William Lyon Homes (WLH) Expected to Announce Earnings of $0.84 Per Share

Equities analysts predict that William Lyon Homes (NYSE:WLH) will report earnings of $0.84 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for William Lyon Homes’ earnings. William Lyon Homes reported earnings per share of $0.60 during the same quarter last year, which would suggest a positive year-over-year growth rate of 40%. The company is scheduled to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that William Lyon Homes will report full year earnings of $2.18 per share for the current fiscal year. For the next fiscal year, analysts forecast that the business will post earnings of $2.76 per share, with EPS estimates ranging from $2.68 to $2.84. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow William Lyon Homes.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The company had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. During the same period last year, the firm posted $0.34 EPS. The company’s revenue for the quarter was up 43.1% on a year-over-year basis.

WLH has been the topic of a number of recent research reports. UBS Group initiated coverage on shares of William Lyon Homes in a research report on Wednesday, October 25th. They issued a “neutral” rating and a $25.00 price target on the stock. Zelman & Associates upgraded shares of William Lyon Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Wedbush restated a “neutral” rating and issued a $27.00 price target (up from $22.00) on shares of William Lyon Homes in a research report on Wednesday, November 1st. Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a research report on Thursday. Finally, ValuEngine upgraded shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.75.

In related news, Director Gary H. Hunt sold 2,500 shares of William Lyon Homes stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $29.33, for a total value of $73,325.00. Following the sale, the director now directly owns 29,298 shares in the company, valued at approximately $859,310.34. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Matthew R. Zaist sold 25,000 shares of William Lyon Homes stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $28.83, for a total transaction of $720,750.00. Following the completion of the sale, the chief executive officer now owns 205,377 shares in the company, valued at $5,921,018.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 133,900 shares of company stock worth $3,873,815. 21.33% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new stake in shares of William Lyon Homes during the 2nd quarter worth about $122,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of William Lyon Homes during the 2nd quarter worth about $133,000. Victory Capital Management Inc. raised its position in shares of William Lyon Homes by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock worth $142,000 after buying an additional 884 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of William Lyon Homes by 61.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock worth $164,000 after buying an additional 2,603 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of William Lyon Homes during the 3rd quarter worth about $193,000. Institutional investors own 98.13% of the company’s stock.

William Lyon Homes (NYSE:WLH) traded down $0.68 during trading on Friday, hitting $31.60. 598,500 shares of the stock were exchanged, compared to its average volume of 787,533. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.30 and a current ratio of 10.77. William Lyon Homes has a one year low of $16.37 and a one year high of $32.95. The company has a market cap of $1,010.00, a P/E ratio of 20.65 and a beta of 2.14.

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About William Lyon 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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