Ticonderoga Maintains a 'Buy' on Ryland Homes (RYL); Subdued Market Slows, Not Derails, Operational Progress
Tweet
Share
E-mailGet Alerts RYL Hot Sheet
Price: $40.83 --0%
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Ticonderoga maintains a 'Buy' on Ryland Homes (NYSE: RYL), PT $19.50.
Ticonderoga analyst says, "When we upgraded this equity on March 15th, we saw a story that had finally started playing offense instead of defense and traded at an attractive valuation in absolute and relative terms. Today, the world looks rockier not only for RYL but all builders as the spring selling season has sputtered. RYL’s turn now appears to be pushed out another quarter or so as lack of volumes weighs on the results. However, we see nothing that conflicts with our original thesis, which highlighted management’s execution of community growth and cost reduction. In other words, we are still attracted to RYL’s equity for the same reasons as before. We believe investors should buy the equity on any pullback that may occur."
"Our EPS estimates are for a loss of $0.40 in 2011, and earnings of $0.82 in 2012. Our prior estimates were a positive $0.09 and $0.96, respectively."
For more ratings news on Ryland Homes click here and for the rating history of Ryland Homes click here.
Shares of Ryland Homes closed at $17.34 yesterday.
Ticonderoga analyst says, "When we upgraded this equity on March 15th, we saw a story that had finally started playing offense instead of defense and traded at an attractive valuation in absolute and relative terms. Today, the world looks rockier not only for RYL but all builders as the spring selling season has sputtered. RYL’s turn now appears to be pushed out another quarter or so as lack of volumes weighs on the results. However, we see nothing that conflicts with our original thesis, which highlighted management’s execution of community growth and cost reduction. In other words, we are still attracted to RYL’s equity for the same reasons as before. We believe investors should buy the equity on any pullback that may occur."
"Our EPS estimates are for a loss of $0.40 in 2011, and earnings of $0.82 in 2012. Our prior estimates were a positive $0.09 and $0.96, respectively."
For more ratings news on Ryland Homes click here and for the rating history of Ryland Homes click here.
Shares of Ryland Homes closed at $17.34 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
- Movano (MOVE) Misses Q2 EPS by 195c
- Hydrofarm Holdings Group, Inc. (HYFM) Misses Q2 EPS by 134c
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
