FY2019 EPS Estimates for William Lyon Homes (NYSE:WLH) Cut by Wedbush

William Lyon Homes (NYSE:WLH) – Analysts at Wedbush dropped their FY2019 earnings per share estimates for William Lyon Homes in a research note issued to investors on Thursday, May 2nd, according to Zacks Investment Research. Wedbush analyst J. Mccanless now forecasts that the construction company will post earnings per share of $1.85 for the year, down from their prior estimate of $2.00. Wedbush also issued estimates for William Lyon Homes’ Q1 2020 earnings at $0.44 EPS, Q2 2020 earnings at $0.58 EPS, Q3 2020 earnings at $0.64 EPS and Q4 2020 earnings at $0.89 EPS.

Several other equities analysts also recently commented on the company. Zacks Investment Research reaffirmed a “sell” rating on shares of William Lyon Homes in a research report on Saturday, May 11th. ValuEngine downgraded William Lyon Homes from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 1st. Finally, Citigroup set a $15.00 price objective on William Lyon Homes and gave the company a “hold” rating in a research report on Friday, February 15th.

William Lyon Homes stock traded up $0.21 during mid-day trading on Monday, hitting $18.66. The company’s stock had a trading volume of 373,474 shares, compared to its average volume of 571,506. The company has a market capitalization of $699.90 million, a PE ratio of 7.71 and a beta of 1.68. The company has a quick ratio of 0.13, a current ratio of 5.33 and a debt-to-equity ratio of 1.35. William Lyon Homes has a one year low of $9.85 and a one year high of $25.82.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. The company had revenue of $455.86 million for the quarter, compared to the consensus estimate of $410.18 million. William Lyon Homes had a return on equity of 9.25% and a net margin of 4.21%. William Lyon Homes’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS.

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc grew its position in shares of William Lyon Homes by 843.2% during the 1st quarter. Versant Capital Management Inc now owns 2,094 shares of the construction company’s stock worth $32,000 after buying an additional 1,872 shares in the last quarter. Bank of Montreal Can grew its position in shares of William Lyon Homes by 638.7% during the 4th quarter. Bank of Montreal Can now owns 4,004 shares of the construction company’s stock worth $43,000 after buying an additional 3,462 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of William Lyon Homes by 848.6% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,136 shares of the construction company’s stock worth $64,000 after buying an additional 3,700 shares in the last quarter. Quantamental Technologies LLC grew its position in shares of William Lyon Homes by 283.3% during the 1st quarter. Quantamental Technologies LLC now owns 4,600 shares of the construction company’s stock worth $71,000 after buying an additional 3,400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA bought a new position in shares of William Lyon Homes during the 1st quarter worth $102,000. 89.11% of the stock is currently owned by institutional investors and hedge funds.

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, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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

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