$1.21 EPS Expected for LGI Homes, Inc. (LGIH) This Quarter

Equities analysts expect LGI Homes, Inc. (NASDAQ:LGIH) to announce earnings of $1.21 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 $1.29 and the lowest estimate coming in at $1.17. LGI Homes posted earnings of $1.01 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 19.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, March 6th.

On average, analysts expect that LGI Homes will report full year earnings of $4.54 per share for the current financial year, with EPS estimates ranging from $4.49 to $4.62. For the next fiscal year, analysts expect that the firm will post earnings of $5.31 per share, with EPS estimates ranging from $4.96 to $5.83. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for LGI Homes.

LGI Homes (NASDAQ:LGIH) last posted its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.10. The company 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%. LGI Homes’s quarterly revenue was up 69.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share.

Several analysts have recently issued reports on LGIH shares. BidaskClub downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 25th. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price objective on the stock in a research report on Thursday, August 31st. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research report on Wednesday, October 11th. JMP Securities upped their price objective on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 8th. Finally, TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $54.33.

Shares of LGI Homes (LGIH) opened at $66.84 on Wednesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 8.91 and a quick ratio of 0.86. LGI Homes has a 12-month low of $26.82 and a 12-month high of $71.96. The stock has a market capitalization of $1,450.00, a price-to-earnings ratio of 16.17, a PEG ratio of 1.40 and a beta of 0.27.

In related news, Director Bryan Christopher Sansbury sold 23,101 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $63.28, for a total value of $1,461,831.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Larry Snider sold 3,500 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $45.81, for a total value of $160,335.00. Following the completion of the transaction, the insider now owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The disclosure for this sale can be found here. Insiders sold 71,601 shares of company stock worth $4,233,916 over the last 90 days. Company insiders own 13.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue increased its stake in LGI Homes by 82.4% in the second quarter. State of Alaska Department of Revenue now owns 3,393 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 1,533 shares during the last quarter. Victory Capital Management Inc. increased its stake in LGI Homes by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,633 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 543 shares during the last quarter. SG Americas Securities LLC acquired a new position in LGI Homes in the third quarter valued at $199,000. LS Investment Advisors LLC increased its stake in LGI Homes by 37.3% in the third quarter. LS Investment Advisors LLC now owns 4,214 shares of the financial services provider’s stock valued at $205,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in LGI Homes in the third quarter valued at $213,000. Hedge funds and other institutional investors own 92.01% of the company’s stock.

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

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