Landsea Homes (LSEA) Set to Announce Quarterly Earnings on Thursday

Landsea Homes (NASDAQ:LSEA) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.07). Landsea Homes had a net margin of 2.08% and a return on equity of 6.17%. The business had revenue of $294.04 million during the quarter, compared to analysts’ expectations of $277.30 million. During the same period in the previous year, the business earned $0.18 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 Performance

NASDAQ:LSEA opened at $12.16 on Wednesday. The business’s 50-day moving average price is $9.95 and its two-hundred day moving average price is $11.34. Landsea Homes has a twelve month low of $7.00 and a twelve month high of $14.91. The stock has a market cap of $439.95 million, a P/E ratio of 17.88, a PEG ratio of 0.83 and a beta of 1.11. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.35.

Insider Activity at Landsea Homes

In related news, Director Mollie Fadule bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the acquisition, the director now directly owns 71,727 shares of the company’s stock, valued at approximately $701,490.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Mollie Fadule purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was bought at an average cost of $9.78 per share, for a total transaction of $97,800.00. Following the acquisition, the director now directly owns 71,727 shares of the company’s stock, valued at approximately $701,490.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Holdings Corp Landsea sold 4,100,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $6.00, for a total transaction of $24,600,000.00. Following the sale, the insider now directly owns 12,840,729 shares of the company’s stock, valued at approximately $77,044,374. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,567,162 shares of company stock valued at $29,057,772. Corporate insiders own 51.00% of the company’s stock.

Wall Street Analysts Forecast Growth

LSEA has been the topic of several recent analyst reports. Oppenheimer initiated coverage on Landsea Homes in a report on Friday, May 31st. They issued an “outperform” rating and a $14.00 price target on the stock. Barclays lowered their price target on Landsea Homes from $11.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, July 12th. Finally, Wedbush reissued an “outperform” rating and set a $16.00 price objective on shares of Landsea Homes in a report on Wednesday, May 1st.

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.