News coverage about LGI Homes (NASDAQ:LGIH) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. LGI Homes earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.5883691868924 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- $1.21 EPS Expected for LGI Homes, Inc. (LGIH) This Quarter (americanbankingnews.com)
- LGI Homes, Inc. Reports November 2017 Home Closings (markets.financialcontent.com)
- Contrasting LGI Homes (LGIH) and Its Competitors (americanbankingnews.com)
- Head to Head Survey: LGI Homes (LGIH) vs. Its Peers (americanbankingnews.com)
- LGI Homes (LGIH) & Its Rivals Head to Head Analysis (americanbankingnews.com)
Several brokerages recently weighed in on LGIH. Zacks Investment Research cut LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. J P Morgan Chase & Co cut LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research note on Wednesday, August 9th. ValuEngine raised LGI Homes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 30th. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $55.00 to $49.00 in a research note on Tuesday, October 3rd. Finally, BidaskClub cut LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $54.33.
LGI Homes (LGIH) opened at $66.84 on Wednesday. The stock has a market capitalization of $1,471.65, a price-to-earnings ratio of 15.67, a PEG ratio of 1.36 and a beta of 0.27. The company has a current ratio of 8.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.04. LGI Homes has a 1-year low of $26.82 and a 1-year high of $71.96.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.10. The firm had revenue of $365.90 million for the quarter, compared to the consensus estimate of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. The company’s quarterly revenue was up 69.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. analysts predict that LGI Homes will post 4.54 EPS for the current year.
In other LGI Homes news, insider Michael Larry Snider sold 3,500 shares of the stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $45.81, for a total value of $160,335.00. Following the transaction, the insider now owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.27, for a total value of $1,356,750.00. Following the completion of the transaction, the chief executive officer now directly owns 504,593 shares in the company, valued at approximately $27,384,262.11. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,601 shares of company stock worth $4,233,916. Corporate insiders own 13.60% of the company’s stock.
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About LGI Homes
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.
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