$0.49 Earnings Per Share Expected for Lyon William Homes (WLH) This Quarter
Equities analysts expect that Lyon William Homes (NYSE:WLH) will post earnings of $0.49 per share for the current quarter, Zacks reports. Two analysts have made estimates for Lyon William Homes’ earnings, with estimates ranging from $0.47 to $0.51. Lyon William Homes posted earnings per share of $0.38 in the same quarter last year, which indicates a positive year-over-year growth rate of 28.9%. The firm is expected to announce its next earnings report on Friday, August 4th.
According to Zacks, analysts expect that Lyon William Homes will report full year earnings of $2.14 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.18. For the next fiscal year, analysts forecast that the firm will post earnings of $2.63 per share, with EPS estimates ranging from $2.46 to $2.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Lyon William Homes.
Lyon William Homes (NYSE:WLH) last announced its earnings results on Tuesday, May 9th. The construction company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. The business had revenue of $258.90 million during the quarter, compared to the consensus estimate of $261.40 million. Lyon William Homes had a return on equity of 7.35% and a net margin of 2.90%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 EPS.
Separately, Zacks Investment Research upgraded Lyon William Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.
Shares of Lyon William Homes (NYSE WLH) traded down 1.31% on Monday, hitting $23.34. The stock had a trading volume of 137,380 shares. The company has a market cap of $745.36 million, a price-to-earnings ratio of 21.98 and a beta of 1.79. The firm’s 50-day moving average is $23.03 and its 200-day moving average is $20.45. Lyon William Homes has a one year low of $15.18 and a one year high of $24.51.
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In other Lyon William Homes news, major shareholder Gmt Capital Corp sold 52,000 shares of Lyon William Homes stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $21.83, for a total value of $1,135,160.00. Following the transaction, the insider now directly owns 4,536,417 shares in the company, valued at approximately $99,029,983.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 508,337 shares of company stock worth $11,593,206 over the last quarter. Company insiders own 21.33% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can increased its position in shares of Lyon William Homes by 1,390.1% in the first quarter. Great West Life Assurance Co. Can now owns 32,634 shares of the construction company’s stock valued at $672,000 after buying an additional 30,444 shares during the period. Wells Fargo & Company MN increased its position in shares of Lyon William Homes by 45.9% in the first quarter. Wells Fargo & Company MN now owns 94,714 shares of the construction company’s stock valued at $1,953,000 after buying an additional 29,801 shares during the period. Real Estate Management Services LLC bought a new position in shares of Lyon William Homes during the first quarter valued at $1,703,000. Russell Investments Group Ltd. increased its position in shares of Lyon William Homes by 64.0% in the first quarter. Russell Investments Group Ltd. now owns 342,853 shares of the construction company’s stock valued at $7,070,000 after buying an additional 133,853 shares during the period. Finally, Mesirow Financial Investment Management Equity Management bought a new position in shares of Lyon William Homes during the first quarter valued at $240,000.
Lyon William Homes Company Profile
William Lyon Homes is primarily engaged in the design, construction and sale of single family detached and attached homes in California, Arizona and Nevada. The Company conducts its homebuilding operations through four reportable operating segments: Southern California, Northern California, Arizona and Nevada.
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