Legacy Housing (LEGH) Scheduled to Post Earnings on Thursday

Legacy Housing (NASDAQ:LEGH) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Legacy Housing (NASDAQ:LEGH) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.24. The company had revenue of $43.24 million during the quarter, compared to the consensus estimate of $38.07 million. Legacy Housing had a net margin of 29.70% and a return on equity of 12.33%. During the same quarter last year, the firm earned $0.65 earnings per share. 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 Stock Performance

LEGH stock opened at $25.83 on Wednesday. The stock’s 50 day simple moving average is $24.25 and its 200 day simple moving average is $23.38. The company has a current ratio of 3.76, a quick ratio of 2.88 and a debt-to-equity ratio of 0.03. Legacy Housing has a 12-month low of $17.67 and a 12-month high of $29.31. The stock has a market capitalization of $628.19 million, a PE ratio of 12.18 and a beta of 1.06.

Wall Street Analysts Forecast Growth

LEGH has been the topic of several research analyst reports. B. Riley raised Legacy Housing from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 14th. CJS Securities started coverage on Legacy Housing in a research report on Friday, June 7th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, Wedbush restated an “outperform” rating and set a $25.00 price target on shares of Legacy Housing in a research note on Friday, May 10th.

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.