Legacy Housing Corp (NASDAQ: LEGH) closed recent trading at $15.98


On Friday, Legacy Housing Corp (NASDAQ: LEGH) shares recorded trading volume 4.6K shares as compared to its average volume of 28.64K shares. The shares price traded between $15.63 and $15.99 during the last trading session gained with 1.78% at $15.98. Over the one year trading period, the stock has a peak price of $17.4 and its down is recorded at $8.93.

Legacy Housing Corporation’s (LEGH) stock price showed strong performance of 2.17% in last seven days, switched down -2.98% in last thirty days. It has 24.29 million of outstanding shares and its shares float measured at 5.21.

Legacy Housing Corp (NASDAQ: LEGH) recently reported its financial results for the second quarter ended June 30, 2019.

Financial Highlights:

  • Revenue for the second quarter of 2019 was $45.8M, contrast to $44.0M in the second quarter of 2018, a raise of $1.8M or 4%.
  • Gross margin percentage increased to 29.9% from 23.2% from the previous year as a result of price increases, increased sales to manufactured home parks, and increased company-owned retail sales directly to consumers.
  • The manufactured home park loan portfolio increased by $14.1M to a total of $72.0M, a raise of 24% from the end of 2018. The consumer loan portfolio increased to $101.0M, inclusive of the allowance for loan loss and other discounts.
  • Earnings before taxes grew $2.5M or 28% to $11.4M in the second quarter contrast to the previous year quarter. Net income was $8.6M in the second quarter of 2019, contrast to $6.9M for the comparable period in 2018, a 25% increase in net income.
  • The Company’s revenue and net income increases came exclusively from organic growth.
  • Earnings per share for the second quarter of 2019, based on diluted weighted average shares outstanding, was $0.35 on 24.37M diluted outstanding shares versus $0.34 on 20.00M outstanding shares for the comparable quarter in 2018. The increase in shares reflects those shares sold pursuant to the Company’s successful initial public offering.

Like it? Share with your friends!

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win
admin