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Ryland Group Inc. (RYL)

- NYSE
  • Oct. 23, 2014, 10:23 AM
    • Pretax earnings of $78.9M up 46.2% Y/Y. Net income of $48.5M or $0.85 per share.
    • Closings of 2,018 units up 7.2% Y/Y, with ASP of $331K up 11.1%.
    • Housing gross profit margin of 22.2% up 160 basis points.
    • New Orders (excluding backlog acquired from Cornell Homes in July) up 13.6% in units, up 19.6% in dollars.
    • Backlog up 5.4% in units to 3,559, up 14.5% in dollars to $1.2B.
    • Active communities up 15.1% to 327. Controlled lots up 7% to 41,476.
    • 860K shares repurchased during quarter.
    • Previously: Ryland Group  beats by $0.05, misses on revenue
    • RYL -0.55%
    | 1 Comment
  • Oct. 23, 2014, 8:08 AM
    • Ryland Group  (NYSE:RYL): Q3 EPS of $0.85 beats by $0.05.
    • Revenue of $680.19M (+18.0% Y/Y) misses by $27.98M.
    • Press Release
    | Comment!
  • Oct. 8, 2014, 7:40 AM
    • Analyst Ken Zener expects: 1) Lower Q3 order growth than consensus 2) 18% lower earnings 3) A decline in the current 30% price to book premium to peers.
    • His $30 price target for Ryland (NYSE:RYL) equals 1.6x estimated book value, inline with peers' current average of 1.6x. It's also roughly 10x his $3.06 earnings estimate - the Street is at $3.62.
    | Comment!
  • Sep. 17, 2014, 10:04 AM
    • Lennar's sizable earnings beat included a 23% gain in new orders - a strong result given the slowdown seen from some other builders.
    • Previously: Lennar up 4.3% after reporting big quarter
    • ETFs: ITB +2.6%, XHB +1.8%
    • Individual players: Ryland (RYL +4.8%) Pulte (PHM +3.8%), Toll Bros. (TOL +3.2%), D.R. Horton (DHI +4%), Hovnanian (HOV +5.8%), KB Home (KBH +4.4%), Comstock (CHCI +4.2%), Standard Pacific (SPF +3.8%).
    | 2 Comments
  • Sep. 3, 2014, 10:16 AM
    • The homebuilders are lower in early action following Toll Brothers beating earnings estimates, but expressing caution on pricing power, and cutting guidance for full-year home deliveries.
    • ITB -0.8%, XHB -0.5%.
    • Individual names: Hovnanian (HOV -0.9%), Lennar (LEN -1.5%), KB Home (KBH -1.8%), PulteGroup (PHM -1.4%), D.R. Horton (DHI -1.1%), Ryland (RYL -1.5%), NVR (NVR -1.1%), Standard Pacific (SPF -1.1%).
    | 1 Comment
  • Aug. 19, 2014, 10:31 AM
    • A far-faster-than-expected 15.7% gain in housing starts in July has the homebuilders sharply higher. Lenner (LEN +2.6%), Comstock (CHCI +5.8%), Ryland (RYL +2.4%), Hovnanian (HOV +3.2%), D.R. Horton (DHI +2.1%), Toll Bros. (TOL +1.4%), PulteGroup (PHM +1.1%), KB Home (KBH +1.9%).
    • Commenting on the number, Bill McBride notes starts in Q1 averaged 925K on a seasonally-adjusted annualized rate, 997K in Q2, and that Q3 appears to be off to a solid start (1.093M in July). By year's end, McBride expects 2014 housing starts to increase by a double-digit pace over a weak 2013.
    | 3 Comments
  • Aug. 5, 2014, 12:45 PM
    • Cautious overall on small caps (NYSEARCA:IWM) due to valuation concerns, Goldman's David Kostin nevertheless has a list of 25 names with market caps less than $4B which could offer at least 25% upside to his firm's price target over the next year.
    • The list skews towards Consumer Discretionary - Lumber Lidquidators (LL +2.1%), Office Depot (ODP -2.4%), RetailMeNot (SALE -26.1%), Ryland (RYL +0.5%), Steven Madden (SHOO +2.7%), Vitamin Shoppe (VSI -8.2%) - and Tech - Universal Display (OLED -0.2%), Qlik Technologies (QLIK -1.6%), Proofpoint (PFPT -1.5%), Polycom (PLCM +0.2%), Nimble Storage (NMBL -0.3%), Marketo (MKTO +1.1%), Infinera (INFN +1.1%), Cornerstone Ondemand (CSOD -0.9%), GT Advanced Technology (GTAT +5.7%).
    • Also included are Health Care names: Agios Pharmaceuticals (AGIO -1.1%), NPS Pharma (NPSP +0.7%), NuVasive (NUVA -1.8%), Synageva (GEVA -1.6%); Consumer Staples: Darling Ingredients (DAR -0.8%); Materials: Axiall (AXLL -1%), Boise Cascade (BCC -0.9%); Industrials: Granite Construction (GVA +0.7%), Financials: MGIC Investment (MTG +1.2%), Radian (RDN +1.7%).
    | 4 Comments
  • Jul. 31, 2014, 8:53 AM
    • Net income from continuing operations of $32M or $0.57 per share vs. $231.2M and $4.16 a year ago. The items are not comparable due to 2013's reversal of the DTA valuation allowance.
    • Closings of 1.7K units up 2.5%; average closing price of $333K up 16%.
    • Housing gross profit margin of 21.2% up 80 basis points.
