Legacy Housing (NASDAQ:LEGH) Posts Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Legacy Housing (NASDAQ:LEGH – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11, Zacks reports. Legacy Housing had a net margin of 28.56% and a return on equity of 9.53%.

Legacy Housing Stock Up 4.0%

Shares of NASDAQ:LEGH traded up $1.21 during trading on Wednesday, reaching $31.78. 168,042 shares of the company traded hands, compared to its average volume of 80,030. The company’s 50 day moving average is $28.34 and its two-hundred day moving average is $24.59. The firm has a market capitalization of $755.73 million, a PE ratio of 14.65 and a beta of 0.78. Legacy Housing has a 52 week low of $18.28 and a 52 week high of $32.89.

Analysts Set New Price Targets

LEGH has been the subject of several research reports. Wall Street Zen raised Legacy Housing from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of Legacy Housing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Finally, Zacks Research cut shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.00.

Check Out Our Latest Research Report on Legacy Housing

Legacy Housing Company Profile

(Get Free Report)

Legacy Housing Corporation is a manufacturer and seller of manufactured homes. The company produces homes in a range of sizes and floor plans, including single-section and multi-section models designed for residential use. Its products are marketed under the Legacy Housing brand and are intended to provide an alternative to traditionally built housing.

The company sells manufactured homes through a combination of retail locations, independent dealers and wholesale channels. Legacy Housing also provides financing options to qualified homebuyers and dealers, supporting the purchase of its homes.

See Also

Earnings History for Legacy Housing (NASDAQ:LEGH)

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