Legacy Housing: Moving On Up
- Legacy Housing Corp. shares gained 2.8%, outperforming the S&P 500's -7.4% decline, driven by unlocking 'hidden' assets and improved financial performance. Despite a 2.6% revenue decline in 2024, Q4 revenue surged 60.7% Y/Y, breaking a seven-quarter negative growth streak, with EPS beating estimates. The lending business expanded significantly, contributing over 20% to revenue, while net income margins rose to 33.5%, far above the sector median.
- 03/22/2025
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Legacy Housing Corporation (LEGH) Q4 2024 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q4 2024 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Duncan Bates - President & CEO Max Africk - General Counsel Jeffrey Fiedelman - CFO Conference Call Participants Mark Smith - Lake Street Daniel Moore - CJS Securities Operator Hello, everyone, and welcome to the Legacy Housing Corporation Full Year 2024 Earnings Call. At this time, all participants are in a listen-only mode.
- 03/13/2025
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Legacy Housing Corporation Reports Full Year 2024 Financial Results
- BEDFORD, Texas, March 12, 2025 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company” or “Legacy", NASDAQ: LEGH) today announced its financial results for the full year end December 31, 2024.
- 03/12/2025
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Legacy Housing Corporation Announces Timing of Full Year 2024 Earnings Release and Conference Call
- BEDFORD, Texas, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its financial results for the full year ended December 31, 2024, after markets close on Wednesday, March 12, 2025. The Company will then host a conference call at 10:00 a.m. Central Time on Thursday, March 13, 2025.
- 02/27/2025
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Legacy Housing: Unlocking The Value Of Hidden Assets
- Legacy Housing shares have outperformed the market, with a 27.7% return, despite a housing downturn, confirming limited downside risk. Q3 2024 results showed a revenue decline but beat EPS expectations; company-owned store sales and lending business are key growth areas. Legacy Housing is unlocking hidden asset value, including mobile home parks and land sales, aiming for significant future growth and improved occupancy rates.
- 12/11/2024
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Legacy Housing Corporation (LEGH) Q3 2024 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q3 2024 Earnings Conference Call November 13, 2024 11:00 AM ET Company Participants Duncan Bates - President & CEO Max Africk - General Counsel Jeffrey Fiedelman - CFO Conference Call Participants Daniel Moore - CJS Securities. Mark Smith - Lake Street Alex Rygiel - B.
- 11/13/2024
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Compared to Estimates, Legacy Housing (LEGH) Q3 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Legacy Housing (LEGH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 11/12/2024
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Legacy Housing Corporation Reports Third Quarter 2024 Financial Results
- 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.
- 11/12/2024
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Countdown to Legacy Housing (LEGH) Q3 Earnings: Wall Street Forecasts for Key Metrics
- Get a deeper insight into the potential performance of Legacy Housing (LEGH) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
- 11/08/2024
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Legacy Housing Corporation Announces Timing of Third Quarter 2024 Earnings Release and Conference Call
- 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.
- 10/14/2024
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Legacy Housing: Little Homes Offer Solid Potential
- Legacy Housing Corporation, a top manufacturer of tiny homes, faces fluctuating financial performance but remains attractive due to low debt and strong profit margins. Despite recent revenue and unit sales declines, the company's homes are significantly cheaper, appealing to buyers with annual incomes under $75,000. With interest in tiny homes remaining elevated and potential benefits from future interest rate declines, Legacy Housing is rated a soft 'buy'.
- 09/02/2024
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Legacy Housing Corporation (LEGH) Q2 2024 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q2 2024 Earnings Conference Call August 9, 2024 11:00 AM ET Company Participants Duncan Bates - President & Chief Executive Officer Max Africk - General Counsel Jeffrey Fiedelman - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities. Mark Smith - Lake Street Jay McCanless - Wedbush George Melas-Kyriazi - MKH Management Alex Rygiel - B.
- 08/10/2024
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Here's What Key Metrics Tell Us About Legacy Housing (LEGH) Q2 Earnings
- Although the revenue and EPS for Legacy Housing (LEGH) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 08/08/2024
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Legacy Housing (LEGH) Surpasses Q2 Earnings Estimates
- Legacy Housing (LEGH) came out with quarterly earnings of $0.65 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.60 per share a year ago.
- 08/08/2024
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Legacy Housing Corporation Reports Second Quarter 2024 Financial Results
- 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.
- 08/08/2024
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Legacy Housing Corporation Announces Timing of Second Quarter 2024 Earnings Release and Conference Call
- 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.
