Zacks: Analysts Anticipate LGI Homes Inc (NASDAQ:LGIH) Will Announce Earnings of $2.22 Per Share

Wall Street analysts expect LGI Homes Inc (NASDAQ:LGIH) to report earnings per share of $2.22 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for LGI Homes’ earnings. The highest EPS estimate is $2.32 and the lowest is $2.12. LGI Homes reported earnings of $1.72 per share in the same quarter last year, which indicates a positive year over year growth rate of 29.1%. The business is scheduled to issue its next earnings results on Tuesday, February 25th.

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On average, analysts expect that LGI Homes will report full year earnings of $6.72 per share for the current year, with EPS estimates ranging from $6.61 to $6.82. For the next financial year, analysts anticipate that the business will report earnings of $7.66 per share, with EPS estimates ranging from $7.63 to $7.68. Zacks’ EPS averages are a mean average based on a survey of research firms that cover LGI Homes.

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

LGIH has been the subject of several recent research reports. JPMorgan Chase & Co. lowered LGI Homes from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $77.00 to $84.50 in a research report on Wednesday, September 11th. JMP Securities lifted their price target on LGI Homes from $83.00 to $89.00 and gave the stock a “market outperform” rating in a research report on Friday, September 6th. Wells Fargo & Co lifted their price target on LGI Homes from $85.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 13th. BidaskClub lowered LGI Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. LGI Homes currently has a consensus rating of “Hold” and a consensus price target of $83.30.

NASDAQ:LGIH traded down $0.62 on Tuesday, reaching $70.30. 302,500 shares of the company’s stock traded hands, compared to its average volume of 291,653. The firm has a market cap of $1.66 billion, a PE ratio of 11.07 and a beta of 0.47. LGI Homes has a 12 month low of $37.77 and a 12 month high of $89.00. The company has a quick ratio of 1.34, a current ratio of 14.90 and a debt-to-equity ratio of 0.97. The stock has a 50-day simple moving average of $82.05 and a 200-day simple moving average of $75.49.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 8,949 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $80.91, for a total transaction of $724,063.59. Following the completion of the transaction, the director now owns 160,121 shares in the company, valued at $12,955,390.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric Thomas Lipar sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $80.28, for a total value of $2,007,000.00. Following the transaction, the chief executive officer now owns 528,058 shares of the company’s stock, valued at approximately $42,392,496.24. The disclosure for this sale can be found here. 13.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. New York State Teachers Retirement System boosted its position in shares of LGI Homes by 1.5% during the third 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of LGI Homes by 21.0% during the third 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 during the period. Prudential Financial Inc. boosted its holdings in shares of LGI Homes by 0.8% in the second quarter. Prudential Financial Inc. now owns 30,256 shares of the financial services provider’s stock valued at $2,161,000 after purchasing an additional 246 shares during the period. Brookstone Capital Management boosted its holdings in shares of LGI Homes by 4.9% in the second quarter. Brookstone Capital Management now owns 7,024 shares of the financial services provider’s stock valued at $502,000 after purchasing an additional 330 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of LGI Homes by 17.2% in the third quarter. SG Americas Securities LLC now owns 2,496 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 366 shares during the period. Institutional investors and hedge funds own 94.15% 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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Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

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