LGI Homes Inc (NASDAQ:LGIH) Expected to Post Earnings of $1.62 Per Share

Equities research analysts expect LGI Homes Inc (NASDAQ:LGIH) to announce $1.62 earnings per share for the current quarter, Zacks reports. Three analysts have issued estimates for LGI Homes’ earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.57. LGI Homes posted earnings of $1.90 per share in the same quarter last year, which would suggest a negative year over year growth rate of 14.7%. The firm is scheduled to report its next quarterly earnings results before the market opens on Tuesday, August 6th.

According to Zacks, analysts expect that LGI Homes will report full-year earnings of $6.65 per share for the current financial year, with EPS estimates ranging from $6.55 to $6.71. For the next financial year, analysts forecast that the company will report earnings of $8.16 per share, with EPS estimates ranging from $7.72 to $8.45. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, May 7th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.13). The business had revenue of $287.60 million for the quarter, compared to the consensus estimate of $288.06 million. LGI Homes had a return on equity of 23.28% and a net margin of 9.67%. LGI Homes’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share.

A number of research firms have recently commented on LGIH. BidaskClub downgraded shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. JMP Securities set a $79.00 price objective on shares of LGI Homes and gave the stock a “buy” rating in a report on Tuesday, April 9th. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a report on Wednesday. Wells Fargo & Co raised their price objective on shares of Wingstop from $76.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 6th. Finally, ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. LGI Homes presently has a consensus rating of “Buy” and an average price target of $71.10.

Shares of NASDAQ:LGIH traded down $0.31 during midday trading on Friday, reaching $71.54. 151,356 shares of the company’s stock were exchanged, compared to its average volume of 204,097. The business has a 50 day moving average price of $71.95. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 11.27, a PEG ratio of 0.98 and a beta of 0.57. LGI Homes has a 12 month low of $37.16 and a 12 month high of $76.93. The company has a debt-to-equity ratio of 1.00, a current ratio of 16.86 and a quick ratio of 1.35.

In related news, Director Steven Randal Smith sold 2,500 shares of LGI Homes stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $74.49, for a total transaction of $186,225.00. Following the completion of the transaction, the director now directly owns 12,407 shares of the company’s stock, valued at approximately $924,197.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric Thomas Lipar sold 10,000 shares of LGI Homes stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $70.91, for a total transaction of $709,100.00. Following the transaction, the chief executive officer now directly owns 544,509 shares of the company’s stock, valued at $38,611,133.19. The disclosure for this sale can be found here. Company insiders own 13.40% of the company’s stock.

A number of hedge funds have recently made changes to their positions in LGIH. Macquarie Group Ltd. lifted its holdings in LGI Homes by 514.4% during the 4th quarter. Macquarie Group Ltd. now owns 3,883 shares of the financial services provider’s stock valued at $176,000 after purchasing an additional 3,251 shares during the last quarter. NEXT Financial Group Inc bought a new position in LGI Homes during the 2nd quarter valued at about $198,000. Gotham Asset Management LLC bought a new position in LGI Homes during the 4th quarter valued at about $210,000. 6 Meridian bought a new position in LGI Homes during the 1st quarter valued at about $217,000. Finally, Everence Capital Management Inc. acquired a new stake in LGI Homes in the 1st quarter valued at about $225,000. 94.44% of the stock is owned by hedge funds and other institutional investors.

LGI Homes Company Profile

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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

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