    • SG&A expense totaled 11.8% of homebuilding revenue vs. 12.4% a year ago.
    • New orders of 2,228 units up 1.7%, up 9.4% excluding backlog acquired from LionsGate Homes. New orders dollar amount of $761.2M up 12.5%.
    • Backlog of 3,870 units up 5.5%.
    • RYL +0.5% premarket
    • Previously: Ryland Group  misses by $0.11, misses on revenue
    | 1 Comment
  • Jul. 31, 2014, 8:05 AM
    • Ryland Group  (NYSE:RYL): Q2 EPS of $0.57 misses by $0.11.
    • Revenue of $577.38M (+17.1% Y/Y) misses by $41.13M.
    • Press Release
    | Comment!
  • Jul. 24, 2014, 5:25 PM
    • Ryland Group  (NYSE:RYL) declares $0.03/share quarterly dividend, in line with previous.
    • Forward yield 0.32%
    • Payable Oct. 30; for shareholders of record Oct. 15; ex-div Oct. 13.
    | Comment!
  • Jul. 24, 2014, 10:09 AM
    • The ITB is lower by 1.5% and the XHB by 0.7% with earlier earnings misses from Pulte (PHM -1.5%) and D.R. Horton (DHI -5%). and just-released disappointing new home sales data weighing. Also reporting this morning was M/I Homes (MHO -3.2%), and that company beat estimates.
    • June single-family new home sales of 406K fell 8.1% from May's rate of 442K (which was revised down from 504K). Expectations for June sales were 479K.
    • The supply of new homes rises to 5.8 months at June's sales pace from 5.2 months previously.
    • Other names: Lennar (LEN -1.6%), Ryland (RYL -2.3%), Standard Pacific (SPF -2%), Hovnanian (HOV -0.9%), Toll Brothers (TOL -2.2%).
    | 15 Comments
  • Jun. 20, 2014, 10:38 AM
    • The averages are nudging higher, but not the homebuilder names after Owens Corning cuts 2014 guidance on continued weakness in its roofing business.
    • Soft action in Q1 continued through April and May, says the company, which now sees H1 roofing volumes as much as 20% lower than 2013. Owens still expects H2 to be better, but is less confident of that forecast today than it was a few months ago.
    • ETFs: ITB -1.3%, XHB -1.2%
    • Toll Bros. (TOL -1.6%),  TriPointe Homes (TPH -1.3%), Lennar (LEN -1.6%), Ryland (RYL -1.8%), Hovnanian (HOV -0.9%), PulteGroup (PHM -1.2%), D.R. Horton (DHI -0.8%), Standard Pacific (SPF -1.8%)
    | 10 Comments
  • Jun. 17, 2014, 9:44 AM
    • Hit particularly hard in early action are the homebuilders after May housing starts missed expectations, but a fast CPI print has interest rates higher.
    • Previously: Treasury prices slip after fast CPI report
    • ETFs: ITB -1.1%, XHB -0.7%
    • D.R. Horton (DHI -2.3%), KB Home (KBH -1.3%), Ryland (RYL -1.1%), Toll Brothers (TOL -1.2%), Lennar (LEN -0.7%), Hovnanian (HOV -0.7%)
    | 1 Comment
  • Apr. 25, 2014, 4:24 PM
    • Ryland Group Inc. (RYL) declares $0.03/share quarterly dividend, in line with previous.
    • Forward yield 0.32%
    • Payable July 30; for shareholders of record July 15; ex-div July 11.
    | Comment!
  • Apr. 25, 2014, 4:43 AM
    • The amount that lenders originated in mortgage loans plunged 58% on year Q1 to a 14-year low of $235B, almost entirely due to drop in refinancing. The figures are from industry newsletter Inside Mortgage Finance.
    • Loans for acquisitions were flat on year and lower than in Q4.
    • The trend is the latest indication that increasing interest rates are hampering the housing recovery. The average 30-year fixed-rate mortgage was 4.5% last week, up from 3.6% in May last year, when rates spiked after the Fed indicated it would scale back its QE program.
    • Tickers: DHI, PHM, RYL, MHO, NVR, LEN, SPF, MDC, HOV, TOL ORI, NLY, AGNC, MTGE, ARR, TWO, IVR, CMO, MFA, WMC, FMCC, FNMA, RDN, NMIH, ESNT, GNW
    • ETFs/ETNs: ITB, XHB, MORT, MORL, REM, MORT, MORT
    | 9 Comments
  • Apr. 24, 2014, 1:21 PM
    • The iShares DJ U.S. Home Construction ETF (ITB +2.7%) gains as earnings roll in from D.R. Horton, PulteGroup, Ryland, and M/I Homes. While PulteGroup saw slowdowns in closings and new orders, but offsetting increases in prices, D.R. Horton reported sales, new orders, and prices all on the rise. DHI is ahead 8%, Pulte 3%, Ryland (RYL +2.2%), M/I Homes (MHO +5.9%).
    • The SPDR S&P Homebuilders ETF (XHB +1.2%) is more of a homebuilding supply play.
    • Other builders: NVR (NVR +3.4%), Lennar (LEN +3.5%) Standard Pacific (SPF +2.8%), M.D.C. Holdings (MDC +3.2%), Hovnanian (HOV +2.5%), Toll Bros (TOL +4.2%).
    | Comment!
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Company Description
Ryland Group Inc is a homebuilder and a mortgage-finance company, which consists of five operating segments namelyNorth, Southeast, Texas and West (four geographically determined homebuilding regions); and financial services.