Wedbush Comments on William Lyon Homes’ FY2018 Earnings (WLH)
William Lyon Homes (NYSE:WLH) – Research analysts at Wedbush dropped their FY2018 EPS estimates for shares of William Lyon Homes in a report issued on Thursday, September 20th. Wedbush analyst J. Mccanless now expects that the construction company will post earnings per share of $2.51 for the year, down from their prior estimate of $3.06. Wedbush currently has a “Neutral” rating and a $22.00 target price on the stock. Wedbush also issued estimates for William Lyon Homes’ Q4 2018 earnings at $1.06 EPS, Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.96 EPS and FY2019 earnings at $2.43 EPS.
Several other research firms have also recently weighed in on WLH. Citigroup cut their price target on William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Thursday, August 2nd. Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, ValuEngine cut William Lyon Homes from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. William Lyon Homes presently has a consensus rating of “Hold” and an average price target of $27.25.
William Lyon Homes (NYSE:WLH) last released its quarterly earnings results on Tuesday, July 31st. The construction company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $519.45 million during the quarter, compared to analysts’ expectations of $507.27 million. William Lyon Homes had a return on equity of 10.93% and a net margin of 3.48%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS.
Several institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its holdings in shares of William Lyon Homes by 4.3% in the 1st quarter. Swiss National Bank now owns 49,000 shares of the construction company’s stock worth $1,347,000 after purchasing an additional 2,000 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of William Lyon Homes by 11.7% in the 1st quarter. Thrivent Financial for Lutherans now owns 19,362 shares of the construction company’s stock worth $532,000 after purchasing an additional 2,027 shares during the period. MetLife Investment Advisors LLC boosted its holdings in shares of William Lyon Homes by 20.3% in the 1st quarter. MetLife Investment Advisors LLC now owns 14,816 shares of the construction company’s stock worth $407,000 after purchasing an additional 2,501 shares during the period. Sei Investments Co. boosted its holdings in shares of William Lyon Homes by 15.6% in the 1st quarter. Sei Investments Co. now owns 18,980 shares of the construction company’s stock worth $522,000 after purchasing an additional 2,557 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in shares of William Lyon Homes by 20.4% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 15,570 shares of the construction company’s stock worth $428,000 after purchasing an additional 2,640 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.
In other news, major shareholder Gmt Capital Corp sold 10,790 shares of William Lyon Homes stock in a transaction that occurred on Tuesday, July 10th. The stock was sold at an average price of $23.75, for a total value of $256,262.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 21.33% of the stock is currently owned by insiders.
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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