MJ Gleeson (LON:GLE) Issues Earnings Results

MJ Gleeson (LON:GLE) issued its quarterly earnings data on Tuesday. The company reported GBX 14.09 EPS for the quarter, Digital Look Earnings reports. MJ Gleeson had a return on equity of 4.67% and a net margin of 3.76%.

Here are the key takeaways from MJ Gleeson’s conference call:

• Market conditions remain difficult: Homes’ net reservation rate was just 0.51, falling to 0.44 in the nine weeks to the latest weekend, while selling-price growth was only about 1% and build-cost inflation remained around 3%–4%.
• Group adjusted profit before tax declined to £10.8 million, reflecting margin compression in Homes and delayed land transactions; the proposed total dividend was reduced to 5p per share.
• Management said Project Transform has materially strengthened Gleeson Homes through a regional restructure, tighter land-buying controls and portfolio rationalization. Customer satisfaction improved to four stars in 2025, with the business currently tracking at five stars for 2026.
• Partnerships gained momentum, contributing 320 completions, or 16% of Homes volumes, with management encouraged by increased interest following government funding announcements and targeting more profitable golden-brick and forward-funded arrangements.
• The balance sheet remains strong, with only £2.6 million of net borrowings and low land creditors, while the Land pipeline was expanded through new promotion agreements and planning applications. However, slow planning, developer caution and a delayed major sale mean site openings are expected to remain subdued through FY2027 and likely FY2028.

MJ Gleeson Trading Up 0.6%

Shares of LON:GLE traded up GBX 1.50 during trading on Tuesday, reaching GBX 248. 151,112 shares of the company traded hands, compared to its average volume of 128,685. The firm has a market capitalization of £144.67 million, a price-to-earnings ratio of 10.11 and a beta of 0.62. The business’s fifty day moving average is GBX 267.19 and its 200-day moving average is GBX 263.80. MJ Gleeson has a 52-week low of GBX 214.09 and a 52-week high of GBX 435. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86.

Analysts Set New Price Targets

Separately, Berenberg Bank dropped their price objective on MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 310.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.