Landsea Homes (LSEA) Scheduled to Post Earnings on Wednesday

Landsea Homes (NASDAQ:LSEA) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 1st. Analysts expect Landsea Homes to post earnings of $0.13 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Landsea Homes (NASDAQ:LSEA) last announced its earnings results on Thursday, February 29th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. The business had revenue of $397.62 million during the quarter, compared to analysts’ expectations of $323.64 million. Landsea Homes had a return on equity of 6.80% and a net margin of 2.42%. On average, analysts expect Landsea Homes to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Landsea Homes Stock Performance

Shares of NASDAQ:LSEA opened at $11.40 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 2.37. Landsea Homes has a 1 year low of $7.00 and a 1 year high of $14.91. The firm has a market capitalization of $410.63 million, a PE ratio of 15.20 and a beta of 1.05. The business’s 50 day moving average price is $12.61 and its 200-day moving average price is $11.41.

Insiders Place Their Bets

In other Landsea Homes news, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the firm’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $11.60, for a total value of $32,480,000.00. Following the completion of the sale, the insider now directly owns 16,940,729 shares of the company’s stock, valued at approximately $196,512,456.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Landsea Homes news, major shareholder Holdings Corp Landsea sold 2,800,000 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $11.60, for a total value of $32,480,000.00. Following the transaction, the insider now directly owns 16,940,729 shares in the company, valued at approximately $196,512,456.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Michael Forsum purchased 17,241 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were purchased at an average price of $11.60 per share, with a total value of $199,995.60. Following the acquisition, the chief operating officer now directly owns 446,682 shares in the company, valued at $5,181,511.20. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 20,430 shares of company stock valued at $236,988. Insiders own 66.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LSEA shares. Wedbush reaffirmed an “outperform” rating and set a $16.00 target price on shares of Landsea Homes in a report on Friday, March 1st. Barclays boosted their price target on shares of Landsea Homes from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 5th.

Landsea Homes Company Profile

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.