Legacy Housing (LEGH) Scheduled to Post Earnings on Thursday

Legacy Housing (NASDAQ:LEGH) will be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Legacy Housing (NASDAQ:LEGH) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.49). Legacy Housing had a net margin of 28.79% and a return on equity of 12.99%. The firm had revenue of $33.71 million for the quarter, compared to analysts’ expectations 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 Price Performance

NASDAQ:LEGH opened at $21.19 on Wednesday. The business’s 50-day moving average is $21.82 and its 200 day moving average is $22.61. Legacy Housing has a 12 month low of $17.67 and a 12 month high of $26.50. The company has a market capitalization of $517.04 million, a P/E ratio of 9.76 and a beta of 0.95. The company has a current ratio of 2.89, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Legacy Housing

In other news, major shareholder Douglas M. Shipley sold 33,000 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $24.40, for a total value of $805,200.00. Following the sale, the insider now directly owns 2,886,978 shares in the company, valued at approximately $70,442,263.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Jeffrey Kyle Stouder purchased 5,050 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were bought at an average price of $19.90 per share, for a total transaction of $100,495.00. Following the acquisition, the director now owns 11,025 shares of the company’s stock, valued at approximately $219,397.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Douglas M. Shipley sold 33,000 shares of the firm’s 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 completion of the sale, the insider now owns 2,886,978 shares of the company’s stock, valued at $70,442,263.20. The disclosure for this sale can be found here. Insiders sold 131,175 shares of company stock worth $3,259,339 over the last 90 days. 32.20% of the stock is owned by insiders.

About Legacy Housing

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.