Brokerages predict that LGI Homes Inc (NASDAQ:LGIH) will report earnings of $1.71 per share for the current quarter, Zacks reports. Four analysts have made estimates for LGI Homes’ earnings. The lowest EPS estimate is $1.55 and the highest is $1.91. LGI Homes reported earnings per share of $1.43 during the same quarter last year, which suggests a positive year over year growth rate of 19.6%. The company is expected to issue its next earnings report on Tuesday, February 26th.
On average, analysts expect that LGI Homes will report full-year earnings of $6.17 per share for the current financial year, with EPS estimates ranging from $6.07 to $6.31. For the next fiscal year, analysts forecast that the firm will report earnings of $7.10 per share, with EPS estimates ranging from $6.73 to $7.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for LGI Homes.
LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.03. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. The company had revenue of $380.37 million for the quarter, compared to analysts’ expectations of $378.96 million. During the same quarter last year, the business earned $1.40 earnings per share. LGI Homes’s revenue was up 4.0% on a year-over-year basis.
LGIH has been the topic of a number of recent analyst reports. Wells Fargo & Co decreased their price target on LGI Homes from $63.00 to $44.00 and set an “average” rating on the stock in a research report on Wednesday, November 7th. JMP Securities set a $60.00 target price on LGI Homes and gave the company a “buy” rating in a research report on Wednesday, November 7th. BidaskClub upgraded LGI Homes from a “hold” rating to a “buy” rating in a research report on Friday. Wedbush set a $55.00 target price on LGI Homes and gave the company a “hold” rating in a research report on Thursday, October 4th. Finally, ValuEngine upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $56.70.
In other LGI Homes news, Director Ryan Edone bought 1,000 shares of the firm’s stock in a transaction on Tuesday, November 13th. The shares were purchased at an average price of $41.12 per share, for a total transaction of $41,120.00. Following the completion of the transaction, the director now directly owns 23,982 shares in the company, valued at approximately $986,139.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in LGIH. First Mercantile Trust Co. acquired a new stake in shares of LGI Homes during the third quarter valued at about $126,000. Morse Asset Management Inc acquired a new stake in shares of LGI Homes during the second quarter valued at about $207,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of LGI Homes during the second quarter valued at about $221,000. BRYN MAWR TRUST Co acquired a new stake in shares of LGI Homes during the second quarter valued at about $228,000. Finally, SG Americas Securities LLC acquired a new stake in shares of LGI Homes during the second quarter valued at about $234,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
Shares of NASDAQ LGIH traded down $0.82 during mid-day trading on Monday, reaching $41.98. The company had a trading volume of 455,400 shares, compared to its average volume of 418,097. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 13.89. LGI Homes has a one year low of $37.16 and a one year high of $81.88. The stock has a market capitalization of $972.29 million, a P/E ratio of 8.88, a PEG ratio of 0.63 and a beta of 0.25.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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