ratio of 7.90 and a beta of 1.33.
About William Lyon Homes
William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.
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