Landsea Homes (LSEA) to Release Earnings on Wednesday

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

Landsea Homes (NASDAQ:LSEA) last issued its earnings results on Thursday, February 29th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.09. The company had revenue of $397.62 million for the quarter, compared to the consensus estimate of $323.64 million. Landsea Homes had a net margin of 2.42% and a return on equity of 6.80%. 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 Price Performance

Landsea Homes stock opened at $11.49 on Tuesday. The company’s 50 day simple moving average is $12.54 and its 200-day simple moving average is $11.50. The company has a market capitalization of $415.36 million, a price-to-earnings ratio of 15.32 and a beta of 1.05. Landsea Homes has a 1 year low of $7.00 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.37.

Insider Activity at Landsea Homes

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

Analyst Upgrades and Downgrades

LSEA has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of Landsea Homes from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 5th. Wedbush reissued an “outperform” rating and issued a $16.00 price target on shares of Landsea Homes in a research note on Friday, March 1st.

About Landsea Homes

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.