Landsea Homes (LSEA) Set to Announce Earnings on Wednesday

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

Landsea Homes (NASDAQ:LSEA) last issued its quarterly earnings results on Thursday, February 29th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Landsea Homes had a net margin of 2.42% and a return on equity of 6.80%. The business had revenue of $397.62 million for the quarter, compared to analyst estimates of $323.64 million. 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 Trading Up 1.5 %

NASDAQ:LSEA opened at $11.26 on Monday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $12.55 and a 200-day simple moving average of $11.47. Landsea Homes has a 12 month low of $7.00 and a 12 month high of $14.91. The company has a market capitalization of $407.05 million, a P/E ratio of 15.01 and a beta of 1.05.

Insider Buying and Selling at Landsea Homes

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays boosted their price target on 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 reiterated an “outperform” rating and issued a $16.00 price target on shares of Landsea Homes in a report on Friday, March 1st.

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.