Legacy Housing downgraded by B. Riley Securities with a new price target
$LEGH
Homebuilding
Consumer Discretionary
B. Riley Securities downgraded Legacy Housing from Buy to Neutral and set a new price target of $16.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/7/2024 | $33.00 | Market Outperform | CJS Securities |
| 8/23/2023 | $30.00 | Outperform | Wedbush |
| 6/14/2022 | $16.00 | Buy → Neutral | B. Riley Securities |
8-K - Legacy Housing Corp (0001436208) (Filer)
8-K - Legacy Housing Corp (0001436208) (Filer)
10-Q - Legacy Housing Corp (0001436208) (Filer)
SC 13G/A - Legacy Housing Corp (0001436208) (Subject)
SC 13G/A - Legacy Housing Corp (0001436208) (Subject)
SC 13G/A - Legacy Housing Corp (0001436208) (Subject)
BEDFORD, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company, NASDAQ:LEGH) today announced its financial results for the third quarter ended September 30, 2024. Financial Highlights Net revenue for the third quarter of 2024 was $44.3 million, a decrease of 11.4% from the third quarter of 2023.Income from operations for the third quarter of 2024 was $15.3 million, a decrease of 19.4% from the third quarter of 2023.Net income for the third quarter of 2024 was $15.8 million, a decrease of 1.8% from the third quarter of 2023.Basic earnings per share for the third quarter of 2024 was $0.65, a decrease of 1.5% from the third quarter of 2023.Book value
BEDFORD, Texas, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the third quarter ended September 30, 2024, after markets close on Tuesday, November 12, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Wednesday, November 13, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A replay of the webcast will be available on https://investors.legacyhousingcorp.com/ starting approximately two hours after the call and will be archived on the site for one year. About Legacy Housing Corpora
BEDFORD, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company, NASDAQ:LEGH) today announced its financial results for the second quarter ended June 30, 2024. Financial Highlights Net revenue for the second quarter of 2024 was $42.5 million, a decrease of 19.3% from the second quarter of 2023.Income from operations for the second quarter of 2024 was $16.0 million, a decrease of 8.4% from the second quarter of 2023.Net income for the second quarter of 2024 was $16.2 million, an increase of 7.8% from the second quarter of 2023.Basic earnings per share for the second quarter of 2024 was $0.67, an increase of 8.7% from the second quarter of 2023.Book
4 - Legacy Housing Corp (0001436208) (Issuer)
4 - Legacy Housing Corp (0001436208) (Issuer)
4 - Legacy Housing Corp (0001436208) (Issuer)
4 - Legacy Housing Corp (0001436208) (Issuer)
4 - Legacy Housing Corp (0001436208) (Issuer)
4 - Legacy Housing Corp (0001436208) (Issuer)
Wedbush analyst Jay McCanless reiterates Legacy Housing (NASDAQ:LEGH) with a Outperform and maintains $25 price target.
Legacy Housing (NASDAQ:LEGH) reported quarterly earnings of $0.60 per share which beat the analyst consensus estimate of $0.58 by 3.45 percent. This is a 7.69 percent decrease over earnings of $0.65 per share from the same period last year. The company reported quarterly sales of $43.243 million which beat the analyst consensus estimate of $38.174 million by 13.28 percent. This is a 18.19 percent decrease over sales of $52.857 million the same period last year.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Snowflake The Trade: Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy acquired a total of 31,542 shares an average price o
BEDFORD, Texas, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company, NASDAQ:LEGH) today announced its financial results for the third quarter ended September 30, 2024. Financial Highlights Net revenue for the third quarter of 2024 was $44.3 million, a decrease of 11.4% from the third quarter of 2023.Income from operations for the third quarter of 2024 was $15.3 million, a decrease of 19.4% from the third quarter of 2023.Net income for the third quarter of 2024 was $15.8 million, a decrease of 1.8% from the third quarter of 2023.Basic earnings per share for the third quarter of 2024 was $0.65, a decrease of 1.5% from the third quarter of 2023.Book value
BEDFORD, Texas, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the third quarter ended September 30, 2024, after markets close on Tuesday, November 12, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Wednesday, November 13, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A replay of the webcast will be available on https://investors.legacyhousingcorp.com/ starting approximately two hours after the call and will be archived on the site for one year. About Legacy Housing Corpora
BEDFORD, Texas, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company, NASDAQ:LEGH) today announced its financial results for the second quarter ended June 30, 2024. Financial Highlights Net revenue for the second quarter of 2024 was $42.5 million, a decrease of 19.3% from the second quarter of 2023.Income from operations for the second quarter of 2024 was $16.0 million, a decrease of 8.4% from the second quarter of 2023.Net income for the second quarter of 2024 was $16.2 million, an increase of 7.8% from the second quarter of 2023.Basic earnings per share for the second quarter of 2024 was $0.67, an increase of 8.7% from the second quarter of 2023.Book
CJS Securities initiated coverage of Legacy Housing with a rating of Market Outperform and set a new price target of $33.00
Wedbush initiated coverage of Legacy Housing with a rating of Outperform and set a new price target of $30.00
B. Riley Securities downgraded Legacy Housing from Buy to Neutral and set a new price target of $16.00
BEDFORD, Texas, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company" or "Legacy", , NASDAQ:LEGH) is committed to regaining compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. As part of that commitment, Legacy provides the following updates: Legacy filed its Form 10-K for the year ended December 31, 2021 on August 3, 2022.On August 5, 2022, the Audit Committee of the Board of Directors of Legacy dismissed Weaver and Tidwell, LLP and approved the appointment of Daszkal Bolton LLP as the Company's new independent registered public accounting firm.The Com
BEDFORD, Texas, June 08, 2022 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company, ", NASDAQ:LEGH) today announced that Duncan Bates, a member of the Company's Board of Directors and Senior Vice President, Mergers & Acquisitions of Arcosa, Inc. (NYSE:ACA), has been appointed President and Chief Executive Officer, effective June 7, 2022. Curt Hodgson, Executive Chairman of Legacy, stated: "I am thrilled to name Duncan as the President and CEO of Legacy. He brings a wealth of knowledge and experience in corporate finance and capital allocation that will assist us in operating as a public company and strategically growing our business. Duncan has a proven track record of leadersh