William Lyon Homes (WLH) Expected to Announce Earnings of $0.19 Per Share

Equities research analysts predict that William Lyon Homes (NYSE:WLH) will post earnings of $0.19 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for William Lyon Homes’ earnings, with estimates ranging from $0.17 to $0.20. William Lyon Homes posted earnings of $0.11 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 72.7%. The firm is scheduled to announce its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that William Lyon Homes will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.92 to $3.17. For the next financial year, analysts forecast that the company will report earnings of $3.75 per share, with EPS estimates ranging from $3.72 to $3.78. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow William Lyon Homes.

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William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, February 20th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.05. William Lyon Homes had a net margin of 2.68% and a return on equity of 10.51%. The firm had revenue of $624.60 million during the quarter, compared to the consensus estimate of $616.91 million. During the same period in the previous year, the firm earned $0.60 earnings per share. William Lyon Homes’s revenue was up 32.0% compared to the same quarter last year.

A number of research firms recently issued reports on WLH. Zacks Investment Research upgraded shares of William Lyon Homes from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Wednesday, February 21st. ValuEngine upgraded shares of William Lyon Homes from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. Wedbush restated a “neutral” rating and issued a $31.00 target price (up from $27.00) on shares of William Lyon Homes in a report on Friday, December 29th. UBS restated a “neutral” rating and issued a $33.00 target price (up from $30.00) on shares of William Lyon Homes in a report on Wednesday, January 17th. Finally, Citigroup downgraded shares of William Lyon Homes from a “buy” rating to a “neutral” rating and set a $35.00 target price for the company. in a report on Thursday, January 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $32.00.

William Lyon Homes stock opened at $27.90 on Tuesday. William Lyon Homes has a 1 year low of $18.85 and a 1 year high of $32.95. The company has a market capitalization of $1,068.17, a P/E ratio of 12.62 and a beta of 1.53. The company has a quick ratio of 1.15, a current ratio of 11.14 and a debt-to-equity ratio of 1.20.

In other William Lyon Homes news, COO Brian W. Doyle sold 15,596 shares of William Lyon Homes stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $28.02, for a total transaction of $436,999.92. Following the transaction, the chief operating officer now directly owns 166,856 shares of the company’s stock, valued at $4,675,305.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Gmt Capital Corp sold 41,600 shares of William Lyon Homes stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $32.13, for a total transaction of $1,336,608.00. Following the transaction, the insider now directly owns 3,529,717 shares in the company, valued at $113,409,807.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,496 shares of company stock worth $2,776,197. 22.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund lifted its position in William Lyon Homes by 9.1% during the fourth quarter. Texas Permanent School Fund now owns 18,815 shares of the construction company’s stock valued at $547,000 after buying an additional 1,563 shares in the last quarter. American International Group Inc. lifted its position in William Lyon Homes by 12.4% during the fourth quarter. American International Group Inc. now owns 21,189 shares of the construction company’s stock valued at $616,000 after buying an additional 2,332 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in William Lyon Homes by 25.0% during the fourth quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the construction company’s stock valued at $349,000 after buying an additional 2,400 shares in the last quarter. Thrivent Financial For Lutherans lifted its position in William Lyon Homes by 20.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 17,335 shares of the construction company’s stock valued at $504,000 after buying an additional 2,935 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in William Lyon Homes by 10.5% during the fourth quarter. California State Teachers Retirement System now owns 42,890 shares of the construction company’s stock valued at $1,247,000 after buying an additional 4,063 shares in the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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William Lyon Homes Company Profile

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. It sells its homes primarily to entry-level, and first-time and second-time move-up homebuyers, as well as to luxury home and active adult markets under the Village Homes and Polygon Northwest Homes brands through in-house commissioned sales personnel and outside brokers.

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Earnings History and Estimates for William Lyon Homes (NYSE:WLH)

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