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.
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.
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