Ryland Group (RYL) Tops Q1 EPS by 1c

Ryland Group (NYSE: RYL) reported Q1 EPS of $0.47, $0.01 better than the analyst estimate of $0.46. Revenue for the quarter came in at $517.4 million versus the consensus estimate of $503.9 million.

• New order dollars rose 11.5 percent to $813.3 million for the first quarter of 2015, compared to the same period in 2014, and new orders increased 9.3 percent to 2,389 units for the first quarter of 2015, compared to the first quarter of 2014;
• The dollar value of the Company’s backlog was $1.2 billion at March 31, 2015, an 11.5 percent increase from March 31, 2014. Backlog rose 6.0 percent to 3,543 units at March 31, 2015, from March 31, 2014;
• Average closing price increased 4.9 percent to $343,000 for the quarter ended March 31, 2015, from $327,000 for the same period in 2014;

For earnings history and earnings-related data on Ryland Group (RYL) click here.

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