William Lyon Homes (NYSE:WLH) – Wedbush lifted their FY2018 earnings estimates for William Lyon Homes in a research report issued on Tuesday, October 30th, according to Zacks Investment Research. Wedbush analyst J. Mccanless now anticipates that the construction company will post earnings of $2.64 per share for the year, up from their previous forecast of $2.51. Wedbush has a “Neutral” rating and a $22.00 price objective on the stock. Wedbush also issued estimates for William Lyon Homes’ Q4 2018 earnings at $1.12 EPS, Q1 2019 earnings at $0.31 EPS, Q4 2019 earnings at $1.03 EPS, FY2019 earnings at $2.44 EPS and FY2020 earnings at $2.56 EPS.
WLH has been the topic of several other reports. ValuEngine cut William Lyon Homes from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Citigroup reduced their price objective on William Lyon Homes from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Thursday, August 2nd. Finally, Zacks Investment Research cut William Lyon Homes from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.25.
NYSE WLH traded up $0.26 during trading hours on Friday, hitting $13.23. 150 shares of the company were exchanged, compared to its average volume of 966,692. The company has a debt-to-equity ratio of 1.52, a current ratio of 6.30 and a quick ratio of 0.14. William Lyon Homes has a 52 week low of $11.65 and a 52 week high of $32.95. The stock has a market capitalization of $518.37 million, a P/E ratio of 5.97 and a beta of 1.51.
William Lyon Homes (NYSE:WLH) last issued its earnings results on Tuesday, October 30th. The construction company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. William Lyon Homes had a return on equity of 10.33% and a net margin of 3.37%. The firm had revenue of $534.70 million for the quarter, compared to analysts’ expectations of $568.84 million. During the same period in the previous year, the firm posted $0.71 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of William Lyon Homes during the second quarter valued at approximately $152,000. SG Americas Securities LLC bought a new position in shares of William Lyon Homes during the second quarter valued at approximately $193,000. Eqis Capital Management Inc. bought a new position in shares of William Lyon Homes during the second quarter valued at approximately $202,000. Victory Capital Management Inc. bought a new position in shares of William Lyon Homes during the third quarter valued at approximately $333,000. Finally, Public Employees Retirement System of Ohio grew its stake in shares of William Lyon Homes by 38.2% during the second quarter. Public Employees Retirement System of Ohio now owns 17,010 shares of the construction company’s stock valued at $395,000 after buying an additional 4,703 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.
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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