Landsea Homes (LSEA) Projected to Post Earnings on Thursday

Landsea Homes (NASDAQ:LSEA - Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect Landsea Homes to post earnings of $0.38 per share and revenue of $521.49 million for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Landsea Homes Trading Down 3.3 %

NASDAQ:LSEA traded down $0.27 during mid-day trading on Monday, hitting $7.95. 181,550 shares of the company's stock were exchanged, compared to its average volume of 279,187. Landsea Homes has a fifty-two week low of $7.58 and a fifty-two week high of $14.91. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $288.43 million, a P/E ratio of 11.04, a PEG ratio of 0.45 and a beta of 1.19. The company has a 50 day simple moving average of $8.33 and a 200-day simple moving average of $10.37.

Insiders Place Their Bets

In other news, major shareholder Huaijun Chen sold 3,565,217 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the sale, the insider now directly owns 534,783 shares in the company, valued at $5,481,525.75. This represents a 86.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ming Tian sold 2,521,740 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $10.25, for a total transaction of $25,847,835.00. Following the completion of the transaction, the director now owns 6,543,411 shares in the company, valued at approximately $67,069,962.75. The trade was a 27.82 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 51.00% of the company's stock.

Wall Street Analyst Weigh In

LSEA has been the topic of a number of recent research reports. Barclays cut their price target on shares of Landsea Homes from $12.00 to $9.00 and set an "equal weight" rating on the stock in a report on Thursday, January 16th. B. Riley reaffirmed a "buy" rating and set a $18.00 target price (up from $17.00) on shares of Landsea Homes in a report on Tuesday, November 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.