MJ Gleeson (LON:GLE) Announces Quarterly Earnings Results

MJ Gleeson (LON:GLE) issued its quarterly earnings data on Tuesday. The company reported GBX 14.09 earnings per share (EPS) for the quarter, Digital Look Earnings reports. MJ Gleeson had a net margin of 3.76% and a return on equity of 4.67%.

Here are the key takeaways from MJ Gleeson’s conference call:

• Market conditions remain difficult: Homes’ net reservation rate was just 0.51, falling to 0.44 in the nine weeks to the latest weekend, while selling-price growth was only about 1% and build-cost inflation remained around 3%–4%.
• Group adjusted profit before tax declined to £10.8 million, reflecting margin compression in Homes and delayed land transactions; the proposed total dividend was reduced to 5p per share.
• Management said Project Transform has materially strengthened Gleeson Homes through a regional restructure, tighter land-buying controls and portfolio rationalization. Customer satisfaction improved to four stars in 2025, with the business currently tracking at five stars for 2026.
• Partnerships gained momentum, contributing 320 completions, or 16% of Homes volumes, with management encouraged by increased interest following government funding announcements and targeting more profitable golden-brick and forward-funded arrangements.
• The balance sheet remains strong, with only £2.6 million of net borrowings and low land creditors, while the Land pipeline was expanded through new promotion agreements and planning applications. However, slow planning, developer caution and a delayed major sale mean site openings are expected to remain subdued through FY2027 and likely FY2028.

MJ Gleeson Stock Up 1.2%

Shares of GLE stock traded up GBX 3 during trading on Thursday, reaching GBX 257. The company’s stock had a trading volume of 60,742 shares, compared to its average volume of 127,703. MJ Gleeson has a 1-year low of GBX 214.09 and a 1-year high of GBX 435. The stock’s 50-day moving average price is GBX 267.70 and its 200 day moving average price is GBX 262.44. The company has a market capitalization of £149.92 million, a price-to-earnings ratio of 10.48 and a beta of 0.62. The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GLE. Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 200 price target on shares of MJ Gleeson in a research note on Tuesday. Berenberg Bank dropped their target price on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating for the company in a report on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 255.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.