Zacks: Analysts Anticipate William Lyon Homes (WLH) Will Post Quarterly Sales of $821.70 Million

Brokerages expect William Lyon Homes (NYSE:WLH) to announce $821.70 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for William Lyon Homes’ earnings, with estimates ranging from $785.40 million to $858.00 million. William Lyon Homes posted sales of $624.64 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.5%. The company is expected to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that William Lyon Homes will report full-year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.22 billion to $2.30 billion. For the next fiscal year, analysts expect that the company will report sales of $2.44 billion, with estimates ranging from $2.24 billion to $2.63 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow William Lyon Homes.

William Lyon Homes (NYSE:WLH) last issued its quarterly earnings data on Tuesday, October 30th. The construction company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The business had revenue of $534.70 million during the quarter, compared to the consensus estimate of $568.84 million. William Lyon Homes had a net margin of 3.48% and a return on equity of 10.93%. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share.

A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of William Lyon Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 4th. Wedbush downgraded shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $22.00 in a research report on Thursday, September 20th. Citigroup decreased their price objective on shares of William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Thursday, August 2nd. Finally, ValuEngine downgraded shares of William Lyon Homes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. William Lyon Homes presently has a consensus rating of “Hold” and an average target price of $27.25.

Several institutional investors and hedge funds have recently added to or reduced their stakes in WLH. Northern Trust Corp raised its position in shares of William Lyon Homes by 14.2% during the 1st quarter. Northern Trust Corp now owns 371,068 shares of the construction company’s stock worth $10,200,000 after purchasing an additional 46,010 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of William Lyon Homes by 14.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,669 shares of the construction company’s stock worth $651,000 after purchasing an additional 3,069 shares during the last quarter. California State Teachers Retirement System raised its position in shares of William Lyon Homes by 13.8% during the 1st quarter. California State Teachers Retirement System now owns 48,824 shares of the construction company’s stock worth $1,342,000 after purchasing an additional 5,934 shares during the last quarter. Legal & General Group Plc raised its position in shares of William Lyon Homes by 7.8% during the 1st quarter. Legal & General Group Plc now owns 54,212 shares of the construction company’s stock worth $1,482,000 after purchasing an additional 3,904 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of William Lyon Homes by 188.4% during the 1st quarter. Principal Financial Group Inc. now owns 603,247 shares of the construction company’s stock worth $16,584,000 after purchasing an additional 394,088 shares during the last quarter. Hedge funds and other institutional investors own 84.11% of the company’s stock.

Shares of William Lyon Homes stock opened at $13.56 on Thursday. The stock has a market capitalization of $524.45 million, a price-to-earnings ratio of 6.14 and a beta of 1.53. William Lyon Homes has a fifty-two week low of $11.65 and a fifty-two week high of $32.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.77 and a quick ratio of 0.15.

William Lyon Homes Company Profile

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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Earnings History and Estimates for William Lyon Homes (NYSE:WLH)

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