Legacy Housing (LEGH) Set to Announce Earnings on Thursday

Legacy Housing (NASDAQ:LEGH) will release its earnings data 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 issued its earnings results on Friday, March 15th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Legacy Housing had a return on equity of 12.99% and a net margin of 28.79%. The company had revenue of $33.71 million during the quarter, compared to analyst estimates of $60.66 million. 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 Trading Down 0.7 %

Shares of LEGH stock opened at $21.19 on Wednesday. The company has a current ratio of 2.89, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. Legacy Housing has a twelve month low of $17.67 and a twelve month high of $26.50. The company’s 50-day moving average price is $21.82 and its 200-day moving average price is $22.61. The stock has a market cap of $517.04 million, a price-to-earnings ratio of 9.76 and a beta of 0.95.

Insider Activity at Legacy Housing

In other Legacy Housing news, major shareholder Douglas M. Shipley sold 33,000 shares of Legacy Housing stock in a transaction on Friday, February 16th. The stock was sold at an average price of $24.40, for a total value of $805,200.00. Following the sale, the insider now owns 2,886,978 shares in the company, valued at $70,442,263.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Legacy Housing news, major shareholder Douglas M. Shipley sold 33,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $24.40, for a total transaction of $805,200.00. Following the completion of the transaction, the insider now owns 2,886,978 shares of the company’s stock, valued at $70,442,263.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Curtis Drew Hodgson sold 17,400 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $25.57, for a total transaction of $444,918.00. Following the completion of the sale, the chairman now directly owns 784,773 shares in the company, valued at $20,066,645.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,175 shares of company stock worth $3,259,339. Insiders own 32.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.