- 07/16/2024
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3 Stocks to Buy on the Real Estate Operations Industry's Recovery
- The Zacks Real Estate Operations industry players like JLL, KW and LEGH are poised to gain attention from the growing trend of outsourcing real estate services and other emerging industry trends despite elevated debt costs and market caution.
- 06/27/2024
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Wall Street Analysts Think Legacy Housing (LEGH) Could Surge 26.68%: Read This Before Placing a Bet
- The mean of analysts' price targets for Legacy Housing (LEGH) points to a 26.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 06/11/2024
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Can Legacy Housing (LEGH) Run Higher on Rising Earnings Estimates?
- Legacy Housing (LEGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/21/2024
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Legacy Housing Corporation (LEGH) Q1 2024 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q1 2024 Earnings Call Transcript May 10, 2024 11:00 AM ET Company Participants Duncan Bates - President & Chief Executive Officer Max Africk - General Counsel Jeff Fiedelman - Chief Financial Officer Conference Call Participants Alex Rygiel - B. Riley Securities Mark Smith - Lake Street Jay McCanless - Wedbush Operator Good day and thank you for standing by.
- 05/10/2024
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Compared to Estimates, Legacy Housing (LEGH) Q1 Earnings: A Look at Key Metrics
- Although the revenue and EPS for Legacy Housing (LEGH) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
- 05/09/2024
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Legacy Housing (LEGH) Tops Q1 Earnings and Revenue Estimates
- Legacy Housing (LEGH) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.65 per share a year ago.
- 05/09/2024
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Legacy Housing Corporation Reports First Quarter 2024 Financial Results
- 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.
- 05/09/2024
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Legacy Housing Corporation Announces Timing of First Quarter 2024 Earnings Release and Conference Call
- 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.
- 04/30/2024
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Legacy Housing: Getting Ready For A Comeback
- Legacy Housing Corp. has experienced a drop in share price after a disappointing financial report and Wall Street downgrades. The company reported a decline in product sales but highlighted areas of financial growth and strategic plans for expansion. Legacy Housing's loan portfolio remains healthy, with an increase in consumer and community operator loans, indicating the importance of this segment for the company's revenue.
- 04/14/2024
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Legacy Housing Corporation (LEGH) Q4 2023 Earnings Call Transcript
- Legacy Housing Corporation (LEGH) Q4 2023 Earnings Call Transcript
- 03/18/2024
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Legacy Housing (LEGH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
- The headline numbers for Legacy Housing (LEGH) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- 03/15/2024
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Legacy Housing (LEGH) Q4 Earnings and Revenues Lag Estimates
- Legacy Housing (LEGH) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.82 per share a year ago.
- 03/15/2024
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Legacy Housing Corporation Reports Full Year 2023 Financial Results
- 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.
- 03/15/2024
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Legacy Housing Corporation Announces Timing of Full Year 2023 Earnings Release and Conference Call
- 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.
- 03/06/2024
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New Strong Buy Stocks for December 22nd
- DOYU, STLA, BGNE, LEGH and WTS have been added to the Zacks Rank #1 (Strong Buy) List on December 22, 2023.
- 12/22/2023
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Wall Street Analysts See a 25.69% Upside in Legacy Housing (LEGH): Can the Stock Really Move This High?
- The average of price targets set by Wall Street analysts indicates a potential upside of 25.7% in Legacy Housing (LEGH). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 12/06/2023
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Wall Street Analysts Think Legacy Housing (LEGH) Could Surge 27.38%: Read This Before Placing a Bet
- The consensus price target hints at a 27.4% upside potential for Legacy Housing (LEGH). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
- 11/20/2023
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Earnings Estimates Rising for Legacy Housing (LEGH): Will It Gain?
- Legacy Housing (LEGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 11/15/2023
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Best Momentum Stocks to Buy for November 15th
- Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, November 15, 2023.:
- 11/15/2023
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New Strong Buy Stocks for November 15th
- PBF, NETI, RWEOY, RITM and LEGH have been added to the Zacks Rank #1 (Strong Buy) List on November 15, 2023.
- 11/15/2023
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Legacy Housing Corporation (LEGH) Q3 2023 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q3 2023 Earnings Conference Call November 10, 2023 11:00 AM ET Company Participants Duncan Bates - President and Chief Executive Officer Max Africk - General Counsel Jeff Fiedelman - Chief Financial Officer Conference Call Participants Mark Smith - Lake Street Alex Rygiel - B. Riley Securities Tim Moore - EF Hutton Jay McCanless - Wedbush George Melas-Kyriazi - MKH Management Operator Good day, and thank you for standing by.
