Landsea Homes (LSEA) Expected to Announce Earnings on Thursday

Landsea Homes (NASDAQ:LSEA) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $521.49 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Landsea Homes Stock Down 3.3 %

LSEA opened at $7.95 on Tuesday. The company has a 50 day moving average of $8.33 and a 200 day moving average of $10.37. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes has a 12 month low of $7.58 and a 12 month high of $14.91. The company has a market cap of $288.43 million, a PE ratio of 11.04, a price-to-earnings-growth ratio of 0.45 and a beta of 1.19.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley reiterated a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Landsea Homes in a research report on Tuesday, November 5th. Barclays cut their target price on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th.

Insiders Place Their Bets

In related news, Director Ming Tian sold 2,521,740 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total value of $25,847,835.00. Following the transaction, the director now directly owns 6,543,411 shares in the company, valued at approximately $67,069,962.75. This represents a 27.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the sale, the insider now directly owns 534,783 shares in the company, valued at $5,481,525.75. This represents a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 51.00% of the company’s stock.

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.