Brokers Set Expectations for William Lyon Homes’ Q4 2017 Earnings (WLH)

William Lyon Homes (NYSE:WLH) – Equities researchers at Wedbush decreased their Q4 2017 earnings per share (EPS) estimates for William Lyon Homes in a research note issued to investors on Monday. Wedbush analyst J. Mccanless now forecasts that the construction company will earn $0.84 per share for the quarter, down from their previous forecast of $0.85. Wedbush has a “Neutral” rating and a $27.00 price target on the stock. Wedbush also issued estimates for William Lyon Homes’ Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.72 EPS, Q4 2018 earnings at $0.89 EPS and FY2018 earnings at $2.42 EPS.

William Lyon Homes (NYSE:WLH) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $490.34 million during the quarter, compared to the consensus estimate of $486.57 million. William Lyon Homes had a net margin of 3.61% and a return on equity of 9.33%. The firm’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS.

Other equities analysts also recently issued reports about the stock. Zelman & Associates raised shares of William Lyon Homes from a “hold” rating to a “buy” rating in a report on Friday, October 27th. UBS lifted their price target on shares of William Lyon Homes from $25.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $27.88.

William Lyon Homes (NYSE WLH) opened at $28.99 on Tuesday. The company has a market cap of $901.21, a PE ratio of 14.81 and a beta of 1.81. William Lyon Homes has a 1-year low of $16.37 and a 1-year high of $30.79. The company has a current ratio of 10.77, a quick ratio of 0.30 and a debt-to-equity ratio of 1.33.

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP acquired a new stake in William Lyon Homes in the 2nd quarter valued at about $122,000. Municipal Employees Retirement System of Michigan acquired a new stake in William Lyon Homes in the 2nd quarter valued at about $133,000. Victory Capital Management Inc. increased its position in William Lyon Homes by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,896 shares of the construction company’s stock valued at $142,000 after acquiring an additional 884 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in William Lyon Homes by 61.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,810 shares of the construction company’s stock valued at $164,000 after acquiring an additional 2,603 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in William Lyon Homes in the 3rd quarter valued at about $193,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.

In other William Lyon Homes news, CFO Colin T. Severn sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $29.26, for a total value of $219,450.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew R. Zaist sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $28.83, for a total transaction of $720,750.00. Following the completion of the sale, the chief executive officer now owns 205,377 shares of the company’s stock, valued at approximately $5,921,018.91. The disclosure for this sale can be found here. Insiders have sold a total of 61,100 shares of company stock valued at $1,765,727 over the last three months. 22.30% of the stock is currently owned by insiders.

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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.

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

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