$615.64 Million in Sales Expected for William Lyon Homes (WLH) This Quarter

Analysts predict that William Lyon Homes (NYSE:WLH) will post $615.64 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for William Lyon Homes’ earnings, with estimates ranging from $612.38 million to $618.90 million. William Lyon Homes posted sales of $473.25 million during the same quarter last year, which suggests a positive year over year growth rate of 30.1%. The company is expected to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that William Lyon Homes will report full-year sales of $615.64 million for the current year, with estimates ranging from $1.78 billion to $1.79 billion. For the next financial year, analysts expect that the firm will post sales of $1.97 billion per share, with estimates ranging from $1.97 billion to $1.98 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for William Lyon Homes.

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

Several brokerages have issued reports on WLH. Wedbush restated a “neutral” rating and set a $27.00 price objective (up from $22.00) on shares of William Lyon Homes in a research report on Wednesday, November 1st. UBS began coverage on shares of William Lyon Homes in a research report on Wednesday, October 25th. They set a “neutral” rating and a $25.00 price objective for the company. Finally, Zelman & Associates upgraded shares of William Lyon Homes from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $27.88.

In other news, CEO Matthew R. Zaist sold 25,000 shares of William Lyon Homes stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $28.83, for a total value of $720,750.00. Following the completion of the sale, the chief executive officer now directly owns 205,377 shares in the company, valued at $5,921,018.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gary H. Hunt sold 2,500 shares of William Lyon Homes stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $29.33, for a total transaction of $73,325.00. Following the completion of the sale, the director now owns 29,298 shares of the company’s stock, valued at $859,310.34. The disclosure for this sale can be found here. Insiders have sold 96,651 shares of company stock valued at $2,791,729 over the last 90 days. Company insiders own 22.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of William Lyon Homes in the third quarter valued at approximately $249,000. Algert Global LLC acquired a new stake in shares of William Lyon Homes in the third quarter valued at approximately $2,266,000. Cubist Systematic Strategies LLC acquired a new stake in shares of William Lyon Homes in the third quarter valued at approximately $631,000. Maltese Capital Management LLC acquired a new stake in shares of William Lyon Homes in the third quarter valued at approximately $2,674,000. Finally, KBC Group NV acquired a new stake in shares of William Lyon Homes in the third quarter valued at approximately $214,000. Institutional investors own 98.13% of the company’s stock.

William Lyon Homes (WLH) opened at $28.34 on Thursday. 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. The company has a market capitalization of $903.41, a PE ratio of 15.18 and a beta of 2.14.

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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.

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

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