Legacy Housing (LEGH) Scheduled to Post Earnings on Tuesday

Legacy Housing (NASDAQ:LEGH) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 12th. Analysts expect Legacy Housing to post earnings of $0.65 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $42.50 million during the quarter, compared to analysts’ expectations of $46.35 million. Legacy Housing had a net margin of 32.17% and a return on equity of 12.25%. During the same period in the prior year, the company earned $0.60 EPS. On average, analysts expect Legacy Housing to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Legacy Housing Stock Performance

Shares of NASDAQ:LEGH opened at $27.61 on Friday. The business’s 50-day simple moving average is $26.65 and its 200 day simple moving average is $25.01. The company has a market cap of $671.48 million, a P/E ratio of 12.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.41 and a current ratio of 4.39. Legacy Housing has a one year low of $18.00 and a one year high of $29.31.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LEGH. B. Riley reissued a “neutral” rating and set a $29.00 target price (up from $25.00) on shares of Legacy Housing in a research report on Monday, August 12th. Wedbush reiterated an “outperform” rating and issued a $29.00 price objective on shares of Legacy Housing in a report on Friday, August 9th.

Insiders Place Their Bets

In related news, Chairman Curtis Drew Hodgson sold 17,300 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $26.08, for a total transaction of $451,184.00. Following the transaction, the chairman now directly owns 697,873 shares in the company, valued at $18,200,527.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 151,027 shares of company stock worth $4,016,253 in the last three months. 32.20% of the stock is owned by insiders.

About Legacy Housing

Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.