Wedbush Weighs in on William Lyon Homes’ Q4 2017 Earnings (WLH)

William Lyon Homes (NYSE:WLH) – Stock analysts at Wedbush lowered their Q4 2017 EPS estimates for shares of William Lyon Homes in a report issued 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 estimate of $0.85. Wedbush currently 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.

A number of other research analysts have also issued reports on WLH. UBS raised their target price on shares of William Lyon Homes from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Zelman & Associates upgraded shares of William Lyon Homes from a “hold” rating to a “buy” rating in a research note 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 stock. The company currently has an average rating of “Hold” and a consensus price target of $27.88.

William Lyon Homes (NYSE WLH) traded down $0.05 during trading hours on Tuesday, reaching $28.34. 157,100 shares of the company were exchanged, compared to its average volume of 326,643. William Lyon Homes has a 1-year low of $16.37 and a 1-year high of $30.79. The company has a quick ratio of 0.30, a current ratio of 10.77 and a debt-to-equity ratio of 1.33. The firm has a market cap of $904.39, a price-to-earnings ratio of 14.86 and a beta of 1.81.

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

In other William Lyon Homes news, major shareholder Gmt Capital Corp sold 35,551 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $28.86, for a total value of $1,026,001.86. Following the sale, the insider now directly owns 3,696,086 shares in the company, valued at approximately $106,669,041.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary H. Hunt sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was 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 in the company, valued at $859,310.34. The disclosure for this sale can be found here. Insiders sold a total of 96,651 shares of company stock worth $2,791,729 over the last quarter. 21.33% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP acquired a new stake in William Lyon Homes in the 3rd quarter worth $249,000. Algert Global LLC acquired a new stake in William Lyon Homes in the 3rd quarter worth $2,266,000. Cubist Systematic Strategies LLC acquired a new stake in William Lyon Homes in the 3rd quarter worth $631,000. Maltese Capital Management LLC acquired a new stake in William Lyon Homes in the 3rd quarter worth $2,674,000. Finally, KBC Group NV acquired a new stake in shares of William Lyon Homes during the 3rd quarter valued at about $214,000. Institutional investors own 98.13% of the company’s stock.

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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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