Brokerages Expect LegacyTexas Financial Group Inc (NASDAQ:LTXB) Will Announce Earnings of $0.83 Per Share

Wall Street brokerages forecast that LegacyTexas Financial Group Inc (NASDAQ:LTXB) will report earnings per share (EPS) of $0.83 for the current fiscal quarter, according to Zacks. Four analysts have made estimates for LegacyTexas Financial Group’s earnings, with the lowest EPS estimate coming in at $0.80 and the highest estimate coming in at $0.86. LegacyTexas Financial Group reported earnings of $0.59 per share during the same quarter last year, which would suggest a positive year over year growth rate of 40.7%. The firm is scheduled to issue its next earnings report on Tuesday, July 16th.

According to Zacks, analysts expect that LegacyTexas Financial Group will report full year earnings of $3.15 per share for the current financial year, with EPS estimates ranging from $3.05 to $3.22. For the next financial year, analysts expect that the business will report earnings of $3.45 per share, with EPS estimates ranging from $3.27 to $3.52. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for LegacyTexas Financial Group.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.12). LegacyTexas Financial Group had a net margin of 33.36% and a return on equity of 13.43%. The company had revenue of $91.06 million during the quarter, compared to analysts’ expectations of $94.48 million. During the same period last year, the business earned $0.52 earnings per share.

Several brokerages have recently weighed in on LTXB. Zacks Investment Research downgraded LegacyTexas Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub upgraded shares of LegacyTexas Financial Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 28th. DA Davidson reiterated a “buy” rating on shares of LegacyTexas Financial Group in a research report on Wednesday, April 24th. Finally, ValuEngine cut shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.10.

NASDAQ:LTXB opened at $38.22 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.21 and a beta of 1.55. LegacyTexas Financial Group has a 12 month low of $30.18 and a 12 month high of $47.18.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.62%. The ex-dividend date was Friday, May 3rd. LegacyTexas Financial Group’s payout ratio is 34.48%.

In other LegacyTexas Financial Group news, EVP Charles D. Eikenberg sold 1,537 shares of LegacyTexas Financial Group stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $36.46, for a total transaction of $56,039.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO J. Mays Davenport sold 1,743 shares of LegacyTexas Financial Group stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $36.46, for a total transaction of $63,549.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,971 shares of company stock worth $181,209. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pearl River Capital LLC purchased a new position in LegacyTexas Financial Group in the fourth quarter valued at about $25,000. First Quadrant L P CA purchased a new position in LegacyTexas Financial Group during the first quarter valued at $107,000. Everence Capital Management Inc. purchased a new position in LegacyTexas Financial Group during the first quarter valued at $209,000. Neuburgh Advisers LLC lifted its position in LegacyTexas Financial Group by 17.2% during the fourth quarter. Neuburgh Advisers LLC now owns 5,664 shares of the financial services provider’s stock valued at $182,000 after buying an additional 832 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in LegacyTexas Financial Group during the first quarter valued at $217,000. Hedge funds and other institutional investors own 85.18% of the company’s stock.

About LegacyTexas Financial Group

LegacyTexas Financial Group, Inc operates as the holding company for LegacyTexas Bank that provides various banking products and services in the United States. Its deposit products include interest-bearing and non-interest-bearing demand accounts, savings, money market, certificates of deposit, and individual retirement accounts.

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Earnings History and Estimates for LegacyTexas Financial Group (NASDAQ:LTXB)

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