- 11/10/2023
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Legacy Housing Corporation Reports Third Quarter 2023 Financial Results
- Legacy Housing Corporation reports Third Quarter 2023 Financial Results with a Scheduled Earnings Call tomorrow, Friday, November 10th at 11:00 AM EST.
- 11/09/2023
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Legacy Housing (LEGH) Reports Next Week: What You Should Expect
- Legacy Housing (LEGH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/02/2023
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Legacy Housing Corporation Announces Timing of Third Quarter 2023 Earnings Release and Conference Call
- 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.
- 10/24/2023
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Legacy Housing (LEGH) Lags Q2 Earnings and Revenue Estimates
- Legacy Housing (LEGH) came out with quarterly earnings of $0.60 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.69 per share a year ago.
- 08/09/2023
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Legacy Housing Corporation Announces Timing of Second Quarter 2023 Earnings Release and Conference Call
- BEDFORD, Texas, July 25, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its second quarter earnings after markets close on Wednesday, August 9, 2023. The Company will then host a conference call at 10:00 a.m. Central Time on Thursday, August 10, 2023.
- 07/25/2023
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Legacy Housing Corporation Announces Timing of First Quarter 2023 Earnings Release and Conference Call
- BEDFORD, Texas, May 02, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company”) will release its first quarter earnings after markets close on Tuesday, May 9, 2023. The Company will then host a conference call at 10:00 a.m. Central Time on Wednesday, May 10, 2023.
- 05/02/2023
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Wall Street Analysts Believe Legacy Housing (LEGH) Could Rally 31.82%: Here's is How to Trade
- The mean of analysts' price targets for Legacy Housing (LEGH) points to a 31.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
- 04/07/2023
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Wall Street Analysts See a 31.4% Upside in Legacy Housing (LEGH): Can the Stock Really Move This High?
- The average of price targets set by Wall Street analysts indicates a potential upside of 31.4% in Legacy Housing (LEGH). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
- 03/22/2023
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Legacy Housing Corporation (LEGH) Q4 2022 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q4 2022 Earnings Conference Call March 16, 2023 11:00 AM ET Company Participants Duncan Bates - President and Chief Executive Officer Max Africk - General Counsel Conference Call Participants Min Cho - B. Riley Mark Smith - Lake Street Capital Tim Moore - E.F.
- 03/16/2023
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Legacy Housing Corporation Announces Timing of Fourth Quarter and Full Year 2022 Earnings Release and Conference Call
- BEDFORD, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company” or “Legacy", NASDAQ: LEGH) will release earnings for the fourth quarter and full year end December 31, 2022, after markets close on Wednesday, March 15, 2023. The Company will host a conference call to discuss the results at 10:00 AM Central Time on Thursday, March 16, 2023.
- 03/09/2023
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Legacy Housing (LEGH)'s Technical Outlook is Bright After Key Golden Cross
- Is it a good or bad thing when a stock experiences a golden cross technical event?
- 12/09/2022
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Legacy Housing Corporation (LEGH) Q3 2022 Earnings Call Transcript
- Legacy Housing Corporation (NASDAQ:LEGH ) Q3 2022 Earnings Conference Call November 9, 2022 12:00 PM ET Company Participants Duncan Bates - President and CEO Curtis Hodgson - Executive Chairman and Co-Founder Conference Call Participants Mark Smith - Lake Street Capital Timothy Moore - EF Hutton Alexander Rygiel - B. Riley Securities Operator Ladies and gentlemen, thank you for standing by, and welcome to the Legacy Housing Corporation Third Quarter 2022 Earnings Conference Call.
- 11/12/2022
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Legacy Housing (LEGH) Surpasses Q3 Earnings and Revenue Estimates
- Legacy Housing (LEGH) delivered earnings and revenue surprises of 11.54% and 5.33%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 11/08/2022
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Legacy Housing Corporation Announces Timing of Third Quarter 2022 Earnings Release and Conference Call
- BEDFORD, Texas, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (the "Company” or “Legacy", NASDAQ: LEGH) will release earnings for the third quarter ended September 30, 2022, after markets close on Tuesday, November 8, 2022. The Company will host a conference call to discuss the results at 11:00 AM Central Time on Wednesday, November 9, 2022.
- 11/02/2022
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Legacy Housing (LEGH) Upgraded to Strong Buy: Here's What You Should Know
- Legacy Housing (LEGH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- 09/29/2022
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Best Momentum Stocks to Buy for September 29th
- CBRL, LEGH and FOUR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on September 29, 2022.
