Landsea Homes (LSEA) to Release Quarterly Earnings on Monday

Landsea Homes (NASDAQ:LSEA) is scheduled to be announcing its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $0.15 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $431.14 million during the quarter, compared to the consensus estimate of $336.20 million. Landsea Homes had a net margin of 1.72% and a return on equity of 6.29%. During the same period in the prior year, the firm earned $0.33 EPS. On average, analysts expect Landsea Homes to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Landsea Homes Stock Down 0.4 %

Shares of LSEA opened at $10.34 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.70 and a current ratio of 2.70. The company has a 50-day simple moving average of $11.90 and a 200-day simple moving average of $10.92. Landsea Homes has a 52 week low of $7.85 and a 52 week high of $14.91. The firm has a market capitalization of $375.14 million, a P/E ratio of 16.16, a P/E/G ratio of 0.72 and a beta of 1.13.

Insiders Place Their Bets

In other news, Director Elias Farhat sold 60,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $12.07, for a total value of $724,200.00. Following the sale, the director now owns 272,685 shares in the company, valued at approximately $3,291,307.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 51.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LSEA. Oppenheimer boosted their price objective on Landsea Homes from $14.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wedbush increased their price objective on shares of Landsea Homes from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their target price on shares of Landsea Homes from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd.

About Landsea Homes

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.