Landsea Homes (NASDAQ:LSEA) Posts Earnings Results, Misses Expectations By $0.13 EPS

Landsea Homes (NASDAQ:LSEA - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13), Zacks reports. The business had revenue of $486.68 million for the quarter, compared to analysts' expectations of $514.79 million. Landsea Homes had a net margin of 1.82% and a return on equity of 6.96%.

Landsea Homes Trading Down 5.5 %

Shares of Landsea Homes stock traded down $0.39 during trading on Monday, reaching $6.73. 623,224 shares of the stock were exchanged, compared to its average volume of 310,151. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. The firm has a market cap of $244.18 million, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 0.45 and a beta of 1.19. Landsea Homes has a 1 year low of $6.54 and a 1 year high of $14.91. The stock's fifty day moving average is $8.22 and its 200 day moving average is $10.29.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LSEA shares. B. Riley restated 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. Barclays lowered their price objective on Landsea Homes from $9.00 to $7.00 and set an "equal weight" rating for the company in a research report on Monday.

Insider Activity at Landsea Homes

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

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.