LegacyTexas Financial Group Inc (LTXB) Expected to Post Quarterly Sales of $96.43 Million
Wall Street analysts expect LegacyTexas Financial Group Inc (NASDAQ:LTXB) to announce sales of $96.43 million for the current quarter, Zacks reports. Four analysts have provided estimates for LegacyTexas Financial Group’s earnings. The highest sales estimate is $97.00 million and the lowest is $95.60 million. LegacyTexas Financial Group posted sales of $87.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The firm is expected to report its next earnings report on Tuesday, January 22nd.
On average, analysts expect that LegacyTexas Financial Group will report full-year sales of $380.55 million for the current fiscal year, with estimates ranging from $379.30 million to $382.20 million. For the next fiscal year, analysts anticipate that the business will post sales of $398.60 million, with estimates ranging from $391.50 million to $401.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow LegacyTexas Financial Group.
LegacyTexas Financial Group (NASDAQ:LTXB) last posted its earnings results on Tuesday, October 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.09. LegacyTexas Financial Group had a return on equity of 12.44% and a net margin of 24.77%. The firm had revenue of $98.89 million for the quarter, compared to analyst estimates of $97.73 million. During the same quarter in the prior year, the company earned $0.61 EPS.
LTXB stock traded up $0.96 on Thursday, reaching $39.96. The company had a trading volume of 220,246 shares, compared to its average volume of 340,445. LegacyTexas Financial Group has a 1 year low of $35.16 and a 1 year high of $47.18. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market cap of $1.94 billion, a P/E ratio of 18.33, a PEG ratio of 1.41 and a beta of 1.42.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Monday, October 29th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from LegacyTexas Financial Group’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, October 26th. LegacyTexas Financial Group’s dividend payout ratio is presently 40.37%.
Hedge funds have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. acquired a new stake in shares of LegacyTexas Financial Group during the 3rd quarter worth $210,000. WINTON GROUP Ltd acquired a new stake in shares of LegacyTexas Financial Group during the 1st quarter worth $234,000. Capital Fund Management S.A. acquired a new stake in shares of LegacyTexas Financial Group during the 2nd quarter worth $230,000. Aperio Group LLC increased its holdings in shares of LegacyTexas Financial Group by 19.7% during the 2nd quarter. Aperio Group LLC now owns 7,360 shares of the financial services provider’s stock worth $287,000 after buying an additional 1,211 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of LegacyTexas Financial Group during the 2nd quarter worth $344,000. Institutional investors and hedge funds own 85.89% of the company’s stock.
LegacyTexas Financial Group Company Profile
LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.
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