William Lyon Homes (NYSE:WLH) announced its quarterly earnings results on Tuesday. The construction company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.02, MarketWatch Earnings reports. The company had revenue of $534.70 million for the quarter, compared to the consensus estimate of $568.84 million. William Lyon Homes had a return on equity of 10.93% and a net margin of 3.48%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS.
Shares of WLH stock traded up $0.48 during mid-day trading on Tuesday, hitting $13.53. 27,810 shares of the stock were exchanged, compared to its average volume of 803,451. The company has a quick ratio of 0.15, a current ratio of 5.77 and a debt-to-equity ratio of 1.47. William Lyon Homes has a 52-week low of $12.47 and a 52-week high of $32.95. The firm has a market cap of $524.45 million, a P/E ratio of 6.09 and a beta of 1.54.
Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded William Lyon Homes from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 4th. Wedbush lowered shares of William Lyon Homes from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $35.00 to $22.00 in a research note on Thursday, September 20th. Citigroup lowered their target price on shares of William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, ValuEngine lowered shares of William Lyon Homes from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $27.25.
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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