Equities analysts expect that LGI Homes Inc (NASDAQ:LGIH) will report $0.70 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for LGI Homes’ earnings, with the highest EPS estimate coming in at $0.77 and the lowest estimate coming in at $0.62. LGI Homes posted earnings of $0.52 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 34.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that LGI Homes will report full year earnings of $6.10 per share for the current year, with EPS estimates ranging from $6.05 to $6.18. For the next fiscal year, analysts expect that the business will post earnings of $7.17 per share, with EPS estimates ranging from $6.92 to $7.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover LGI Homes.
LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. LGI Homes had a net margin of 9.01% and a return on equity of 26.41%. The business had revenue of $405.00 million during the quarter, compared to the consensus estimate of $377.46 million. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s revenue was up 71.0% on a year-over-year basis.
A number of equities research analysts have commented on the stock. BidaskClub downgraded shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th. Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Wedbush raised shares of LGI Homes from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $59.51 to $73.00 in a research report on Tuesday, February 13th. Finally, ValuEngine raised shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $61.50.
In other LGI Homes news, Director Ryan Edone purchased 1,400 shares of the company’s stock in a transaction dated Friday, March 2nd. The shares were acquired at an average price of $56.36 per share, for a total transaction of $78,904.00. Following the purchase, the director now directly owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Eric Thomas Lipar sold 25,000 shares of LGI Homes stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total transaction of $1,800,750.00. Following the transaction, the chief executive officer now owns 491,233 shares in the company, valued at approximately $35,383,512.99. The disclosure for this sale can be found here. Insiders have sold a total of 114,432 shares of company stock worth $7,506,512 in the last quarter. Corporate insiders own 13.60% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Advisor Group Inc. boosted its stake in shares of LGI Homes by 384.7% during the 4th quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,154 shares during the last quarter. Meadow Creek Investment Management LLC purchased a new position in shares of LGI Homes during the 4th quarter worth $172,000. Midas Management Corp purchased a new position in shares of LGI Homes during the 4th quarter valued at $191,000. SG Americas Securities LLC purchased a new position in shares of LGI Homes during the 3rd quarter valued at $199,000. Finally, Albion Financial Group UT purchased a new position in shares of LGI Homes during the 3rd quarter valued at $213,000. Institutional investors and hedge funds own 84.84% of the company’s stock.
LGI Homes (NASDAQ LGIH) traded up $0.05 during trading hours on Friday, reaching $69.06. 33,089 shares of the company’s stock were exchanged, compared to its average volume of 433,854. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.16 and a current ratio of 9.16. LGI Homes has a fifty-two week low of $28.57 and a fifty-two week high of $79.55. The company has a market cap of $1,506.53, a P/E ratio of 14.54, a PEG ratio of 1.00 and a beta of 0.31.
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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.
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