Legacy Housing (NASDAQ:LEGH – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11, Zacks reports. Legacy Housing had a net margin of 30.06% and a return on equity of 11.55%. The company had revenue of $69.70 million for the quarter, compared to analyst estimates of $63.12 million.
Legacy Housing Stock Performance
Shares of NASDAQ:LEGH traded down $0.94 during midday trading on Friday, reaching $29.17. 108,494 shares of the company’s stock traded hands, compared to its average volume of 97,958. Legacy Housing has a 1 year low of $18.28 and a 1 year high of $39.38. The company has a market cap of $693.66 million, a P/E ratio of 10.93 and a beta of 0.78. The company has a fifty day simple moving average of $28.38 and a two-hundred day simple moving average of $24.62.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on LEGH shares. Weiss Ratings raised 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 Legacy Housing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Wall Street Zen upgraded Legacy Housing from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Legacy Housing has an average rating of “Hold” and an average price target of $21.00.
Get Our Latest Analysis on LEGH
About Legacy Housing
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.
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