Equities analysts forecast that William Lyon Homes (NYSE:WLH) will post earnings of $0.34 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for William Lyon Homes’ earnings. William Lyon Homes posted earnings per share of $0.58 during the same quarter last year, which indicates a negative year over year growth rate of 41.4%. The firm is expected to announce its next earnings results before the market opens on Thursday, August 1st.
On average, analysts expect that William Lyon Homes will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.73 to $1.85. For the next financial year, analysts anticipate that the firm will post earnings of $2.48 per share, with EPS estimates ranging from $2.40 to $2.55. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow William Lyon Homes.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The business had revenue of $455.86 million during the quarter, compared to analyst estimates of $410.18 million. William Lyon Homes had a return on equity of 9.25% and a net margin of 4.21%. William Lyon Homes’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 earnings per share.
WLH stock traded down $0.16 during midday trading on Wednesday, reaching $19.37. 5,368 shares of the company traded hands, compared to its average volume of 295,981. William Lyon Homes has a 52-week low of $9.85 and a 52-week high of $25.23. The company has a quick ratio of 0.13, a current ratio of 5.33 and a debt-to-equity ratio of 1.35. The stock’s 50 day simple moving average is $18.84. The firm has a market cap of $738.47 million, a price-to-earnings ratio of 8.03 and a beta of 1.34.
Several hedge funds and other institutional investors have recently modified their holdings of WLH. Bank of New York Mellon Corp raised its holdings in shares of William Lyon Homes by 180.2% in the fourth quarter. Bank of New York Mellon Corp now owns 1,448,137 shares of the construction company’s stock worth $15,480,000 after buying an additional 931,224 shares during the period. Principal Financial Group Inc. increased its holdings in William Lyon Homes by 79.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,760,520 shares of the construction company’s stock worth $18,820,000 after purchasing an additional 777,409 shares during the period. SG Capital Management LLC purchased a new position in William Lyon Homes during the 1st quarter worth $9,890,000. Deutsche Bank AG increased its holdings in William Lyon Homes by 294.0% during the 4th quarter. Deutsche Bank AG now owns 324,333 shares of the construction company’s stock worth $3,465,000 after purchasing an additional 242,023 shares during the period. Finally, Long Pond Capital LP increased its holdings in William Lyon Homes by 6.5% during the 1st quarter. Long Pond Capital LP now owns 2,397,026 shares of the construction company’s stock worth $36,842,000 after purchasing an additional 146,774 shares during the period. Hedge funds and other institutional investors own 89.00% 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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