Landsea Homes (LSEA) to Release Quarterly Earnings on Monday

Landsea Homes (NASDAQ:LSEA - Get Free Report) will be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect Landsea Homes to post earnings of $0.15 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Landsea Homes (NASDAQ:LSEA - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. Landsea Homes had a return on equity of 6.29% and a net margin of 1.72%. The business had revenue of $431.14 million for the quarter, compared to analysts' expectations of $336.20 million. During the same period in the previous year, the firm posted $0.33 EPS. 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

Shares of NASDAQ:LSEA traded up $0.18 during midday trading on Monday, hitting $11.24. The company had a trading volume of 88,762 shares, compared to its average volume of 202,017. Landsea Homes has a twelve month low of $7.14 and a twelve month high of $14.91. The stock has a market cap of $406.65 million, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.79 and a beta of 1.11. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.70 and a quick ratio of 2.70. The business's 50-day simple moving average is $11.99 and its 200-day simple moving average is $10.95.

Insider Activity

In related news, Director Elias Farhat sold 60,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $12.07, for a total transaction of $724,200.00. Following the transaction, the director now owns 272,685 shares of the company's stock, valued at approximately $3,291,307.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 51.00% of the company's stock.

Analysts Set New Price Targets

LSEA has been the subject of a number of analyst reports. Oppenheimer upped their price objective on shares of Landsea Homes from $14.00 to $15.00 and gave the company an "outperform" rating in a report on Monday, August 5th. Wedbush increased their price target on shares of Landsea Homes from $16.00 to $17.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price target on shares of Landsea Homes from $10.00 to $12.00 and gave the company an "equal weight" rating in a research report on Friday, August 2nd.

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.