- 09/29/2022
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New Strong Buy Stocks for September 29th
- BRT, FOUR, IFNNY, LEGH and CBRL have been added to the Zacks Rank #1 (Strong Buy) List on September 29, 2022.
- 09/29/2022
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Best Value Stocks to Buy for September 29th
- LEGH, IFNNY and CBRL made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 29, 2022.
- 09/29/2022
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Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- Real-estate tech Compass skidded after layoffs. Is this a sign of weakness to come throughout the housing industry, or are some subindustries poised to grow?
- 09/23/2022
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Here's Why Momentum in Legacy Housing (LEGH) Should Keep going
- Legacy Housing (LEGH) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
- 12/14/2021
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New Strong Buy Stocks for December 3rd
- ABG, CPRI, INLX, LEGH, and MATX have been added to the Zacks Rank #1 (Strong Buy) List on December 3rd.
- 12/03/2021
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Here's Why "Trend" Investors Would Love Betting on Legacy Housing (LEGH)
- Legacy Housing (LEGH) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 11/22/2021
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Legacy Housing (LEGH) Surges 15.6%: Is This an Indication of Further Gains?
- Legacy Housing (LEGH) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
- 11/10/2021
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Legacy Housing (LEGH) to Report Q3 Results: Wall Street Expects Earnings Growth
- Legacy Housing (LEGH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 11/08/2021
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Here's What Could Help Legacy Housing (LEGH) Maintain Its Recent Price Strength
- Legacy Housing (LEGH) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
- 09/06/2021
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Legacy Housing Corporation: Don't Ignore This Mobile Home Gem
- The business is very stable. Sales through its own stores will offer better margins and growth sustainability.
- 08/20/2021
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Legacy Housing (LEGH) Surpasses Q2 Earnings and Revenue Estimates
- Legacy Housing (LEGH) delivered earnings and revenue surprises of 15.91% and 1.97%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/09/2021
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Legacy Housing Corporation Reports Second Quarter 2021 Financial Results
- BEDFORD, Texas, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the Second quarter ended June 30, 2021.
- 08/09/2021
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6 Homebuilder Stocks to Avoid While the Real Estate Market Runs Hot
- The housing market may be booming but that doesn't mean all homebuilders are experiencing the same types of success. The post 6 Homebuilder Stocks to Avoid While the Real Estate Market Runs Hot appeared first on InvestorPlace.
- 07/26/2021
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Legacy Housing (LEGH) is Oversold: Can It Recover?
- Legacy Housing (LEGH) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- 06/29/2021
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Will Legacy Housing (LEGH) Gain on Rising Earnings Estimates?
- Legacy Housing (LEGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 05/21/2021
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Legacy Housing Corporation Reports First Quarter 2021 Financial Results
- BEDFORD, Texas, May 10, 2021 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the first quarter ended March 31, 2021.
- 05/10/2021
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Legacy Housing Corporation Could Be A Legendary Company
- Legacy Housing Corporation Could Be A Legendary Company
- 05/08/2021
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4 Breakout Stocks to Buy for Impressive Returns
- Choosing breakout stocks is probably one of the most popular techniques among active investors.
- 04/12/2021
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Legacy Housing's (LEGH) Shares March Higher, Can It Continue?
- As of late, it has definitely been a great time to be an investor in Legacy Housing Corporation (LEGH).
- 04/07/2021
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Legacy Housing (LEGH) Hits 52-Week High, Can the Run Continue?
- Legacy Housing (LEGH) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 04/02/2021
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Sell Homebuilders And Buy Manufactured Housing
- Sell Homebuilders And Buy Manufactured Housing
- 04/01/2021
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Legacy Housing Corporation Reports Fourth Quarter 2020 Financial Results
- BEDFORD, Texas, March 16, 2021 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the fourth quarter ended December 31, 2020.
- 03/16/2021
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Legacy Housing: Underappreciated Value
- Legacy Housing: Underappreciated Value
- 03/02/2021
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Legacy Housing (LEGH) Tops Q3 Earnings and Revenue Estimates
- Legacy Housing (LEGH) delivered earnings and revenue surprises of 29.63% and 3.51%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 11/16/2020
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Legacy Housing Corporation Reports 2020 Third Quarter Results
- BEDFORD, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the third quarter ended September 30, 2020.
