Equities research analysts forecast that Lyon William Homes (NYSE:WLH) will post earnings of $0.67 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Lyon William Homes’ earnings. The highest EPS estimate is $0.67 and the lowest is $0.66. Lyon William Homes posted earnings per share of $0.34 in the same quarter last year, which would indicate a positive year-over-year growth rate of 97.1%. The business is scheduled to issue its next earnings results before the market opens on Tuesday, October 31st.
On average, analysts expect that Lyon William Homes will report full-year earnings of $2.24 per share for the current financial year. For the next financial year, analysts anticipate that the firm will report earnings of $2.80 per share, with EPS estimates ranging from $2.78 to $2.81. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover Lyon William Homes.
Lyon William Homes (NYSE:WLH) last released its quarterly earnings data on Tuesday, October 31st. The construction company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.04. The firm had revenue of $490.34 million for the quarter, compared to analyst estimates of $486.57 million. Lyon William Homes had a net margin of 3.01% and a return on equity of 7.72%. The company’s revenue for the quarter was up 43.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS.
A number of research firms have recently issued reports on WLH. Citigroup Inc. reiterated a “buy” rating and issued a $27.50 price objective (up from $27.00) on shares of Lyon William Homes in a report on Tuesday, July 18th. Zacks Investment Research downgraded shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Zelman & Associates upgraded shares of Lyon William Homes from a “hold” rating to a “buy” rating in a report on Friday. BidaskClub downgraded shares of Lyon William Homes from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, UBS AG started coverage on shares of Lyon William Homes in a report on Wednesday, October 25th. They issued a “neutral” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.88.
In other Lyon William Homes news, Director Gary H. Hunt sold 8,500 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $22.87, for a total transaction of $194,395.00. Following the transaction, the director now directly owns 31,798 shares in the company, valued at approximately $727,220.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gmt Capital Corp sold 36,550 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $23.09, for a total value of $843,939.50. Following the transaction, the insider now owns 3,792,817 shares in the company, valued at $87,576,144.53. The disclosure for this sale can be found here. Insiders sold 3,424,766 shares of company stock valued at $81,514,687 in the last ninety days. 21.33% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in shares of Lyon William Homes by 79.9% in the 1st quarter. Victory Capital Management Inc. now owns 5,012 shares of the construction company’s stock worth $103,000 after purchasing an additional 2,226 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Lyon William Homes by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,663 shares of the construction company’s stock valued at $112,000 after acquiring an additional 2,063 shares in the last quarter. Mason Street Advisors LLC bought a new position in Lyon William Homes during the 1st quarter valued at $113,000. Quantbot Technologies LP bought a new position in Lyon William Homes during the 2nd quarter valued at $122,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Lyon William Homes during the 2nd quarter valued at $133,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.
Lyon William Homes (NYSE:WLH) traded up 7.19% on Friday, reaching $26.83. 538,779 shares of the company’s stock traded hands. The firm has a market cap of $857.11 million, a price-to-earnings ratio of 23.09 and a beta of 1.74. The stock’s 50 day moving average is $23.49 and its 200 day moving average is $23.11. Lyon William Homes has a 52-week low of $15.60 and a 52-week high of $27.05.
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Lyon William 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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