Lyon William Homes (WLH) Expected to Post Earnings of $0.85 Per Share
Equities analysts expect Lyon William Homes (NYSE:WLH) to announce earnings of $0.85 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Lyon William Homes’ earnings. Lyon William Homes posted earnings of $0.60 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 41.7%. The business is expected to issue its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Lyon William Homes will report full-year earnings of $2.18 per share for the current year. For the next fiscal year, analysts forecast that the firm will post earnings of $2.61 per share, with EPS estimates ranging from $2.50 to $2.72. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Lyon William Homes.
Lyon William Homes (NYSE:WLH) last announced its earnings results on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $490.34 million for the quarter, compared to the consensus estimate of $486.57 million. Lyon William Homes had a return on equity of 9.33% and a net margin of 3.61%. The business’s quarterly revenue was up 43.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 EPS.
Several research analysts have commented on the company. Zelman & Associates raised Lyon William Homes from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Wedbush reaffirmed a “neutral” rating and set a $27.00 target price (up from $22.00) on shares of Lyon William Homes in a report on Wednesday, November 1st. UBS AG lifted their target price on Lyon William Homes from $25.00 to $30.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. BidaskClub downgraded Lyon William Homes from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Zacks Investment Research raised Lyon William Homes from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.88.
Shares of Lyon William Homes (NYSE:WLH) traded up $0.63 on Friday, reaching $29.71. The company’s stock had a trading volume of 299,373 shares, compared to its average volume of 322,889. The firm has a market cap of $939.68, a P/E ratio of 15.23 and a beta of 2.14. Lyon William Homes has a 52-week low of $16.37 and a 52-week high of $29.94. The company has a debt-to-equity ratio of 1.33, a current ratio of 10.77 and a quick ratio of 0.30.
In other news, Director Gary H. Hunt sold 8,500 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $22.87, for a total value of $194,395.00. Following the transaction, the director now directly owns 31,798 shares of the company’s stock, valued at approximately $727,220.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Paulson Property Management Ii sold 3,322,666 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $23.81, for a total value of $79,112,677.46. The disclosure for this sale can be found here. Insiders sold a total of 3,372,766 shares of company stock worth $80,320,032 over the last three months. 22.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. State of New Jersey Common Pension Fund D increased its position in Lyon William Homes by 20.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 60,000 shares of the construction company’s stock valued at $1,379,000 after buying an additional 10,000 shares in the last quarter. Systematic Financial Management LP bought a new stake in Lyon William Homes in the 2nd quarter valued at about $3,170,000. SignalPoint Asset Management LLC bought a new stake in Lyon William Homes in the 3rd quarter valued at about $638,000. Louisiana State Employees Retirement System bought a new stake in Lyon William Homes in the 2nd quarter valued at about $232,000. Finally, Bank of America Corp DE increased its position in Lyon William Homes by 176.6% in the 1st quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock valued at $791,000 after buying an additional 24,496 shares in the last quarter. 98.01% of the stock is owned by institutional investors and hedge funds.
About Lyon William Homes
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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