William Lyon Homes (NYSE:WLH) Expected to Announce Quarterly Sales of $487.28 Million

Share on StockTwits

Brokerages expect William Lyon Homes (NYSE:WLH) to post $487.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for William Lyon Homes’ earnings, with estimates ranging from $484.85 million to $489.70 million. William Lyon Homes posted sales of $534.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 8.9%. The firm is expected to announce its next quarterly earnings results on Tuesday, October 29th.

On average, analysts expect that William Lyon Homes will report full-year sales of $2.05 billion for the current year. For the next fiscal year, analysts forecast that the firm will report sales of $2.16 billion, with estimates ranging from $2.10 billion to $2.22 billion. Zacks Investment Research’s sales 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 earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.03). The firm had revenue of $465.47 million for the quarter, compared to analyst estimates of $472.24 million. William Lyon Homes had a net margin of 3.75% and a return on equity of 8.07%. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 EPS.

WLH has been the subject of a number of recent analyst reports. ValuEngine downgraded shares of William Lyon Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised shares of William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $21.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, JMP Securities upgraded William Lyon Homes from a “market perform” rating to an “outperform” rating and set a $23.00 price target on the stock in a report on Tuesday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $19.67.

NYSE:WLH traded up $0.82 on Friday, reaching $20.92. 377,753 shares of the stock traded hands, compared to its average volume of 419,798. The firm has a market capitalization of $752.14 million, a price-to-earnings ratio of 8.64 and a beta of 1.30. The company’s 50 day moving average is $19.38 and its 200-day moving average is $18.45. The company has a current ratio of 5.54, a quick ratio of 0.11 and a debt-to-equity ratio of 1.38. William Lyon Homes has a 1-year low of $9.85 and a 1-year high of $21.01.

Several institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in shares of William Lyon Homes by 126.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,367 shares of the construction company’s stock worth $516,000 after buying an additional 14,154 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of William Lyon Homes by 11.8% during the 2nd quarter. Royal Bank of Canada now owns 62,331 shares of the construction company’s stock worth $1,135,000 after buying an additional 6,565 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of William Lyon Homes during the 2nd quarter worth approximately $264,000. United Services Automobile Association boosted its holdings in shares of William Lyon Homes by 5.8% during the 2nd quarter. United Services Automobile Association now owns 19,102 shares of the construction company’s stock worth $348,000 after buying an additional 1,055 shares in the last quarter. Finally, Factorial Partners LLC bought a new position in shares of William Lyon Homes during the 2nd quarter worth approximately $576,000. Hedge funds and other institutional investors own 84.42% of the company’s stock.

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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

Further Reading: Consumer Price Index (CPI)

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

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

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.