Legacy Housing (NASDAQ:LEGH) Releases Earnings Results, Beats Expectations By $0.11 EPS

Legacy Housing (NASDAQ:LEGH) posted its quarterly earnings data on Wednesday. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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

LEGH traded up $1.21 on Wednesday, reaching $31.78. 168,042 shares of the stock were exchanged, compared to its average volume of 80,030. The company’s 50-day moving average price is $28.34 and its 200 day moving average price is $24.59. Legacy Housing has a fifty-two week low of $18.28 and a fifty-two week high of $32.89. The firm has a market capitalization of $755.73 million, a PE ratio of 14.09 and a beta of 0.78.

Wall Street Analysts Forecast Growth

LEGH has been the subject of a number of recent analyst 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. Wall Street Zen upgraded shares of Legacy Housing from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Finally, Zacks Research lowered shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Legacy Housing currently has a consensus 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.