Lyon William Homes (WLH) Set to Announce Earnings on Tuesday
Lyon William Homes (NYSE:WLH) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 31st. Analysts expect Lyon William Homes to post earnings of $0.70 per share for the quarter.
Lyon William Homes (NYSE:WLH) last announced its quarterly earnings data on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The company had revenue of $422.69 million during the quarter, compared to analysts’ expectations of $424.86 million. During the same period in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, analysts expect Lyon William Homes to post $2.33 EPS for the current fiscal year and $2.8 EPS for the next fiscal year.
Shares of Lyon William Homes (NYSE:WLH) traded up 1.656% during mid-day trading on Tuesday, hitting $24.245. 31,037 shares of the stock traded hands. The stock has a 50-day moving average of $23.37 and a 200-day moving average of $22.95. Lyon William Homes has a 52 week low of $15.60 and a 52 week high of $25.18. The company has a market cap of $774.53 million, a price-to-earnings ratio of 20.865 and a beta of 1.74.
WLH has been the topic of several research reports. Citigroup Inc. reiterated a “buy” rating and issued a $27.50 price objective (up previously from $27.00) on shares of Lyon William Homes in a research note on Tuesday, July 18th. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, BidaskClub lowered shares of Lyon William Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Lyon William Homes currently has a consensus rating of “Hold” and an average price target of $24.83.
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In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 20,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $22.74, for a total value of $472,992.00. Following the transaction, the insider now owns 3,855,380 shares in the company, valued at approximately $87,671,341.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary H. Hunt sold 8,500 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $22.87, for a total transaction of $194,395.00. Following the completion of the transaction, the director now owns 31,798 shares in the company, valued at approximately $727,220.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,447,266 shares of company stock worth $82,027,425. Company insiders own 21.33% of the company’s stock.
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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