$484.05 Million in Sales Expected for Lyon William Homes (WLH) This Quarter
Analysts expect Lyon William Homes (NYSE:WLH) to report sales of $484.05 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Lyon William Homes’ earnings, with the highest sales estimate coming in at $484.50 million and the lowest estimate coming in at $483.60 million. Lyon William Homes reported sales of $342.71 million in the same quarter last year, which indicates a positive year over year growth rate of 41.2%. The firm is expected to issue its next earnings report on Friday, November 3rd.
According to Zacks, analysts expect that Lyon William Homes will report full year sales of $484.05 million for the current fiscal year, with estimates ranging from $1.76 billion to $1.78 billion. For the next year, analysts anticipate that the firm will report sales of $1.96 billion per share, with estimates ranging from $1.94 billion to $1.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Lyon William Homes.
Lyon William Homes (NYSE:WLH) last issued its quarterly earnings data on Monday, August 7th. The construction company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $422.69 million during the quarter, compared to analysts’ expectations of $424.86 million. Lyon William Homes had a return on equity of 7.72% and a net margin of 3.01%. The business’s revenue was up 29.8% on a year-over-year basis. During the same period last year, the business earned $0.38 earnings per share.
A number of analysts have recently weighed in on the company. Zacks Investment Research downgraded Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Citigroup Inc. reiterated a “buy” rating and set a $27.50 target price (up from $27.00) on shares of Lyon William Homes in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded Lyon William Homes from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.83.
In other news, major shareholder Gmt Capital Corp sold 36,550 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $23.09, for a total transaction of $843,939.50. Following the completion of the sale, the insider now directly owns 3,792,817 shares in the company, valued at approximately $87,576,144.53. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 581,344 shares of company stock valued at $13,464,064. Corporate insiders own 21.33% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Falcon Point Capital LLC increased its stake in Lyon William Homes by 35.1% in the first quarter. Falcon Point Capital LLC now owns 798,813 shares of the construction company’s stock worth $16,472,000 after buying an additional 207,568 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Lyon William Homes during the first quarter valued at $1,438,000. State Board of Administration of Florida Retirement System increased its stake in shares of Lyon William Homes by 26.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,061 shares of the construction company’s stock valued at $331,000 after buying an additional 3,347 shares in the last quarter. LSV Asset Management increased its stake in shares of Lyon William Homes by 14.1% in the first quarter. LSV Asset Management now owns 125,800 shares of the construction company’s stock valued at $2,593,000 after buying an additional 15,500 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake 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 in the last quarter.
Lyon William Homes (NYSE WLH) opened at 23.37 on Wednesday. The company has a market capitalization of $746.58 million, a PE ratio of 20.11 and a beta of 1.76. The firm’s 50 day moving average price is $23.37 and its 200-day moving average price is $21.52. Lyon William Homes has a one year low of $15.21 and a one year high of $24.51.
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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