Brokerages expect that William Lyon Homes (NYSE:WLH) will announce earnings of $0.84 per share for the current quarter, Zacks reports. Two analysts have made estimates for William Lyon Homes’ earnings. William Lyon Homes reported earnings of $0.60 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 40%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, February 20th.
On average, analysts expect that William Lyon Homes will report full year earnings of $2.18 per share for the current year. For the next 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 averages are an average based on a survey of research analysts that cover William Lyon Homes.
WLH has been the topic of a number of recent research reports. UBS Group initiated coverage on William Lyon Homes in a research note on Wednesday, October 25th. They issued a “neutral” rating and a $25.00 target price on the stock. Zelman & Associates upgraded William Lyon Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Wedbush reiterated a “neutral” rating and issued a $27.00 target price (up from $22.00) on shares of William Lyon Homes in a research note on Wednesday, November 1st. ValuEngine upgraded William Lyon Homes from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Finally, Citigroup cut William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research note on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.50.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. KBC Group NV raised its stake in shares of William Lyon Homes by 179.1% during the fourth quarter. KBC Group NV now owns 25,975 shares of the construction company’s stock valued at $755,000 after purchasing an additional 16,668 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in William Lyon Homes in the fourth quarter worth about $274,000. Fisher Asset Management LLC raised its position in William Lyon Homes by 8.8% in the fourth quarter. Fisher Asset Management LLC now owns 124,882 shares of the construction company’s stock worth $3,632,000 after acquiring an additional 10,141 shares in the last quarter. Texas Permanent School Fund raised its position in William Lyon Homes by 9.1% in the fourth quarter. Texas Permanent School Fund now owns 18,815 shares of the construction company’s stock worth $547,000 after acquiring an additional 1,563 shares in the last quarter. Finally, James Investment Research Inc. bought a new stake in William Lyon Homes in the fourth quarter worth about $908,000. Institutional investors and hedge funds own 96.73% of the company’s stock.
William Lyon Homes (NYSE WLH) traded down $0.10 during mid-day trading on Thursday, reaching $25.89. The company’s stock had a trading volume of 156,533 shares, compared to its average volume of 428,839. The company has a debt-to-equity ratio of 1.33, a current ratio of 10.77 and a quick ratio of 0.30. The company has a market capitalization of $840.05, a PE ratio of 16.97 and a beta of 1.64. William Lyon Homes has a 12 month low of $16.94 and a 12 month high of $32.95.
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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