Vistry Group (LON:VTY) Releases Quarterly Earnings Results

Vistry Group (LON:VTY) released its quarterly earnings results on Thursday. The company reported GBX (18.80) earnings per share 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 Down 0.3%

LON VTY traded down GBX 0.80 during trading hours on Friday, hitting GBX 258.80. The company had a trading volume of 50,922,578 shares, compared to its average volume of 13,471,659. The company has a market capitalization of £822.62 million, a price-to-earnings ratio of 6.16, a P/E/G ratio of -0.20 and a beta of 1.86. Vistry Group has a fifty-two week low of GBX 220 and a fifty-two week high of GBX 746.40. The firm’s 50 day moving average is GBX 277.54 and its 200 day moving average is GBX 294.59. The company has a debt-to-equity ratio of 17.93, a current ratio of 2.52 and a quick ratio of 0.56.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on VTY shares. Jefferies Financial Group restated a “hold” rating and set a GBX 274 price target on shares of Vistry Group in a research note on Friday. Royal Bank Of Canada restated an “underperform” rating and set a GBX 180 target price on shares of Vistry Group in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. reduced their price objective 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vistry Group currently has an average rating of “Reduce” and a consensus price target of GBX 422.14.

Trending Headlines about Vistry Group

Here are the key news stories impacting Vistry Group this week:

• Positive Sentiment: The overhaul is intended to simplify Vistry’s operations and reduce costs, with office closures and lower building targets potentially improving cash generation and execution over time. Vistry shuts offices and cuts building targets in overhaul
• Neutral Sentiment: Jefferies reaffirmed its “hold” rating and set a GBX 274 price target, indicating limited conviction that the restructuring will produce a near-term recovery. Jefferies rating update
• Negative Sentiment: Vistry swung to a reported first-half loss of approximately £661 million, compared with a profit previously, and reported negative quarterly earnings per share of GBX 18.80. The result reflects significant charges and weak operating performance. Huge losses force major rethink at Vistry
• Negative Sentiment: Management reduced its full-year profit outlook and plans to shrink building activity, signalling weaker near-term revenue and earnings. The business overhaul also includes office closures, underscoring the scale of the response required. Vistry Group turns to H1 loss and cuts annual profit outlook Vistry Group unveils business overhaul

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.