Legacy Housing (NASDAQ:LEGH) Issues Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Legacy Housing (NASDAQ:LEGH) released its earnings results on Tuesday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03, MarketWatch Earnings reports. Legacy Housing had a net margin of 18.06% and a return on equity of 13.50%.

Legacy Housing stock opened at $15.00 on Friday. The firm has a market cap of $362.88 million, a PE ratio of 11.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.81 and a current ratio of 1.73. The firm’s 50 day moving average price is $14.40 and its two-hundred day moving average price is $13.71. Legacy Housing has a twelve month low of $8.50 and a twelve month high of $17.50.

In other news, Chairman Curtis Drew Hodgson sold 10,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $16.18, for a total transaction of $161,800.00. Following the transaction, the chairman now owns 2,690,734 shares in the company, valued at approximately $43,536,076.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kenneth E. Shipley sold 6,020 shares of the stock in a transaction on Wednesday, October 14th. The stock was sold at an average price of $15.92, for a total transaction of $95,838.40. Following the transaction, the chief executive officer now owns 3,145,181 shares in the company, valued at approximately $50,071,281.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 75,385 shares of company stock worth $1,157,138. Company insiders own 49.10% of the company’s stock.

Several analysts recently commented on the stock. B. Riley increased their target price on shares of Legacy Housing from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Wednesday. BidaskClub lowered shares of Legacy Housing from a “buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Oak Ridge Financial Services upgraded shares of Legacy Housing to a “buy” rating and set a $20.00 price target on the stock in a report on Monday, August 17th. ValuEngine upgraded shares of Legacy Housing from a “strong sell” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Zacks Investment Research upgraded shares of Legacy Housing from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $16.75.

Legacy Housing Company Profile

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.

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Earnings History for Legacy Housing (NASDAQ:LEGH)

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