MJ Gleeson (LON:GLE) Posts Earnings Results

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

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 Performance

Shares of GLE stock traded up GBX 0.50 during mid-day trading on Thursday, hitting GBX 254.50. 33,051 shares of the stock were exchanged, compared to its average volume of 127,548. The stock’s fifty day simple moving average is GBX 267.70 and its two-hundred day simple moving average is GBX 262.44. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. MJ Gleeson has a 12-month low of GBX 214.09 and a 12-month high of GBX 435. The stock has a market capitalization of £148.47 million, a price-to-earnings ratio of 10.38 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank Of Canada restated an “underperform” rating and set a GBX 200 price objective on shares of MJ Gleeson in a research note on Tuesday. Berenberg Bank lowered their target price on shares of MJ Gleeson from GBX 345 to GBX 310 and set a “buy” rating on the stock in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 255.

About MJ Gleeson

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.