Analysts Expect William Lyon Homes (NYSE:WLH) to Post $0.26 EPS

Analysts predict that William Lyon Homes (NYSE:WLH) will report earnings of $0.26 per share for the current quarter, according to Zacks. Two analysts have made estimates for William Lyon Homes’ earnings, with the lowest EPS estimate coming in at $0.23 and the highest estimate coming in at $0.28. William Lyon Homes reported earnings per share of $0.68 in the same quarter last year, which would suggest a negative year over year growth rate of 61.8%. The company is scheduled to issue its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that William Lyon Homes will report full year earnings of $1.49 per share for the current year. For the next fiscal year, analysts expect that the business will report earnings of $2.28 per share, with EPS estimates ranging from $2.24 to $2.32. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow William Lyon Homes.

William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). The firm had revenue of $465.47 million for the quarter, compared to analysts’ expectations of $472.24 million. William Lyon Homes had a net margin of 3.75% and a return on equity of 8.07%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 EPS.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a report on Saturday, October 5th. Wedbush upgraded William Lyon Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $20.00 to $21.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. ValuEngine cut William Lyon Homes from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, JMP Securities raised William Lyon Homes from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.67.

NYSE WLH traded up $0.82 during trading on Wednesday, hitting $20.92. 377,753 shares of the stock traded hands, compared to its average volume of 419,798. The company has a market capitalization of $752.14 million, a P/E ratio of 8.64 and a beta of 1.30. The firm has a 50-day simple moving average of $19.38 and a 200-day simple moving average of $18.45. The company has a quick ratio of 0.11, a current ratio of 5.54 and a debt-to-equity ratio of 1.38. William Lyon Homes has a 12-month low of $9.85 and a 12-month high of $21.01.

Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in shares of William Lyon Homes by 126.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 25,367 shares of the construction company’s stock valued at $516,000 after purchasing an additional 14,154 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of William Lyon Homes by 11.8% in the 2nd quarter. Royal Bank of Canada now owns 62,331 shares of the construction company’s stock valued at $1,135,000 after purchasing an additional 6,565 shares during the last quarter. Verition Fund Management LLC bought a new stake in shares of William Lyon Homes in the 2nd quarter valued at approximately $264,000. United Services Automobile Association lifted its stake in shares of William Lyon Homes by 5.8% in the 2nd quarter. United Services Automobile Association now owns 19,102 shares of the construction company’s stock valued at $348,000 after purchasing an additional 1,055 shares during the last quarter. Finally, Factorial Partners LLC bought a new stake in shares of William Lyon Homes in the 2nd quarter valued at approximately $576,000. 84.42% of the stock is owned by institutional investors and hedge funds.

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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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

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