Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms. It also provides floor plan or wholesale financing for independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy its products for use in their rental housing communities. The company markets its homes under the Legacy brand through a network of 100 independent and 13 company-owned retail locations, as well as direct sales to owners of manufactured home communities in 15 states in the United States. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas.
IPO Year: 2018
Exchange: NASDAQ
Website: legacyhousingcorp.com
| 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 |
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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
Although U.S. stocks closed lower on Tuesday, 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. Ready Capital The Trade: Ready Capital Corporation (NYSE:RC) Director Gilbert E Nathan acquired a total of 9,150 shares an av
Wedbush analyst Jay McCanless maintains Legacy Housing (NASDAQ:LEGH) with a Outperform and lowers the price target from $31 to $25.
Shares of Science Applications International Corporation (NYSE:SAIC) fell sharply during Monday’s session after the company reported financial fourth-quarter EPS below estimates. SAIC reported a 12% revenue decline Y/Y in the fourth quarter of fiscal 2024 to $1.74 billion, beating the consensus of $1.64 billion. Adjusted EPS of $1.43 was in line with the consensus. Science Applications International shares dipped 10.7% to $127.29 on Monday. Here are some other stocks moving in today's mid-day session. Gainers Canoo Inc. (NASDAQ:GOEV) shares surged 95% to $3.77 after the US Department of Commerce has approved its Oklahoma City facility as a Foreign Trade Zone. Solidion Technology Inc
Legacy Housing (NASDAQ:LEGH) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.77 by 55.84 percent. The company reported quarterly sales of $33.670 million which missed the analyst consensus estimate of $60.648 million by 44.48 percent. This is a 55.43 percent decrease over sales of $75.551 million the same period last year.
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Legacy Housing (NASDAQ:LEGH) is set to give its latest quarterly earnings report on Friday, 2024-03-15. Here's what investors need to know before the announcement. Analysts estimate that Legacy Housing will report an earnings per share (EPS) of $0.71. Legacy Housing bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.06, which was followed by a 20.6% increase in the s
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
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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
BEDFORD, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the second quarter ended June 30, 2024, after markets close on Thursday, August 8, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Friday, August 9, 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 Corporation
BEDFORD, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company" or "Legacy", , NASDAQ:LEGH) today announced its financial results for the first quarter ended March 31, 2024. Financial Highlights Net revenue for the first quarter of 2024 was $43.2 million, a decrease of 18.2% from the first quarter of 2023.Income from operations for the first quarter of 2024 was $16.8 million, a decrease of 8.7% from the first quarter of 2023.Net income for the first quarter of 2024 was $15.1 million, a decrease of 7.0% from the first quarter of 2023.Basic earnings per share for the first quarter of 2024 was $0.62 a decrease of 7.1% from the first quarter of 2023.Book val
BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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 si
BEDFORD, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company" or "Legacy", , NASDAQ:LEGH) today announced its financial results for the full year end December 31, 2023. Financial Highlights Net revenue for the year ended 2023 was $189.1 million, a decrease of 26.4% from the year ended 2022.Income from operations for the year ended 2023 was $64.6 million, a decrease of 17.2% from the year ended 2022.Net income for the year ended 2023 was $54.5 million, a decrease of 19.6% from the year ended 2022.Basic earnings per share for the year ended 2023 was $2.23, a decrease of 19.7% from the year ended 2022.Book value for year ended 2023 was $436.7 million, an in
BEDFORD, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the full year ended December 31, 2023 on Friday, March 15, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Monday, March 18, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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. T
BEDFORD, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the ", Company, NASDAQ:LEGH) today announced its financial results for the third quarter ended September 30, 2023. Financial Highlights Net revenue for the third quarter of 2023 was $49.9 million, a decrease of 12.9% from the third quarter of 2022.Income from operations for the third quarter of 2023 was $19.0 million, an increase of 12.8% from the third quarter of 2022.Net income for the third quarter of 2023 was $16.1 million, an increase of 9.2% from the third quarter of 2022.Basic earnings per share for the third quarter of 2023 was $0.66, an increase of 10.0% from the third quarter of 2022.Book
BEDFORD, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its third quarter earnings after markets close on Thursday, November 9, 2023. The Company will then host a conference call at 10:00 a.m. Central Time on Friday, November 10, 2023. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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. To access the
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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
B. Riley Securities upgraded Legacy Housing from Neutral to Buy and set a new price target of $20.00
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
BEDFORD, Texas, July 16, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the second quarter ended June 30, 2024, after markets close on Thursday, August 8, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Friday, August 9, 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 Corporation
BEDFORD, Texas, May 09, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company" or "Legacy", , NASDAQ:LEGH) today announced its financial results for the first quarter ended March 31, 2024. Financial Highlights Net revenue for the first quarter of 2024 was $43.2 million, a decrease of 18.2% from the first quarter of 2023.Income from operations for the first quarter of 2024 was $16.8 million, a decrease of 8.7% from the first quarter of 2023.Net income for the first quarter of 2024 was $15.1 million, a decrease of 7.0% from the first quarter of 2023.Basic earnings per share for the first quarter of 2024 was $0.62 a decrease of 7.1% from the first quarter of 2023.Book val
BEDFORD, Texas, April 30, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the first quarter ended March 31, 2024 after markets close on Thursday, May 9, 2024. The Company will host a conference call at 10:00 a.m. Central Time on Friday, May 10, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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 si
BEDFORD, Texas, March 15, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation ((the ", Company" or "Legacy", , NASDAQ:LEGH) today announced its financial results for the full year end December 31, 2023. Financial Highlights Net revenue for the year ended 2023 was $189.1 million, a decrease of 26.4% from the year ended 2022.Income from operations for the year ended 2023 was $64.6 million, a decrease of 17.2% from the year ended 2022.Net income for the year ended 2023 was $54.5 million, a decrease of 19.6% from the year ended 2022.Basic earnings per share for the year ended 2023 was $2.23, a decrease of 19.7% from the year ended 2022.Book value for year ended 2023 was $436.7 million, an in
BEDFORD, Texas, March 06, 2024 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its financial results for the full year ended December 31, 2023 on Friday, March 15, 2024. The Company will then host a conference call at 10:00 a.m. Central Time on Monday, March 18, 2024. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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. T
BEDFORD, Texas, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the ", Company, NASDAQ:LEGH) today announced its financial results for the third quarter ended September 30, 2023. Financial Highlights Net revenue for the third quarter of 2023 was $49.9 million, a decrease of 12.9% from the third quarter of 2022.Income from operations for the third quarter of 2023 was $19.0 million, an increase of 12.8% from the third quarter of 2022.Net income for the third quarter of 2023 was $16.1 million, an increase of 9.2% from the third quarter of 2022.Basic earnings per share for the third quarter of 2023 was $0.66, an increase of 10.0% from the third quarter of 2022.Book
BEDFORD, Texas, Oct. 24, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (("Legacy" or the "Company", NASDAQ:LEGH) will release its third quarter earnings after markets close on Thursday, November 9, 2023. The Company will then host a conference call at 10:00 a.m. Central Time on Friday, November 10, 2023. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details. A live webcast of the call can be accessed using this link. 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. To access the