Wall Street brokerages forecast that William Lyon Homes (NYSE:WLH) will announce $268.41 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for William Lyon Homes’ earnings. The lowest sales estimate is $267.75 million and the highest is $269.07 million. William Lyon Homes reported sales of $264.43 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.5%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, May 9th.
According to Zacks, analysts expect that William Lyon Homes will report full-year sales of $268.41 million for the current fiscal year, with estimates ranging from $1.7 billion to $1.75 billion. For the next fiscal year, analysts expect that the business will post sales of $1.94 billion per share, with estimates ranging from $1.93 billion to $1.95 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for William Lyon Homes.
William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, May 9th. The construction company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. William Lyon Homes had a return on equity of 8.83% and a net margin of 4.71%. The company had revenue of $258.90 million for the quarter, compared to the consensus estimate of $261.40 million. During the same quarter last year, the business posted $0.24 EPS. William Lyon Homes’s quarterly revenue was down 2.1% compared to the same quarter last year.
WLH has been the topic of a number of recent research reports. Zacks Investment Research raised William Lyon Homes from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 11th. Wedbush decreased their price objective on William Lyon Homes from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Tuesday, February 21st. Finally, JMP Securities downgraded William Lyon Homes from a “mkt outperform” rating to a “market perform” rating in a report on Thursday, January 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $20.00.
TRADEMARK VIOLATION NOTICE: “Zacks: Brokerages Anticipate William Lyon Homes (WLH) Will Announce Quarterly Sales of $268.41 Million” was originally reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2017/05/19/268-43-million-in-sales-expected-for-william-lyon-homes-wlh-this-quarter-updated-updated.html.
In other William Lyon Homes news, major shareholder Gmt Capital Corp sold 52,000 shares of William Lyon 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 transaction of $1,135,160.00. Following the sale, the insider now directly owns 4,536,417 shares of the company’s stock, valued at $99,029,983.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 156,000 shares of company stock worth $3,308,240 over the last ninety days. Company insiders own 21.33% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in WLH. Mason Street Advisors LLC acquired a new position in shares of William Lyon Homes during the first quarter valued at approximately $113,000. Mesirow Financial Investment Management Equity Management acquired a new position in shares of William Lyon Homes during the first quarter valued at approximately $240,000. Texas Permanent School Fund acquired a new position in shares of William Lyon Homes during the first quarter valued at approximately $247,000. First Trust Advisors LP acquired a new position in shares of William Lyon Homes during the third quarter valued at approximately $236,000. Finally, State Board of Administration of Florida Retirement System increased its position in shares of William Lyon 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 during the last quarter.
William Lyon Homes (NYSE:WLH) traded up 6.55% on Friday, reaching $23.43. The company’s stock had a trading volume of 941,072 shares. William Lyon Homes has a 52 week low of $12.80 and a 52 week high of $24.51. The stock’s 50 day moving average is $21.03 and its 200-day moving average is $19.34. The firm has a market capitalization of $748.24 million, a PE ratio of 15.12 and a beta of 1.83.
William Lyon 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for William Lyon Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for William Lyon Homes and related companies with MarketBeat.com's FREE daily email newsletter.