Compass Point Reiterates a 'Neutral' on Ryland Homes (RYL); Adjusting Estimates Ahead of Q1 Release

Compass Point reiterates a 'Neutral' on Ryland Homes (NYSE: RYL) price target of $19.00.

Analyst, Wilkes Graham, said, "Ahead of the company’s 1Q12 earnings release on Wednesday night, we are previewing earnings and adjusting our quarterly estimates to better reflect seasonality in G&A. We now forecast a loss of -$0.08/share for 1Q12, driven by an 14.4% home building margin, 14.0% home building G&A margin, 2.7% corporate G&A margin, 15% growth in orders and 29% growth in closings."

"Our annual earnings estimates are unchanged at $0.38 and $1.08 for 2012 and 2013, respectively. We continue to forecast annual closings of 20% in 2012 and 2013, and order growth of 15% in each year."

For an analyst ratings summary and ratings history on Ryland Homes click here. For more ratings news on Ryland Homes click here.

Shares of Ryland Homes closed at $17.73 yesterday.

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