$484.05 Million in Sales Expected for Lyon William Homes (WLH) This Quarter
Wall Street analysts forecast that Lyon William Homes (NYSE:WLH) will post $484.05 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Lyon William Homes’ earnings. The lowest sales estimate is $483.60 million and the highest is $484.50 million. Lyon William Homes posted sales of $342.71 million during the same quarter last year, which suggests a positive year over year growth rate of 41.2%. The company is expected to issue its next quarterly earnings report on Friday, November 3rd.
On average, analysts expect that Lyon William Homes will report full year sales of $484.05 million for the current year, with estimates ranging from $1.76 billion to $1.78 billion. For the next fiscal year, analysts expect that the business will report sales of $1.96 billion per share, with estimates ranging from $1.94 billion to $1.98 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Lyon William Homes.
Lyon William Homes (NYSE:WLH) last announced its quarterly earnings data on Monday, August 7th. The construction company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm had revenue of $422.69 million during the quarter, compared to analyst estimates of $424.86 million. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. The company’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research cut Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday. BidaskClub cut Lyon William Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $27.50 price target (up previously from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.83.
Lyon William Homes (WLH) opened at 23.37 on Wednesday. Lyon William Homes has a one year low of $15.21 and a one year high of $24.51. The company has a market cap of $746.58 million, a PE ratio of 20.11 and a beta of 1.76. The firm’s 50-day moving average price is $23.37 and its 200-day moving average price is $21.52.
In other news, major shareholder Gmt Capital Corp sold 23,349 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $23.33, for a total value of $544,732.17. Following the completion of the sale, the insider now owns 4,328,417 shares of the company’s stock, valued at $100,981,968.61. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 581,344 shares of company stock valued at $13,464,064. Insiders own 21.33% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Lyon William Homes by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,452,175 shares of the construction company’s stock valued at $59,195,000 after buying an additional 182,987 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Lyon William Homes by 17.3% in the first quarter. TimesSquare Capital Management LLC now owns 2,045,510 shares of the construction company’s stock valued at $42,178,000 after buying an additional 302,280 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Lyon William Homes by 28.8% in the second quarter. Ameriprise Financial Inc. now owns 1,921,277 shares of the construction company’s stock valued at $46,378,000 after buying an additional 430,096 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Lyon William Homes by 5.7% in the second quarter. Vanguard Group Inc. now owns 1,293,392 shares of the construction company’s stock valued at $31,223,000 after buying an additional 70,240 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Lyon William Homes by 21.7% in the first quarter. Bank of New York Mellon Corp now owns 1,206,476 shares of the construction company’s stock valued at $24,878,000 after buying an additional 215,105 shares during the last quarter.
About Lyon William Homes
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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