Legacy Housing (NASDAQ:LEGH) Releases Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Legacy Housing (NASDAQ:LEGH - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.07, Zacks reports. Legacy Housing had a net margin of 33.11% and a return on equity of 11.85%.Get Legacy Housing alerts:Legacy Housing Stock PerformanceShares of LEGH traded down $0.09 during trading hours on Wednesday, hitting $24.75. 100,102 shares of the company were exchanged, compared to its average volume of 70,718. The company has a market cap of $597.91 million, a PE ratio of 11.41 and a beta of 1.16. The firm's 50 day moving average is $25.30 and its 200-day moving average is $25.88. Legacy Housing has a 52 week low of $19.42 and a 52 week high of $29.31. Insider Activity at Legacy HousingIn other Legacy Housing news, Director Curtis Drew Hodgson sold 17,300 shares of the company's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $24.49, for a total transaction of $423,677.00. Following the completion of the sale, the director now directly owns 422,022 shares in the company, valued at $10,335,318.78. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 54,252 shares of company stock valued at $1,332,489. Corporate insiders own 30.60% of the company's stock. About Legacy Housing (Get Free Report)Legacy Housing Corporation engages in the building, sale, and financing of manufactured homes and tiny houses primarily in the southern United States. It manufactures and provides for the transport of mobile homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms; and provides wholesale financing to dealers and mobile home parks, as well as retail financing to consumers.Recommended StoriesFive stocks we like better than Legacy HousingWhat is an Earnings Surprise? Ramaco Resources Pins Hopes on Coal's Untapped Potential 5 discounted opportunities for dividend growth investorsNVIDIA’s Soaring Energy Needs Make These 3 Nuclear Stocks a BuyHow to Choose Top Rated StocksWhy Energy Transfer Belongs on Your WatchlistThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Legacy Housing Right Now?Before you consider Legacy Housing, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Legacy Housing wasn't on the list.While Legacy Housing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here