- 11/16/2020
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Legacy Housing Corporation Reports Amended 2020 Second Quarter Results
- BEDFORD, Texas, Nov. 09, 2020 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) announces restated financial results for the second quarter ended June 30, 2020. On November 6, 2020, Legacy Housing Corporation (the “Company”) filed an amended Quarterly Report on Form 10-Q/A restating its second quarter interim financial statements for fiscal year 2020. As a result of the restatement, investors should no longer rely upon the Company's previously issued financial statements for the period set forth above, earnings releases for this period, and other communications relating to these financial statements.
- 11/09/2020
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Legacy Housing: Building A Legacy In Housing
- Legacy Housing pursuing a unique business strategy, which is masking its true value. Home sales remained high throughout the pandemic, while payment deferrals on its loans remained low.
- 11/06/2020
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Global Tiny Homes Market - Actionable Research on COVID-19 | Growing Expenditure on Cost-efficient Homes to Boost the Market Growth | Technavio
- The Global Tiny Homes Market will grow by USD 5.80 bn during 2020-2024
- 10/01/2020
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Legacy Housing Corporation Reports 2020 Second Quarter Results
- BEDFORD, Texas, Aug. 13, 2020 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the second quarter ended June 30, 2020. Financial Highlights: * Revenue for the second quarter of 2020 was $46.0 million, which was a slight improvement from the net revenue of $45.8 million in the second quarter of 2019. * Interest income in the second quarter of 2020 was $6.1 million, a nearly 20% increase from the $5.1 million recorded in the second quarter of 2019. * Income from operations in the second quarter of 2020 was $11.2 million, which was substantially unchanged from the $11.5 million in the second quarter of 2019. * Selling, general and administrative expense in the second quarter of 2020 was $4.1 million, a 33.9% decrease from the $6.1 million in the second quarter of 2019. This was due to a reduction in payroll costs, advertising and dealer show expenses, and warranty service costs as well as certain second quarter 2019 retail store expenses that were subsequently reclassified and recorded into cost of sales in the latter part of 2019. * Total inventory reduced by $6.1 million or 13.6% to $38.9 million in the second quarter of 2020 compared to $45.0 million in the second quarter of 2019. * The manufactured home park loan portfolio increased by $16.8 million or 16.3% to $120.1 million for second quarter 2020 compared to $103.3 million for first quarter 2020. The consumer loan portfolio increased to $107.2 million, inclusive of the allowance for loan loss and other discounts, compared to $105.6 million for the first quarter 2020. * Net income in the second quarter of 2020 was consistent with the second quarter of 2019 with both quarters delivering earnings of $8.6 million. Year to date net income has increased by $1.8 million or 11.2% to $17.6 million for the six months ended June 30, 2020 compared to $15.8 million for the same period last year. * Earnings per share for the second quarter of 2020, based on diluted weighted average shares outstanding, was $0.36 on 24,201,823 diluted outstanding shares versus $0.35 on 24,369,890 diluted outstanding shares for the comparable quarter in 2019. Similarly, earnings per share for the six months ended June 30, 2020 were $0.73 compared to $0.65 for the same period last year.Curtis D. Hodgson, Executive Chairman of the Board, commented, “We are pleased with the results of the second quarter of 2020, which included a continuation of the strong growth in financed sales to manufactured home parks. Additionally, the company took proactive steps during the first and second quarter of 2020 to navigate the COVID-19 environment by reducing costs and gaining operational flexibility in our manufacturing operations. Over the last six months we have increased the tangible book value of the company by approximately 8% for our shareholders despite the headwinds of the current economy. We believe that manufactured housing presents a compelling, long-term solution for the ongoing lack of affordable housing in the United States, and the Company is well-positioned to take advantage of this market.This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.Management Conference Call- August 14 at 10 AM (Central Time)Senior management will discuss the results of the second quarter of 2020 in a live webcast and conference call on Friday, August 14, 2020 at 10:00 AM Central Time. To register and participate in the webcast, please go to https://edge.media-server.com/mmc/p/sepkcxov, which will also be accessible via www.legacyhousingusa.com under the Investors link. In order to dial in, please call in at (866) 952-6347 and enter Conference ID 4267224 when prompted. Please try to join the webcast or call at least ten minutes prior to the scheduled start time.About Legacy Housing CorporationLegacy Housing Corporation builds, sells and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities. We are the fourth largest producer of manufactured homes in the United States as ranked by number of homes manufactured based on the information available from the Manufactured Housing Institute. