Wedbush Comments on William Lyon Homes’ Q1 2021 Earnings (NYSE:WLH)

William Lyon Homes (NYSE:WLH) – Analysts at Wedbush decreased their Q1 2021 earnings per share estimates for William Lyon Homes in a report issued on Wednesday, November 6th. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.39 per share for the quarter, down from their previous forecast of $0.40. Wedbush currently has a “Outperform” rating and a $21.00 target price on the stock. Wedbush also issued estimates for William Lyon Homes’ Q3 2021 earnings at $0.68 EPS.

William Lyon Homes (NYSE:WLH) last issued its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $487.15 million. William Lyon Homes had a return on equity of 8.07% and a net margin of 3.75%. The company’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS.

A number of other analysts have also commented on WLH. ValuEngine lowered William Lyon Homes from a “sell” rating to a “strong sell” rating in a report on Monday. Zacks Investment Research raised William Lyon Homes from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Finally, JMP Securities lowered William Lyon Homes from an “outperform” rating to a “market perform” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $19.67.

WLH traded down $0.05 during midday trading on Friday, reaching $19.85. 1,102,552 shares of the company were exchanged, compared to its average volume of 464,155. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.11 and a current ratio of 5.54. The company’s fifty day moving average price is $20.38 and its 200 day moving average price is $18.95. The company has a market cap of $696.15 million, a price-to-earnings ratio of 8.20 and a beta of 1.27. William Lyon Homes has a one year low of $9.85 and a one year high of $21.70.

Several hedge funds and other institutional investors have recently made changes to their positions in WLH. Crossmark Global Holdings Inc. boosted its stake in shares of William Lyon Homes by 7.2% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 34,960 shares of the construction company’s stock worth $637,000 after buying an additional 2,350 shares during the last quarter. New York State Teachers Retirement System increased its stake in William Lyon Homes by 3.4% in the second quarter. New York State Teachers Retirement System now owns 21,405 shares of the construction company’s stock valued at $390,000 after acquiring an additional 700 shares during the last quarter. Arizona State Retirement System increased its stake in William Lyon Homes by 1.5% in the second quarter. Arizona State Retirement System now owns 51,184 shares of the construction company’s stock valued at $933,000 after acquiring an additional 755 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in William Lyon Homes in the second quarter valued at $76,000. Finally, Fisher Asset Management LLC increased its stake in William Lyon Homes by 6.8% in the second quarter. Fisher Asset Management LLC now owns 161,468 shares of the construction company’s stock valued at $2,944,000 after acquiring an additional 10,325 shares during the last quarter. Hedge funds and other institutional investors own 83.03% of the company’s stock.

About William Lyon Homes

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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

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