Legacy Housing (LEGH) Set to Announce Quarterly Earnings on Tuesday

Legacy Housing (NASDAQ:LEGH) is scheduled to be releasing its 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. Persons that wish to listen to the company’s earnings 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $42.50 million during the quarter, compared to analyst estimates of $46.35 million. Legacy Housing had a return on equity of 12.25% and a net margin of 32.17%. During the same quarter in the previous year, the business earned $0.60 earnings per share. 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 Trading Up 1.3 %

LEGH opened at $27.61 on Monday. The company has a quick ratio of 3.41, a current ratio of 4.39 and a debt-to-equity ratio of 0.03. The stock’s fifty day moving average is $26.65 and its two-hundred day moving average is $25.04. The company has a market capitalization of $671.48 million, a P/E ratio of 12.72 and a beta of 1.09. Legacy Housing has a 52 week low of $18.00 and a 52 week high of $29.31.

Insiders Place Their Bets

In other news, Chairman Curtis Drew Hodgson sold 7,700 shares of Legacy Housing stock in a transaction on Monday, November 4th. The stock was sold at an average price of $25.57, for a total value of $196,889.00. Following the transaction, the chairman now directly owns 552,341 shares in the company, valued at approximately $14,123,359.37. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 151,027 shares of company stock worth $4,016,253 over the last 90 days. Company insiders own 32.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LEGH. B. Riley restated a “neutral” rating and set a $29.00 price target (up previously from $25.00) on shares of Legacy Housing in a research note on Monday, August 12th. Wedbush reissued an “outperform” rating and set a $29.00 target price on shares of Legacy Housing in a research report on Friday, August 9th.

Legacy Housing Company Profile

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.