$604.32 Million in Sales Expected for Lyon William Homes (WLH) This Quarter
Wall Street analysts expect that Lyon William Homes (NYSE:WLH) will report sales of $604.32 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Lyon William Homes’ earnings, with the highest sales estimate coming in at $612.00 million and the lowest estimate coming in at $596.63 million. Lyon William Homes reported sales of $473.25 million in the same quarter last year, which suggests a positive year over year growth rate of 27.7%. The business is scheduled to report its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that Lyon William Homes will report full year sales of $604.32 million for the current year, with estimates ranging from $1.76 billion to $1.78 billion. For the next financial year, analysts expect that the business will post sales of $1.96 billion per share, with estimates ranging from $1.94 billion to $1.98 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Lyon William Homes.
Lyon William Homes (NYSE:WLH) last released its earnings results on Tuesday, October 31st. The construction company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. Lyon William Homes had a net margin of 3.61% and a return on equity of 9.33%. The company had revenue of $490.34 million during the quarter, compared to the consensus estimate of $486.57 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue was up 43.1% compared to the same quarter last year.
A number of brokerages have weighed in on WLH. UBS AG lifted their price target on shares of Lyon William Homes from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush reaffirmed a “neutral” rating and issued a $27.00 price target (up previously from $22.00) on shares of Lyon William Homes in a research note on Wednesday. Zelman & Associates raised shares of Lyon William Homes from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research lowered shares of Lyon William Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. Finally, BidaskClub lowered shares of Lyon William Homes from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.88.
In other Lyon William Homes news, major shareholder Paulson Property Management Ii sold 3,322,666 shares of Lyon William Homes stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $23.81, for a total value of $79,112,677.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Gmt Capital Corp sold 15,450 shares of Lyon William Homes stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.70, for a total transaction of $350,715.00. Following the completion of the transaction, the insider now directly owns 3,829,367 shares in the company, valued at approximately $86,926,630.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,424,766 shares of company stock worth $81,514,687. Insiders own 21.33% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Systematic Financial Management LP bought a new stake in shares of Lyon William Homes in the second quarter worth $3,170,000. Louisiana State Employees Retirement System bought a new stake in shares of Lyon William Homes in the second quarter worth $232,000. Prudential Financial Inc. bought a new stake in shares of Lyon William Homes in the first quarter worth $819,000. Bank of America Corp DE lifted its position in shares of Lyon William Homes by 176.6% in the first quarter. Bank of America Corp DE now owns 38,365 shares of the construction company’s stock worth $791,000 after purchasing an additional 24,496 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Lyon William Homes by 7.1% in the first quarter. American International Group Inc. now owns 14,725 shares of the construction company’s stock worth $304,000 after purchasing an additional 974 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors and hedge funds.
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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