$449.12 Million in Sales Expected for LGI Homes Inc (LGIH) This Quarter

Equities research analysts expect that LGI Homes Inc (NASDAQ:LGIH) will post sales of $449.12 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $462.15 million and the lowest estimate coming in at $434.20 million. LGI Homes posted sales of $404.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.9%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 26th.

On average, analysts expect that LGI Homes will report full-year sales of $1.52 billion for the current financial year, with estimates ranging from $1.50 billion to $1.53 billion. For the next financial year, analysts forecast that the business will post sales of $1.88 billion, with estimates ranging from $1.57 billion to $2.03 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. LGI Homes had a return on equity of 27.08% and a net margin of 9.99%. The firm had revenue of $380.37 million during the quarter, compared to the consensus estimate of $378.96 million. During the same quarter in the prior year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several analysts recently weighed in on the company. Wells Fargo & Co decreased their target price on LGI Homes from $63.00 to $44.00 and set an “average” rating for the company in a research note on Wednesday. JMP Securities set a $60.00 price target on LGI Homes and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub raised LGI Homes from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. Finally, Wedbush set a $55.00 price target on LGI Homes and gave the company a “hold” rating in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.70.

A number of institutional investors have recently bought and sold shares of LGIH. First Mercantile Trust Co. acquired a new position in LGI Homes in the 3rd quarter valued at approximately $126,000. Morse Asset Management Inc acquired a new position in LGI Homes in the 2nd quarter valued at approximately $207,000. Atria Investments LLC acquired a new position in LGI Homes in the 3rd quarter valued at approximately $214,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in LGI Homes in the 2nd quarter valued at approximately $221,000. Finally, BRYN MAWR TRUST Co acquired a new position in LGI Homes in the 2nd quarter valued at approximately $228,000. 87.73% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:LGIH traded up $1.06 during mid-day trading on Monday, hitting $41.26. 631,151 shares of the company’s stock traded hands, compared to its average volume of 482,583. LGI Homes has a 12 month low of $37.16 and a 12 month high of $81.88. The company has a market cap of $905.05 million, a price-to-earnings ratio of 8.72, a PEG ratio of 0.56 and a beta of 0.25. The company has a quick ratio of 1.47, a current ratio of 13.89 and a debt-to-equity ratio of 1.02.

About LGI Homes

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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