Brokerages Anticipate William Lyon Homes (WLH) Will Announce Quarterly Sales of $546.93 Million

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Wall Street brokerages predict that William Lyon Homes (NYSE:WLH) will announce sales of $546.93 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for William Lyon Homes’ earnings. The lowest sales estimate is $545.60 million and the highest is $548.25 million. William Lyon Homes reported sales of $490.34 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.5%. The company is scheduled to announce its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that William Lyon Homes will report full-year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.22 billion to $2.30 billion. For the next financial year, analysts expect that the company will post sales of $2.44 billion, with estimates ranging from $2.24 billion to $2.63 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover William Lyon Homes.

William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. William Lyon Homes had a return on equity of 10.93% and a net margin of 3.48%. The company had revenue of $519.45 million for the quarter, compared to analysts’ expectations of $507.27 million. During the same period in the previous year, the firm posted $0.49 EPS. William Lyon Homes’s revenue was up 22.9% compared to the same quarter last year.

WLH has been the topic of several recent research reports. Zacks Investment Research cut William Lyon Homes from a “buy” rating to a “hold” rating in a report on Wednesday, June 6th. Citigroup decreased their price objective on William Lyon Homes from $29.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, June 20th. ValuEngine cut William Lyon Homes from a “hold” rating to a “sell” rating in a report on Thursday, June 21st. Finally, Wedbush set a $35.00 price objective on William Lyon Homes and gave the company an “outperform” rating in a report on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Shares of William Lyon Homes stock traded down $0.16 on Friday, hitting $15.89. 507,200 shares of the company were exchanged, compared to its average volume of 431,341. The stock has a market cap of $635.72 million, a P/E ratio of 7.19 and a beta of 1.49. William Lyon Homes has a 1-year low of $15.76 and a 1-year high of $32.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.77 and a quick ratio of 0.15.

In other news, major shareholder Gmt Capital Corp sold 10,790 shares of the company’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $23.75, for a total transaction of $256,262.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 21.33% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in William Lyon Homes in the second quarter valued at $152,000. SG Americas Securities LLC purchased a new position in William Lyon Homes in the second quarter valued at $193,000. Eqis Capital Management Inc. purchased a new position in William Lyon Homes in the second quarter valued at $202,000. MetLife Investment Advisors LLC increased its holdings in William Lyon Homes by 20.3% in the first quarter. MetLife Investment Advisors LLC now owns 14,816 shares of the construction company’s stock valued at $407,000 after buying an additional 2,501 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in William Lyon Homes by 1,788.0% in the first quarter. Citigroup Inc. now owns 15,236 shares of the construction company’s stock valued at $419,000 after buying an additional 14,429 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors and hedge funds.

About William Lyon Homes

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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