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $22,000 to $120,000.Forward Looking StatementsThis press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy Housing undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.Investor Inquiries: Shane Allred, Director of Financial Reporting, (817) 799-4903 investors@legacyhousingcorp.comorMedia Inquiries: Casey Mack, (817) 799-4904 pr@legacyhousingcorp.com LEGACY HOUSING CORPORATION BALANCE SHEETS (in thousands) (Unaudited) June 30 December 31, 2020 2019 Assets Cash and cash equivalents $1,024 $1,724 Inventories 26,377 27,228 Prepaid expenses and other current assets 22,103 24,015 Total current assets 49,504 52,967 Property, plant and equipment, net 21,320 21,038 Consumer loans, net of deferred financing fees and allowance for loan losses 102,166 99,048 Notes receivable from mobile home parks (“MHP”) 108,274 81,375 Other assets and non-current inventory 30,920 29,192 Total assets $312,184 $283,620 Liabilities and Stockholders' Equity Total current liabilities, excluding debt $28,556 $23,073 Total long-term debt, including current portion 37,535 30,861 Other long-term liabilities 7,367 7,297 Total stockholder's equity 238,726 222,389 Total liabilities and stockholders' equity $312,184 $283,620 LEGACY HOUSING CORPORATION STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (Unaudited) Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net revenue: Product sales $39,179 $39,766 $70,375 $71,316 Consumer and MHP loans interest 6,067 5,112 12,491 10,642 Other 760 883 1,414 1,757 Total net revenue 46,006 45,761 84,280 83,715 Operating expenses: Cost of product sales 30,557 27,876 52,416 49,760 Selling, general administrative expenses 4,064 6,144 9,676 12,635 Dealer incentive 186 239 380 449 Income from operations 11,199 11,502 21,808 20,871 Other expense (13) (81) 997 (229) Income before income tax expense 11,186 11,421 22,805 20,642 Income tax expense (2,590) (2,788) (5,186) (4,796) Net income $8,596 $8,633 $17,619 $15,846 Weighted average shares outstanding: Basic 24,201,220 24,369,890 24,260,274 24,442,921 Diluted 24,201,823 24,369,890 24,260,938 24,457,967 Net income per share: Basic $0.36 $0.35 $0.73 $0.65 Diluted $0.36 $0.35 $0.73 $0.65
- 08/14/2020
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Moving Average Crossover Alert: Legacy Housing
- Legacy Housing Corporation is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
- 08/07/2020
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Analysts Estimate Legacy Housing (LEGH) to Report a Decline in Earnings: What to Look Out for
- Legacy Housing (LEGH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 08/04/2020
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If You Like EPS Growth Then Check Out Legacy Housing (NASDAQ:LEGH) Before It's Too Late
- It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...
- 07/29/2020
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Perritt Capital Management Manager Commentary Q2 2020
- Perritt Capital Management is an independent and registered investment advisor located in Chicago's Financial District.
- 07/17/2020
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COVID-19, surge in ‘renovictions,’ complicate Montreal’s traditional moving day
- The coronavirus has exacerbated a housing crisis brought on by low vacancies, rising rents and a wave of tenants being displaced by landlords hoping to retake their dwellings or capitalize on their property values
- 07/01/2020
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«Das wird eine ziemliche Mammutaufgabe»
- Im letzten Artikel dieser Miniserie stellten wir euch Valeria Mella, Adi Rüedi und ihre verrückten Projekte vor. Nun trafen wir sie für ein Gespräch, bei dem sich alles um ihre aktuelle Tat drehte: den Bau einer Tiny-House-Gondel.
- 06/23/2020
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Conservation Officer Injured; Body Found In River: Nearby News
- Plus: High school principal gives up ed. credentials; missing teens; child falls out of apartment window; rallies held; plane crash; more.
- 06/21/2020
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What can you buy for €60k in France, Italy, Slovenia, the US and Co Carlow?
- Take5: An apartment on a market square, a mini vineyard, and a tiny house in Alaska
- 06/18/2020
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Another Teen Missing; Flying Cars Coming?; More | NH Right Now
- Plus: Arts center yard waste fire; journalist gets a coronavirus test; good news; Legislature slouches toward end of session; breaking news.
- 06/15/2020
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Will Legacy Housing Continue to Surge Higher?
- As of late, it has definitely been a great time to be an investor of Legacy Housing
- 06/11/2020
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Earnings Estimates Moving Higher for Legacy Housing (LEGH): Time to Buy?
- Legacy Housing (LEGH) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
- 06/02/2020
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Is Legacy Housing Corporation (LEGH) A Good Stock To Buy?
