William Lyon Homes (WLH) Releases Earnings Results, Beats Expectations By $0.04 EPS

William Lyon Homes (WLH) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.24 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.20. The company posted revenue of $264.40 million in the period, compared to analysts expectations of $235.94 million. The company’s revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

William Lyon Homes opened for trading at $12.94 and hit $13.22 on the upside on Friday, eventually ending the session at $13.16, with a gain of 1.78% or 0.23 points. The heightened volatility saw the trading volume jump to 5,94,258 shares. Company has a market cap of $417 M.

In a different news, on Dec 16, 2015, William Lyon (Executive Chairman) purchased 6,000 shares at $15.69 per share price. According to the SEC, on Nov 19, 2015, Matthew R Zaist (CEO) purchased 6,000 shares at $16.11 per share price. On Nov 18, 2015, Gary H Hunt (director) purchased 1,840 shares at $16.00 per share price, according to the Form-4 filing with the securities and exchange commission.

William Lyon Homes is a regional homebuilder. The Company is engaged in the design construction marketing and sale of single-family detached and attached homes in California Arizona Nevada Colorado Washington and Oregon. The Company operates in six segments: California Arizona Nevada Colorado Washington and Oregon. The Company’s core markets include Orange County Los Angeles San Diego the Inland Empire the San Francisco Bay Area Phoenix Las Vegas Denver Fort Collins Seattle and Portland. The Company has a total of around 17542 lots owned or controlled and sells homes out of around 56 selling communities. The Company builds and sells across a range of product lines with a focus on sales to entry-level first-time move-up and second-time move-up homebuyers. The Company operates in around 11 core markets across six Western states in the United States. It builds decorates furnishes and landscapes three to five model homes for each product line.

William Lyon Homes

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