Landsea Homes (LSEA) to Release Quarterly Earnings on Wednesday

Landsea Homes (NASDAQ:LSEA) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Landsea Homes to post earnings of $0.13 per share for the quarter. Investors interested in listening to the company’s earnings conference call can do so using this link.

Landsea Homes (NASDAQ:LSEA) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The business had revenue of $397.62 million during the quarter, compared to the consensus estimate of $323.64 million. Landsea Homes had a return on equity of 6.80% and a net margin of 2.42%. 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 Price Performance

Shares of NASDAQ LSEA opened at $11.40 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $12.61 and its 200 day moving average price is $11.41. Landsea Homes has a 52 week low of $7.00 and a 52 week high of $14.91. The stock has a market cap of $410.63 million, a price-to-earnings ratio of 15.20 and a beta of 1.05.

Insider Transactions at Landsea Homes

In related news, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $11.60, for a total transaction of $32,480,000.00. Following the transaction, the insider now owns 16,940,729 shares of the company’s stock, valued at $196,512,456.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $11.60, for a total value of $32,480,000.00. Following the completion of the transaction, the insider now directly owns 16,940,729 shares in the company, valued at $196,512,456.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Forsum bought 17,241 shares of Landsea Homes stock in a transaction that occurred on Friday, March 8th. The shares were acquired at an average price of $11.60 per share, for a total transaction of $199,995.60. Following the completion of the transaction, the chief operating officer now directly owns 446,682 shares of the company’s stock, valued at approximately $5,181,511.20. The disclosure for this purchase can be found here. Insiders bought a total of 20,430 shares of company stock worth $236,988 over the last ninety days. 66.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LSEA has been the topic of several research reports. Wedbush reiterated an “outperform” rating and issued a $16.00 price target on shares of Landsea Homes in a research report on Friday, March 1st. Barclays raised their price target on Landsea Homes from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th.

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.