Vistry Group (LON:VTY) Posts Quarterly Earnings Results

Vistry Group (LON:VTY) posted its quarterly earnings data on Thursday. The company reported GBX (18.80) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Vistry Group had a return on equity of 4.20% and a net margin of 3.82%.

Here are the key takeaways from Vistry Group’s conference call:

• Negative Sentiment: Vistry reported a first-half loss of £30 million before CEO-review items, with £50 million of discounting used to clear stock. The review also identified approximately £470 million of further site, land and WIP adjustments, alongside a £475 million non-cash goodwill impairment and £79 million building-safety charge.
• Positive Sentiment: Management is refocusing the business on a simpler mixed-tenure model targeting a 60% partnerships/40% open-market split, 12,000 annual units, a 12% operating margin and more than 30% ROCE by FY2031. Owned land is expected to fall from 51,000 to 36,000 plots, with greater investment discipline and lower capital intensity.
• Positive Sentiment: Deleveraging is progressing, with land creditors reduced by more than £100 million in the first half and expected to fall by roughly £300 million during 2026. Vistry targets average daily net debt of £500 million in FY2027 and £300 million from FY2029, while stating that no equity raise is expected.
• Positive Sentiment: Vistry received £350 million of direct funding from the UK’s £9.6 billion affordable-housing grant program, the largest allocation to an individual provider. It also has five strategic development agreements signed, 10 more in advanced discussions and approximately 20,000 committed homes over five years through these partnerships.
• Negative Sentiment: Open-market sales remained weak, with reservations slowing to 0.3 per outlet per week and discounting increasing to about 8% year to date; PRS demand is also being held back by high bond yields. Management expects FY2026 profit before tax to be no more than £125 million before the review impacts and is guiding to £185 million for FY2027, assuming stable open-market conditions and improved partner funding.

Vistry Group Stock Performance

Shares of LON VTY opened at GBX 257.36 on Friday. The firm has a 50 day moving average of GBX 277.54 and a 200 day moving average of GBX 294.59. The company has a current ratio of 2.52, a quick ratio of 0.56 and a debt-to-equity ratio of 17.93. The firm has a market capitalization of £818.04 million, a price-to-earnings ratio of 6.13, a price-to-earnings-growth ratio of -0.20 and a beta of 1.86. Vistry Group has a 12-month low of GBX 220 and a 12-month high of GBX 746.40.

Insider Activity at Vistry Group

In related news, insider Adam Daniels bought 38,372 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were bought at an average cost of GBX 261 per share, with a total value of £100,150.92. Also, insider Paul Whetsell purchased 15,000 shares of the business’s stock in a transaction on Tuesday, July 14th. The shares were bought at an average cost of GBX 253 per share, with a total value of £37,950. 1.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and set a GBX 180 target price on shares of Vistry Group in a research note on Friday, September 18th. Jefferies Financial Group restated a “hold” rating and set a GBX 274 target price on shares of Vistry Group in a research note on Friday. Finally, JPMorgan Chase & Co. dropped their price target on shares of Vistry Group from GBX 430 to GBX 210 and set an “underweight” rating on the stock in a report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of GBX 422.14.

About Vistry Group

Vistry Group is a leading homebuilder developing in partnership to deliver sustainable homes, communities, and social value, leaving a lasting legacy of places where people love to live.

Operating across 25 regions, we build homes for those who need them right across the UK. Our partners include Registered Providers, Local Authorities, Homes England and Private Rented Sector providers.

Our timber manufacturing capability, Vistry Works, is at the core of our strategy to deliver more quality homes, faster.

We sell homes on the open market through three respected brands: Bovis Homes, Linden Homes, and Countryside Homes.