Wall Street brokerages expect that LGI Homes (NASDAQ:LGIH) will announce sales of $271.18 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for LGI Homes’ earnings, with estimates ranging from $255.30 million to $280.03 million. LGI Homes reported sales of $162.91 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 66.5%. The business is expected to announce its next earnings results before the market opens on Tuesday, May 8th.
On average, analysts expect that LGI Homes will report full-year sales of $1.56 billion for the current financial year, with estimates ranging from $1.53 billion to $1.60 billion. For the next financial year, analysts forecast that the company will report sales of $1.84 billion per share, with estimates ranging from $1.75 billion to $1.98 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow LGI Homes.
LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $377.46 million. During the same quarter last year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 71.0% compared to the same quarter last year.
In other news, CEO Eric Thomas Lipar sold 25,000 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $73.29, for a total value of $1,832,250.00. Following the transaction, the chief executive officer now directly owns 522,020 shares of the company’s stock, valued at $38,258,845.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ryan Edone purchased 1,400 shares of the firm’s stock in a transaction dated Friday, March 2nd. The stock was acquired 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 owns 22,982 shares of the company’s stock, valued at approximately $1,295,265.52. The disclosure for this purchase can be found here. Over the last three months, insiders sold 114,432 shares of company stock worth $7,538,012. Insiders own 13.60% of the company’s stock.
Large investors have recently bought and sold shares of the company. Advisor Group Inc. lifted its stake in shares of LGI Homes by 384.7% in the fourth quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,154 shares in the last quarter. Meadow Creek Investment Management LLC purchased a new position in shares of LGI Homes in the fourth quarter worth about $172,000. Midas Management Corp purchased a new position in shares of LGI Homes in the fourth quarter worth about $191,000. CAPROCK Group Inc. purchased a new position in shares of LGI Homes in the fourth quarter worth about $217,000. Finally, SG Americas Securities LLC purchased a new position in shares of LGI Homes in the third quarter worth about $199,000. 84.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ LGIH traded up $0.85 during trading on Friday, hitting $69.74. The company had a trading volume of 141,463 shares, compared to its average volume of 425,940. LGI Homes has a fifty-two week low of $28.57 and a fifty-two week high of $79.55. The firm has a market cap of $1,542.71, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.01 and a beta of 0.13. The company has a quick ratio of 1.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.97.
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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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