Analysts Offer Predictions for LGI Homes, Inc.’s Q3 2017 Earnings (LGIH)

LGI Homes, Inc. (NASDAQ:LGIH) – Equities researchers at Wedbush upped their Q3 2017 earnings per share (EPS) estimates for LGI Homes in a research note issued to investors on Thursday. Wedbush analyst J. Mccanless now anticipates that the financial services provider will post earnings of $1.49 per share for the quarter, up from their previous forecast of $1.11. Wedbush has a “Neutral” rating and a $49.00 price objective on the stock. Wedbush also issued estimates for LGI Homes’ FY2017 earnings at $4.94 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.89 EPS and Q4 2018 earnings at $1.98 EPS.

LGIH has been the topic of a number of other research reports. ValuEngine cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Deutsche Bank AG upped their target price on LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. J P Morgan Chase & Co cut LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut LGI Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. LGI Homes presently has a consensus rating of “Buy” and an average price target of $47.00.

ILLEGAL ACTIVITY NOTICE: “Analysts Offer Predictions for LGI Homes, Inc.’s Q3 2017 Earnings (LGIH)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/09/analysts-offer-predictions-for-lgi-homes-inc-s-q3-2017-earnings-lgih.html.

Shares of LGI Homes (LGIH) opened at 52.28 on Monday. LGI Homes has a 12-month low of $26.82 and a 12-month high of $54.84. The firm has a 50-day moving average price of $45.61 and a 200 day moving average price of $39.01. The stock has a market cap of $1.13 billion, a PE ratio of 13.88 and a beta of 0.12.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter last year, the business posted $0.96 EPS. The business’s revenue was up 45.6% on a year-over-year basis.

In related news, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the transaction, the director now owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at approximately $22,324,613.25. The disclosure for this sale can be found here. In the last three months, insiders sold 38,500 shares of company stock worth $1,743,735. 13.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in LGI Homes by 85.3% in the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,422 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 402 shares in the last quarter. State of Alaska Department of Revenue grew its stake in LGI Homes by 82.4% in the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,533 shares in the last quarter. Mason Street Advisors LLC grew its stake in LGI Homes by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 260 shares in the last quarter. Finally, Invictus RG bought a new position in LGI Homes in the first quarter worth approximately $193,000. 93.37% of the stock is currently owned by institutional investors.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina

LGI Homes, Inc. (NASDAQ:LGIH) – Equities researchers at Wedbush upped their Q3 2017 earnings per share (EPS) estimates for LGI Homes in a research note issued to investors on Thursday. Wedbush analyst J. Mccanless now anticipates that the financial services provider will post earnings of $1.49 per share for the quarter, up from their previous forecast of $1.11. Wedbush has a “Neutral” rating and a $49.00 price objective on the stock. Wedbush also issued estimates for LGI Homes’ FY2017 earnings at $4.94 EPS, Q1 2018 earnings at $0.75 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.89 EPS and Q4 2018 earnings at $1.98 EPS.

LGIH has been the topic of a number of other research reports. ValuEngine cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Deutsche Bank AG upped their target price on LGI Homes from $40.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. J P Morgan Chase & Co cut LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a research note on Wednesday, August 9th. Finally, Zacks Investment Research cut LGI Homes from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 12th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. LGI Homes presently has a consensus rating of “Buy” and an average price target of $47.00.

ILLEGAL ACTIVITY NOTICE: “Analysts Offer Predictions for LGI Homes, Inc.’s Q3 2017 Earnings (LGIH)” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/09/analysts-offer-predictions-for-lgi-homes-inc-s-q3-2017-earnings-lgih.html.

Shares of LGI Homes (LGIH) opened at 52.28 on Monday. LGI Homes has a 12-month low of $26.82 and a 12-month high of $54.84. The firm has a 50-day moving average price of $45.61 and a 200 day moving average price of $39.01. The stock has a market cap of $1.13 billion, a PE ratio of 13.88 and a beta of 0.12.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The business had revenue of $324.20 million during the quarter, compared to analysts’ expectations of $317.63 million. During the same quarter last year, the business posted $0.96 EPS. The business’s revenue was up 45.6% on a year-over-year basis.

In related news, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $46.30, for a total value of $1,157,500.00. Following the transaction, the director now owns 159,551 shares of the company’s stock, valued at $7,387,211.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the transaction, the chief executive officer now directly owns 524,175 shares in the company, valued at approximately $22,324,613.25. The disclosure for this sale can be found here. In the last three months, insiders sold 38,500 shares of company stock worth $1,743,735. 13.60% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its stake in LGI Homes by 85.3% in the first quarter. Victory Capital Management Inc. now owns 3,090 shares of the financial services provider’s stock worth $105,000 after purchasing an additional 1,422 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in LGI Homes by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,238 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 402 shares in the last quarter. State of Alaska Department of Revenue grew its stake in LGI Homes by 82.4% in the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 1,533 shares in the last quarter. Mason Street Advisors LLC grew its stake in LGI Homes by 7.0% in the first quarter. Mason Street Advisors LLC now owns 3,981 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 260 shares in the last quarter. Finally, Invictus RG bought a new position in LGI Homes in the first quarter worth approximately $193,000. 93.37% of the stock is currently owned by institutional investors.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

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