LGI Homes Inc (NASDAQ:LGIH) Expected to Post Earnings of $2.34 Per Share

Equities analysts expect LGI Homes Inc (NASDAQ:LGIH) to post earnings per share (EPS) of $2.34 for the current quarter, according to Zacks. Two analysts have provided estimates for LGI Homes’ earnings, with estimates ranging from $2.32 to $2.35. LGI Homes reported earnings per share of $1.72 in the same quarter last year, which suggests a positive year over year growth rate of 36%. The company is scheduled to issue its next earnings report before the market opens on Tuesday, February 25th.

According to Zacks, analysts expect that LGI Homes will report full year earnings of $6.84 per share for the current year, with EPS estimates ranging from $6.82 to $6.85. For the next fiscal year, analysts anticipate that the firm will post earnings of $7.86 per share, with EPS estimates ranging from $7.63 to $8.09. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for LGI Homes.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.93 EPS for the quarter, topping the consensus estimate of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The firm had revenue of $483.10 million for the quarter, compared to analysts’ expectations of $486.83 million. During the same period in the previous year, the business earned $1.52 earnings per share. LGI Homes’s revenue for the quarter was up 27.0% compared to the same quarter last year.

Several equities research analysts have commented on LGIH shares. ValuEngine cut shares of LGI Homes from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 14th. BidaskClub upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. BTIG Research boosted their price target on shares of LGI Homes from $62.00 to $65.00 and gave the stock a “sell” rating in a research report on Monday, September 23rd. Finally, Zacks Investment Research upgraded shares of LGI Homes from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $83.70.

LGI Homes stock traded down $0.20 during midday trading on Friday, hitting $78.74. The company’s stock had a trading volume of 272,158 shares, compared to its average volume of 219,409. The company has a quick ratio of 1.16, a current ratio of 14.90 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average price is $72.97 and its 200-day moving average price is $76.15. LGI Homes has a 12 month low of $52.16 and a 12 month high of $89.00. The company has a market capitalization of $1.81 billion, a PE ratio of 12.73 and a beta of 0.44.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 9,200 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $72.00, for a total transaction of $662,400.00. Following the sale, the director now owns 17,353 shares in the company, valued at approximately $1,249,416. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ryan Edone sold 1,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $73.45, for a total value of $110,175.00. Following the sale, the director now owns 28,125 shares in the company, valued at approximately $2,065,781.25. The disclosure for this sale can be found here. 13.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of LGI Homes by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 13,119 shares of the financial services provider’s stock valued at $1,093,000 after buying an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of LGI Homes by 21.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock valued at $99,000 after buying an additional 206 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of LGI Homes by 0.8% in the 2nd quarter. Prudential Financial Inc. now owns 30,256 shares of the financial services provider’s stock valued at $2,161,000 after buying an additional 246 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of LGI Homes in the 3rd quarter valued at approximately $25,000. Finally, Brookstone Capital Management grew its stake in shares of LGI Homes by 4.7% in the 3rd quarter. Brookstone Capital Management now owns 7,356 shares of the financial services provider’s stock valued at $613,000 after buying an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 96.37% of the company’s stock.

About LGI Homes

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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