Headlines about LGI Homes (NASDAQ:LGIH) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LGI Homes earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 47.9617662821795 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Another motive To buy these stock – LGI Homes, Inc., NASDAQ: LGIH) (dailynysenews.com)
- Another motive To buy these stock: LGI Homes, Inc., (NASDAQ: LGIH), US Foods Holding Corp., (NYSE: USFD) (globalexportlines.com)
- Today’s Hot Stock Under Review – LGI Homes (NASDAQ:LGIH) (nasdaqjournal.com)
- Earnings Growth Secrets: Alamos Gold Inc. (NYSE:AGI), LGI Homes, Inc. (NASDAQ:LGIH), Briggs & Stratton … (stocksnewspoint.com)
- Stocks Remain Lower As Bond Yields Hit 7-Year Highs And Shake These Sectors (investors.com)
LGIH opened at $59.77 on Friday. The company has a quick ratio of 1.24, a current ratio of 14.21 and a debt-to-equity ratio of 1.10. LGI Homes has a 52-week low of $31.79 and a 52-week high of $81.88. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 0.84 and a beta of 0.13.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, May 8th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.33. LGI Homes had a net margin of 9.38% and a return on equity of 27.68%. The company had revenue of $279.00 million during the quarter, compared to the consensus estimate of $271.68 million. During the same period in the previous year, the firm earned $0.52 earnings per share. LGI Homes’s revenue for the quarter was up 71.3% on a year-over-year basis. research analysts predict that LGI Homes will post 6.45 earnings per share for the current fiscal year.
LGIH has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Tuesday, January 30th. Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $59.51 to $73.00 in a report on Tuesday, February 13th. Finally, Zacks Investment Research downgraded shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Thursday, March 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $67.20.
In other LGI Homes news, Director Ryan Edone acquired 1,400 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was bought at an average cost of $56.36 per share, for a total transaction of $78,904.00. Following the completion of the purchase, the director now directly owns 22,982 shares in the company, valued at $1,295,265.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 40,208 shares of the company’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $63.80, for a total transaction of $2,565,270.40. Following the completion of the sale, the chief executive officer now directly owns 577,630 shares in the company, valued at $36,852,794. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 114,432 shares of company stock valued at $7,538,012. 13.60% of the stock is owned by insiders.
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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