$0.84 EPS Expected for William Lyon Homes (WLH) This Quarter

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.

In related news, major shareholder Gmt Capital Corp sold 44,700 shares of William Lyon Homes stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $31.76, for a total transaction of $1,419,672.00. Following the sale, the insider now directly owns 3,571,317 shares in the company, valued at $113,425,027.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction of $73,325.00. Following the sale, the director now owns 29,298 shares in the company, valued at $859,310.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 285,700 shares of company stock worth $8,599,572. Company insiders own 21.33% of the company’s stock.

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.

TRADEMARK VIOLATION NOTICE: “$0.84 EPS Expected for William Lyon Homes (WLH) This Quarter” was reported by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/08/0-84-eps-expected-for-william-lyon-homes-wlh-this-quarter.html.

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.

Get a free copy of the Zacks research report on William Lyon Homes (WLH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for William Lyon Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for William Lyon Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply