Equities research analysts predict that William Lyon Homes (NYSE:WLH) will report $506.25 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for William Lyon Homes’ earnings, with the highest sales estimate coming in at $508.50 million and the lowest estimate coming in at $504.00 million. William Lyon Homes posted sales of $422.69 million in the same quarter last year, which suggests a positive year over year growth rate of 19.8%. The business is scheduled to announce its next quarterly earnings results on Monday, August 6th.
According to Zacks, analysts expect that William Lyon Homes will report full year sales of $2.23 billion for the current year, with estimates ranging from $2.23 billion to $2.24 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.50 billion per share, with estimates ranging from $2.47 billion to $2.53 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover William Lyon Homes.
William Lyon Homes (NYSE:WLH) last issued its quarterly earnings results on Tuesday, May 8th. The construction company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $373.36 million for the quarter, compared to analyst estimates of $328.28 million. William Lyon Homes had a return on equity of 10.99% and a net margin of 3.48%. The company’s quarterly revenue was up 44.2% compared to the same quarter last year. During the same period last year, the company earned $0.11 earnings per share.
Shares of William Lyon Homes traded down $0.30, reaching $24.60, during trading hours on Friday, according to MarketBeat Ratings. 525,848 shares of the company’s stock traded hands, compared to its average volume of 393,816. The firm has a market capitalization of $973.19 million, a price-to-earnings ratio of 11.13 and a beta of 1.50. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.14 and a current ratio of 5.10. William Lyon Homes has a twelve month low of $18.85 and a twelve month high of $32.95.
In related news, COO Brian W. Doyle sold 15,596 shares of William Lyon Homes stock in a transaction dated Wednesday, April 4th. The stock was 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 21.33% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH grew its holdings in William Lyon Homes by 8.1% during the first quarter. Allianz Asset Management GmbH now owns 120,244 shares of the construction company’s stock worth $3,306,000 after acquiring an additional 8,959 shares during the period. Principal Financial Group Inc. grew its holdings in William Lyon Homes by 188.4% during the first quarter. Principal Financial Group Inc. now owns 603,247 shares of the construction company’s stock worth $16,584,000 after acquiring an additional 394,088 shares during the period. Legal & General Group Plc grew its holdings in William Lyon Homes by 7.8% during the first quarter. Legal & General Group Plc now owns 54,212 shares of the construction company’s stock worth $1,482,000 after acquiring an additional 3,904 shares during the period. California State Teachers Retirement System grew its holdings in William Lyon Homes by 13.8% during the first quarter. California State Teachers Retirement System now owns 48,824 shares of the construction company’s stock worth $1,342,000 after acquiring an additional 5,934 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in William Lyon Homes by 14.9% during the first quarter. The Manufacturers Life Insurance Company now owns 23,669 shares of the construction company’s stock worth $651,000 after acquiring an additional 3,069 shares during the period. 83.93% of the stock is currently owned by hedge funds and other institutional investors.
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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