- In this article we will check out the progression of hedge fund sentiment towards Legacy Housing Corporation (NASDAQ:LEGH) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]
- 06/01/2020
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Impact of Coronavirus (Covid-19) On Fruit Powder Market Till 2024 | Top Companies: BI Nutraceuticals, Naturalin, Blueberry Anthocyanin And More
- May 29, 2020 (PRNews Times via COMTEX) --
Global Fruit Powder Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and...
- 05/29/2020
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Who Could Win, Lose As US Homebuilding Starts Decline: Home Depot 'Performing Well' During Coronavirus Crisis
- The coronavirus capped groundbreaking on U.S. homebuilding projects at a five-year low for the month of April, according to a Tuesday report from the Commerce Department.
“...
- 05/19/2020
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What Is Legacy Housing's (NASDAQ:LEGH) P/E Ratio After Its Share Price Rocketed?
- Legacy Housing (NASDAQ:LEGH) shareholders are no doubt pleased to see that the share price has bounced 30% in the last...
- 05/16/2020
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Legacy Housing Corporation Reports 2020 First Quarter Results
- BEDFORD, Texas, May 15, 2020 -- Legacy Housing Corporation (Nasdaq: LEGH) today announced its financial results for the first quarter ended March 31, 2020..
- 05/15/2020
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Legacy Housing Corporation Announces Its First Quarter 2020 Earnings Release and Call
- Senior management will discuss the results in a live webcast and conference the same day at 10:00 AM Central Time. Legacy Housing Corporation builds, sells and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 390 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms.
- 05/14/2020
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Global High Energy Biscuits Market 2020 Segmentation Analysis, Key Players, Industry Share and Forecast by 2025
- May 03, 2020 (CDN Newswire via Comtex) --
This research report titled Global High Energy Biscuits Market 2020 by Manufacturers, Regions, Type and...
- 05/03/2020
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Considering China's actions over COVID-19 is for later, UK minister says
- Considering China's actions regarding the novel coronavirus crisis is something that the United Kingdom will look at later but the focus right now is dealing with the immediate impact of the outbreak, a British minister said on Saturday.
- 05/02/2020
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Why We Like Legacy Housing Corporation’s (NASDAQ:LEGH) 16% Return On Capital Employed
- Today we'll evaluate Legacy Housing Corporation (NASDAQ:LEGH) to determine whether it could have potential as an...
- 04/27/2020
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Treasury urges publicly traded companies to return PPP loans
- Following objections over large publicly traded companies getting forgivable loans under the Payroll Protection Program, the U.S. Treasury issues new guidance explaining that the program is meant for
- 04/23/2020
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Publicly-traded companies raided the PPP pantry
- Even with the U.S. Senate set to vote later today on passing an additional relief bill for small businesses in the U.S., there is a bright spotlight being thrown on where the funds from the original
- 04/21/2020
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Legacy Housing Corporation Announces New Credit Facility
- Legacy Housing Corporation (the “Company”) (LEGH), a leader in the manufactured housing industry, today announced the closing of a new four-year credit agreement with Capital One, N.A. (“Capital One”) that replaces the current agreement with Capital One that was due to expire on May 11 of this year. The new credit agreement closed on March 30, 2020 and increased the Company’s borrowing base with Capital One from $45,000,000 to $70,000,000.
- 04/01/2020
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Analysts' Opinions Are Mixed on These Financial Stocks: Legacy Housing (LEGH), Service Properties (SVC) and Ready Capital (RC)
- Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Legacy Housing (LEGH), Service Properties (SVC) and Ready
- 03/31/2020
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Analysts’ Opinions Are Mixed on These Financial Stocks: Legacy Housing (NASDAQ: LEGH), Service Properties (NASDAQ: SVC) and Ready Capital (NYSE: RC)
- Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Legacy Housing (LEGH
- 03/31/2020
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Legacy Housing Corporation Reports Fourth Quarter and Fiscal Year 2019 Results
- BEDFORD, Texas, March 30, 2020 -- Legacy Housing Corporation (the “Company”) (NASDAQ: LEGH) today announced results for the fourth quarter and the full fiscal 2019 year..
- 03/30/2020
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Legacy Housing Corp. to Host Earnings Call
- NEW YORK, NY / ACCESSWIRE / March 30, 2020 / Legacy Housing Corp. (NASDAQ:LEGH) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 30, 2020 at 11:00 ...
- 03/30/2020
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Legacy Housing Corporation Announces Its Fourth Quarter and Fiscal Year 2019 Earnings Release and Call
- Legacy’s management will hold a conference call to review these results on Monday, March 30, 2020, at 10 AM (Central Time). Legacy Housing Corporation builds, sells and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured housing communities.
