MJ Gleeson (LON:GLE) Posts Quarterly Earnings Results

MJ Gleeson (LON:GLE) announced its quarterly earnings results on Tuesday. The company reported GBX 14.09 earnings per share (EPS) for the quarter, Digital Look Earnings reports. MJ Gleeson had a return on equity of 4.67% and a net margin of 3.76%.

Here are the key takeaways from MJ Gleeson’s conference call:

• Market conditions remain difficult: Homes’ net reservation rate was just 0.51, falling to 0.44 in the nine weeks to the latest weekend, while selling-price growth was only about 1% and build-cost inflation remained around 3%–4%.
• Group adjusted profit before tax declined to £10.8 million, reflecting margin compression in Homes and delayed land transactions; the proposed total dividend was reduced to 5p per share.
• Management said Project Transform has materially strengthened Gleeson Homes through a regional restructure, tighter land-buying controls and portfolio rationalization. Customer satisfaction improved to four stars in 2025, with the business currently tracking at five stars for 2026.
• Partnerships gained momentum, contributing 320 completions, or 16% of Homes volumes, with management encouraged by increased interest following government funding announcements and targeting more profitable golden-brick and forward-funded arrangements.
• The balance sheet remains strong, with only £2.6 million of net borrowings and low land creditors, while the Land pipeline was expanded through new promotion agreements and planning applications. However, slow planning, developer caution and a delayed major sale mean site openings are expected to remain subdued through FY2027 and likely FY2028.

MJ Gleeson Price Performance

Shares of LON:GLE traded up GBX 5 during trading on Wednesday, reaching GBX 254. The company had a trading volume of 51,679 shares, compared to its average volume of 128,079. The firm’s fifty day moving average is GBX 267.37 and its 200 day moving average is GBX 263.12. The firm has a market capitalization of £148.17 million, a PE ratio of 10.35 and a beta of 0.62. MJ Gleeson has a twelve month low of GBX 214.09 and a twelve month high of GBX 435. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87.

Analyst Ratings Changes

Several brokerages have weighed in on GLE. Berenberg Bank dropped their target price on MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a research report on Thursday, June 11th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a GBX 200 price objective on shares of MJ Gleeson in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 255.

Trending Headlines about MJ Gleeson

Here are the key news stories impacting MJ Gleeson this week:

• Positive Sentiment: FY26 revenue rose 12.1%, indicating continued demand for the group’s homes despite challenging conditions. However, adjusted profit declined. MJ Gleeson FY26 Revenue Rises 12.1% as Adjusted Profit Declines
• Positive Sentiment: Project Transform is reshaping the business, while tighter land purchasing and cost controls could support future margins when market conditions improve. MJ Gleeson tightens dividend as Project Transform reshapes business amid subdued housing market
• Neutral Sentiment: Management does not expect an improvement in the housing market soon, suggesting the recovery in transactions and margins may be delayed. Housebuilder MJ Gleeson not expecting any improvement in housing market
• Negative Sentiment: MJ Gleeson swung to a £2.7 million full-year loss amid weak sales, and reduced its dividend, highlighting pressure on earnings and shareholder returns. MJ Gleeson swings to full-year loss, cuts dividend
• Negative Sentiment: Cancelled Yorkshire land purchases reinforce concerns that developers are reducing investment because demand and market visibility remain subdued. Housing market warning issued as Yorkshire land purchases cancelled
• Negative Sentiment: Royal Bank of Canada reaffirmed its “underperform” rating and set a GBX 200 price target, below the recent trading level, signaling downside risk in the analyst’s view.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.