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

Legacy Housing (NASDAQ:LEGH) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Legacy Housing to post earnings of $0.36 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Legacy Housing (NASDAQ:LEGH) last released its earnings results on Friday, March 15th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.49). The company had revenue of $33.71 million for the quarter, compared to analysts’ expectations of $60.66 million. Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. On average, analysts expect Legacy Housing to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Legacy Housing Stock Performance

Shares of LEGH opened at $21.34 on Tuesday. Legacy Housing has a 52 week low of $17.67 and a 52 week high of $26.50. The company has a quick ratio of 2.00, a current ratio of 2.89 and a debt-to-equity ratio of 0.05. The stock has a market cap of $520.70 million, a price-to-earnings ratio of 9.83 and a beta of 0.95. The business has a 50-day simple moving average of $21.90 and a two-hundred day simple moving average of $22.59.

Insiders Place Their Bets

In other news, Chairman Curtis Drew Hodgson sold 17,400 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $25.57, for a total value of $444,918.00. Following the transaction, the chairman now directly owns 784,773 shares in the company, valued at $20,066,645.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Curtis Drew Hodgson sold 17,400 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $25.57, for a total value of $444,918.00. Following the transaction, the chairman now owns 784,773 shares of the company’s stock, valued at $20,066,645.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Kyle Stouder bought 5,050 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average cost of $19.90 per share, with a total value of $100,495.00. Following the completion of the purchase, the director now directly owns 11,025 shares of the company’s stock, valued at approximately $219,397.50. The disclosure for this purchase can be found here. In the last quarter, insiders sold 131,175 shares of company stock worth $3,259,339. Corporate insiders own 32.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Wedbush dropped their price target on shares of Legacy Housing from $31.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, March 19th.

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.