Wall Street brokerages expect that William Lyon Homes (NYSE:WLH) will report earnings of $0.64 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for William Lyon Homes’ earnings. The lowest EPS estimate is $0.62 and the highest is $0.65. William Lyon Homes posted earnings of $0.71 per share during the same quarter last year, which suggests a negative year over year growth rate of 9.9%. The company is expected to report its next earnings report on Tuesday, October 30th.

On average, analysts expect that William Lyon Homes will report full-year earnings of $3.07 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $3.94 per share, with EPS estimates ranging from $3.85 to $4.02. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for William Lyon Homes.

William Lyon Homes (NYSE:WLH) last released its earnings results on Tuesday, July 31st. The construction company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The company had revenue of $519.45 million for 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 business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS.

WLH has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, August 8th. ValuEngine cut William Lyon Homes from a “buy” rating to a “hold” rating in a research note on Friday, May 11th. Citigroup lowered their target price on William Lyon Homes from $29.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 20th. Finally, Wedbush set a $35.00 target price on William Lyon Homes and gave the stock an “outperform” rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. William Lyon Homes has a consensus rating of “Hold” and an average target price of $30.50.

In other news, major shareholder Gmt Capital Corp sold 10,790 shares of William Lyon Homes stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $23.75, for a total transaction of $256,262.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 21.33% of the company’s stock.

A number of institutional investors have recently made changes to their positions in WLH. Real Estate Management Services LLC purchased a new stake in shares of William Lyon Homes in the second quarter worth $13,643,000. BlackRock Inc. boosted its position in shares of William Lyon Homes by 9.7% during the first quarter. BlackRock Inc. now owns 4,756,350 shares of the construction company’s stock valued at $130,751,000 after buying an additional 422,182 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of William Lyon Homes by 188.4% during the first quarter. Principal Financial Group Inc. now owns 603,247 shares of the construction company’s stock valued at $16,584,000 after buying an additional 394,088 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of William Lyon Homes by 14.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,767,278 shares of the construction company’s stock valued at $76,072,000 after buying an additional 347,241 shares during the last quarter. Finally, Systematic Financial Management LP boosted its position in shares of William Lyon Homes by 1,849.9% during the first quarter. Systematic Financial Management LP now owns 311,985 shares of the construction company’s stock valued at $8,576,000 after buying an additional 295,985 shares during the last quarter. Institutional investors and hedge funds own 83.62% of the company’s stock.

Shares of NYSE WLH traded down $0.57 during mid-day trading on Friday, reaching $17.93. 6,858 shares of the company’s stock were exchanged, compared to its average volume of 332,574. The stock has a market capitalization of $734.08 million, a price-to-earnings ratio of 8.26 and a beta of 1.49. William Lyon Homes has a 52 week low of $18.45 and a 52 week high of $32.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 5.77 and a quick ratio of 0.15.

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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Earnings History and Estimates for William Lyon Homes (NYSE:WLH)

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