LegacyTexas Financial Group Inc (NASDAQ:LTXB) Expected to Announce Earnings of $0.82 Per Share

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Equities research analysts expect LegacyTexas Financial Group Inc (NASDAQ:LTXB) to post $0.82 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for LegacyTexas Financial Group’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.93. LegacyTexas Financial Group reported earnings per share of $0.90 during the same quarter last year, which would suggest a negative year over year growth rate of 8.9%. The business is scheduled to announce its next earnings report on Tuesday, October 15th.

According to Zacks, analysts expect that LegacyTexas Financial Group will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $2.79 to $3.34. For the next year, analysts anticipate that the company will report earnings of $3.34 per share, with EPS estimates ranging from $3.13 to $3.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow LegacyTexas Financial Group.

LegacyTexas Financial Group (NASDAQ:LTXB) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.79 by ($0.19). The business had revenue of $97.79 million during the quarter, compared to the consensus estimate of $99.13 million. LegacyTexas Financial Group had a return on equity of 13.08% and a net margin of 32.39%.

Several research analysts recently commented on the stock. SunTrust Banks downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $43.00 to $39.05 in a report on Tuesday, June 18th. BidaskClub raised shares of LegacyTexas Financial Group from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Piper Jaffray Companies downgraded shares of LegacyTexas Financial Group from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $45.50 to $43.50 in a report on Tuesday, June 18th. DA Davidson downgraded shares of LegacyTexas Financial Group from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Monday, June 17th. Finally, Zacks Investment Research downgraded shares of LegacyTexas Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.33.

LTXB opened at $43.17 on Wednesday. The company has a 50 day moving average of $42.02 and a 200 day moving average of $40.40. The company has a market cap of $2.12 billion, a PE ratio of 14.89 and a beta of 1.54. LegacyTexas Financial Group has a 12 month low of $30.18 and a 12 month high of $44.22. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 1.33.

In other LegacyTexas Financial Group news, EVP Charles D. Eikenberg sold 1,821 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $42.88, for a total value of $78,084.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Scott A. Almy sold 1,416 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $42.88, for a total transaction of $60,718.08. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quantamental Technologies LLC purchased a new stake in shares of LegacyTexas Financial Group during the 2nd quarter valued at $122,000. Cubist Systematic Strategies LLC purchased a new stake in shares of LegacyTexas Financial Group during the 2nd quarter valued at $223,000. CWM LLC purchased a new stake in shares of LegacyTexas Financial Group during the 2nd quarter valued at $254,000. Gamco Investors INC. ET AL purchased a new stake in shares of LegacyTexas Financial Group during the 2nd quarter valued at $301,000. Finally, AlphaCrest Capital Management LLC purchased a new stake in shares of LegacyTexas Financial Group during the 1st quarter valued at $318,000. Institutional investors and hedge funds own 82.55% 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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