Legacy Housing (NASDAQ:LEGH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Legacy Housing (NASDAQ:LEGH) issued its earnings results on Wednesday. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07, Zacks reports. The business had revenue of $54.19 million during the quarter, compared to analysts’ expectations of $44.59 million. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.

Legacy Housing Trading Up 2.7 %

LEGH stock opened at $25.41 on Friday. The company has a market cap of $613.85 million, a price-to-earnings ratio of 11.71 and a beta of 1.16. The firm has a 50-day moving average of $25.33 and a two-hundred day moving average of $25.87. Legacy Housing has a 12 month low of $19.42 and a 12 month high of $29.31.

Insider Activity

In other news, Director Curtis Drew Hodgson sold 17,300 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $24.49, for a total transaction of $423,677.00. Following the transaction, the director now owns 422,022 shares of the company’s stock, valued at approximately $10,335,318.78. The trade was a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 54,252 shares of company stock worth $1,332,489 over the last ninety days. Corporate insiders own 30.60% of the company’s stock.

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.