William Lyon Homes (WLH) Expected to Post Quarterly Sales of $411.82 Million
Equities research analysts forecast that William Lyon Homes (NYSE:WLH) will post $411.82 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for William Lyon Homes’ earnings. The lowest sales estimate is $411.40 million and the highest is $412.24 million. William Lyon Homes reported sales of $373.37 million during the same quarter last year, which indicates a positive year over year growth rate of 10.3%. The business is expected to report its next earnings report on Tuesday, May 14th.
According to Zacks, analysts expect that William Lyon Homes will report full year sales of $2.02 billion for the current financial year, with estimates ranging from $1.95 billion to $2.09 billion. For the next year, analysts anticipate that the firm will report sales of $2.13 billion, with estimates ranging from $2.01 billion to $2.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover William Lyon Homes.
William Lyon Homes (NYSE:WLH) last posted its quarterly earnings data on Thursday, February 14th. The construction company reported $0.91 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by ($0.15). William Lyon Homes had a net margin of 4.39% and a return on equity of 9.94%. The company had revenue of $659.65 million for the quarter, compared to analyst estimates of $715.62 million. During the same period in the prior year, the company earned $0.89 EPS. The company’s revenue was up 5.6% compared to the same quarter last year.
Several large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of William Lyon Homes by 20.7% during the 3rd quarter. BlackRock Inc. now owns 5,956,832 shares of the construction company’s stock worth $94,654,000 after purchasing an additional 1,019,969 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of William Lyon Homes by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,802,485 shares of the construction company’s stock worth $44,532,000 after purchasing an additional 16,462 shares during the period. Principal Financial Group Inc. grew its holdings in shares of William Lyon Homes by 79.1% during the 4th quarter. Principal Financial Group Inc. now owns 1,760,520 shares of the construction company’s stock worth $18,820,000 after purchasing an additional 777,409 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of William Lyon Homes by 180.2% during the 4th quarter. Bank of New York Mellon Corp now owns 1,448,137 shares of the construction company’s stock worth $15,480,000 after purchasing an additional 931,224 shares during the period. Finally, Seacliff Capital LLC purchased a new stake in shares of William Lyon Homes during the 4th quarter worth about $6,414,000. Institutional investors and hedge funds own 91.93% of the company’s stock.
Shares of NYSE WLH traded down $0.07 on Tuesday, reaching $15.16. 571,899 shares of the company traded hands, compared to its average volume of 488,798. William Lyon Homes has a fifty-two week low of $9.85 and a fifty-two week high of $29.81. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.54 and a quick ratio of 0.08. The company has a market cap of $556.98 million, a P/E ratio of 6.26 and a beta of 1.65.
William Lyon Homes Company Profile
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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