MJ Gleeson (LON:GLE) Releases Earnings Results

MJ Gleeson (LON:GLE) announced its quarterly earnings results on Tuesday. The company reported GBX 14.09 earnings per share 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 LON:GLE traded up GBX 3 during trading on Thursday, hitting GBX 257. 60,742 shares of the company were exchanged, compared to its average volume of 127,703. The stock has a market cap of £149.92 million, a price-to-earnings ratio of 10.48 and a beta of 0.62. MJ Gleeson has a fifty-two week low of GBX 214.09 and a fifty-two week high of GBX 435. The firm has a fifty day moving average price of GBX 267.70 and a two-hundred day moving average price of GBX 262.44. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86.

Wall Street Analysts Forecast Growth

GLE has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated an “underperform” rating and set a GBX 200 price objective on shares of MJ Gleeson in a report on Tuesday. Berenberg Bank cut their price target 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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.