Landsea Homes (LSEA) Projected to Post Quarterly Earnings on Thursday

Landsea Homes (NASDAQ:LSEA) is anticipated to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $514.79 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Landsea Homes Trading Up 6.9 %

Shares of NASDAQ LSEA opened at $8.50 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.81 and a current ratio of 2.81. The business’s 50 day moving average price is $8.31 and its 200-day moving average price is $10.35. Landsea Homes has a fifty-two week low of $7.58 and a fifty-two week high of $14.91. The company has a market cap of $308.41 million, a price-to-earnings ratio of 11.81, a PEG ratio of 0.45 and a beta of 1.19.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LSEA shares. B. Riley reiterated a “buy” rating and issued a $18.00 price target (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 5th. Barclays reduced their price target on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, January 16th.

Insiders Place Their Bets

In other Landsea Homes news, Director Ming Tian sold 2,521,740 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the transaction, the director now directly owns 6,543,411 shares in the company, valued at $67,069,962.75. This trade represents a 27.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Huaijun Chen sold 3,565,217 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $10.25, for a total value of $36,543,474.25. Following the transaction, the insider now owns 534,783 shares in the company, valued at $5,481,525.75. The trade was a 86.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 51.00% of the stock is currently owned by company insiders.

Landsea Homes Company Profile

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.