- 03/27/2020
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Benzinga's Top Upgrades, Downgrades For March 17, 2020
- Upgrades * Morgan Stanley changed the rating for Westinghouse Air Brake Technologies Corp (NYSE: WAB) from Equal-Weight to Overweight. For the fourth quarter, Westinghouse Air Brake had an EPS of $1.04, compared to year-ago quarter EPS of $0.97. The stock has a 52-week-high of $81.75 and a 52-week-low
- 03/17/2020
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B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact PGTI;TGLS;BLDR;BMCH;TPH;LEGH;RCMT;PWR;ALTG
- B. Riley FBR downgrades seven Industrials on broadening COVID-19 impact B. Riley FBR PGTI TGLS BLDR BMCH TPH LEGH RCMT PWR ALTG
- 03/17/2020
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Legacy Housing Corp (NASDAQ:LEGH) Shares Sold by American Financial Group Inc.
- American Financial Group Inc. reduced its stake in shares of Legacy Housing Corp (NASDAQ:LEGH) by 35.9% during the 4th quarter, HoldingsChannel reports. The firm owned 188,567 shares of the company’s stock after selling 105,705 shares during the quarter. American Financial Group Inc.’s holdings in Legacy Housing were worth $3,138,000 at the end of the most […]
- 03/03/2020
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Don't Sell Legacy Housing Corporation (NASDAQ:LEGH) Before You Read This
- This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- 01/02/2020
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Here’s What Hedge Funds Think About Legacy Housing Corporation (LEGH)
- After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […]
- 12/22/2019
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Legacy Housing Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
- Legacy Housing Corporation (NASDAQ:LEGH) just released its latest quarterly report and things are not looking great...
- 11/18/2019
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Legacy Housing Corporation Reports 2019 Third Quarter Results
- Legacy Housing Corporation (LEGH) today announced its financial results for the third quarter ended September 30, 2019. The consumer loan portfolio increased to $103.1 million, inclusive of the allowance for loan loss and other discounts. Earnings per share for the second quarter of 2019, based on diluted weighted average shares outstanding, was $0.25 on 24,338,839 diluted outstanding shares versus $0.32 on 20,000,000 outstanding shares for the comparable quarter in 2018.
- 11/14/2019
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What Kind Of Shareholders Own Legacy Housing Corporation (NASDAQ:LEGH)?
- If you want to know who really controls Legacy Housing Corporation (NASDAQ:LEGH), then you'll have to look at the...
- 11/12/2019
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CBRE Group's (CBRE) Q3 Earnings Top Estimate, Stock Down
- Encouraging leasing, advisory services and U.S. capital market performance, along with fee revenue growth, aids CBRE Group's (CBRE) Q3 results.
- 11/07/2019
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Jones Lang LaSalle (JLL) Stock Up 7.1% on Q3 Earnings Beat
- Jones Lang LaSalle (JLL) Q3 results reflect solid Americas' leasing and Capital Markets performance, while Corporate Solutions growth boosts annuity base.
- 11/06/2019
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Curt Hodgson and Dechomai Asset Trust Execute Agreement Transferring Legacy Stock
- Legacy Housing Corporation (LEGH) today announced Curtis D. Hodgson, Executive Chairman of the Board, entered into an agreement to convey 1,600,000 shares of Legacy’s common stock to Dechomai Asset Trust, a 501(c)(3) trust and charitable organization. Dechomai Asset Trust is a supporting organization for the Dechomai Foundation.
- 10/01/2019
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LEGH vs. EPRT: Which Stock Should Value Investors Buy Now?
- LEGH vs. EPRT: Which Stock Is the Better Value Option?
- 08/16/2019
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Housing starts beat expectations, jumping 20%; condos, apartments up 30%
- Single-detached urban starts rose 6 per cent
- 05/08/2019
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Here’s what you could buy with the federal budget’s housing plan - BNN Bloomberg
- Under the First-Time Home Buyer’s Incentive, Ottawa is setting aside $1.25 billion over three years towards so-called shared equity mortgages, which it expects will be used by 100,000 homebuyers. It’s intended to improve housing affordability by reducing the mortgage load for borrowers that would effectively result in lower monthly payments.
- 03/29/2019
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Tesla Energy is powering this "House of the future" at the LA Auto Show
- Making a big splash at the LA Auto Show this week is California-based Tesla who’s pulling out all the stops in its display of a “House of the Future” and the much talked about Model 3. Though arguably best known for its fleet of all-electric vehicles, Tesla is also looking to educate attendees of the …
- 12/01/2017
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