Landsea Homes (LSEA) Projected to Post Quarterly Earnings on Thursday

Landsea Homes (NASDAQ:LSEA) is expected to post its quarterly 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 $514.79 million for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Landsea Homes Stock Performance

Shares of LSEA stock opened at $8.50 on Wednesday. The firm has a market capitalization of $308.41 million, a price-to-earnings ratio of 11.81, a price-to-earnings-growth ratio of 0.45 and a beta of 1.19. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The business has a fifty day moving average of $8.31 and a 200 day moving average of $10.35. Landsea Homes has a 1 year low of $7.58 and a 1 year high of $14.91.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. B. Riley restated a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Landsea Homes in a research note on Tuesday, November 5th. Barclays reduced their price objective on Landsea Homes from $12.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, January 16th.

Insider Buying and Selling at Landsea Homes

In other Landsea Homes news, major shareholder Huaijun Chen sold 3,565,217 shares of Landsea Homes stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $10.25, for a total transaction of $36,543,474.25. Following the completion of the transaction, the insider now owns 534,783 shares in the company, valued at approximately $5,481,525.75. This trade represents a 86.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ming Tian sold 2,521,740 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 value of $25,847,835.00. Following the transaction, the director now owns 6,543,411 shares of the company’s stock, valued at $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.

About Landsea Homes

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.