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

Legacy Housing (NASDAQ:LEGH) posted its quarterly earnings results on Wednesday. The company reported $0.85 earnings per share (EPS) for the quarter, topping 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 Price Performance

NASDAQ:LEGH traded up $1.21 during trading hours on Wednesday, reaching $31.78. The company had a trading volume of 168,042 shares, compared to its average volume of 80,030. Legacy Housing has a 1-year low of $18.28 and a 1-year high of $32.89. The business’s 50 day moving average price is $28.34 and its 200-day moving average price is $24.59. The firm has a market cap of $755.73 million, a PE ratio of 14.09 and a beta of 0.78.

Analyst Ratings Changes

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

Legacy Housing Company Profile

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.