Brokers Set Expectations for Landsea Homes Co.’s Q1 2023 Earnings (NASDAQ:LSEA)

Landsea Homes Co. (NASDAQ:LSEA – Get Rating) – Analysts at B. Riley issued their Q1 2023 earnings per share estimates for Landsea Homes in a report released on Wednesday, March 8th. B. Riley analyst A. Rygiel expects that the company will earn $0.26 per share for the quarter. The consensus estimate for Landsea Homes’ current full-year earnings is $1.36 per share. B. Riley also issued estimates for Landsea Homes’ Q2 2023 earnings at $0.14 EPS, Q3 2023 earnings at $0.17 EPS, Q4 2023 earnings at $0.33 EPS and FY2024 earnings at $1.28 EPS.

Separately, Barclays cut their price objective on Landsea Homes from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, November 21st.

Landsea Homes Trading Down 0.4 %

NASDAQ LSEA opened at $6.78 on Thursday. The firm has a market capitalization of $277.64 million, a PE ratio of 3.92 and a beta of 0.62. The business’s 50-day moving average price is $6.41 and its two-hundred day moving average price is $5.78. Landsea Homes has a 12 month low of $4.48 and a 12 month high of $9.21.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE boosted its position in shares of Landsea Homes by 42.6% during the 4th quarter. Bank of America Corp DE now owns 7,529 shares of the company’s stock valued at $39,000 after purchasing an additional 2,248 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Landsea Homes by 26,451.7% during the 4th quarter. Wells Fargo & Company MN now owns 7,700 shares of the company’s stock worth $40,000 after buying an additional 7,671 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Landsea Homes during the 4th quarter worth approximately $56,000. Rockefeller Capital Management L.P. bought a new stake in shares of Landsea Homes in the 4th quarter valued at $67,000. Finally, B. Riley Financial Inc. acquired a new position in shares of Landsea Homes during the 3rd quarter valued at $72,000. 12.63% of the stock is owned by institutional investors.

About Landsea Homes

(Get Rating)

Landsea Homes Corp. provides building construction services. It has developed homes and communities in New York, Boston, New Jersey, Arizona, Florida, Texas. The company was founded in 2013 and is headquartered in Newport Beach, CA.