LGI Homes Inc (LGIH) Expected to Post Earnings of $1.70 Per Share

Equities research analysts expect LGI Homes Inc (NASDAQ:LGIH) to report earnings of $1.70 per share for the current quarter, according to Zacks. Four analysts have made estimates for LGI Homes’ earnings, with the lowest EPS estimate coming in at $1.46 and the highest estimate coming in at $1.84. LGI Homes posted earnings per share of $1.90 during the same quarter last year, which indicates a negative year-over-year growth rate of 10.5%. The business is expected to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that LGI Homes will report full-year earnings of $6.70 per share for the current year, with EPS estimates ranging from $6.55 to $6.88. For the next financial year, analysts expect that the company will report earnings of $8.17 per share, with EPS estimates ranging from $7.72 to $8.42. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for LGI Homes.

LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, May 7th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.13). LGI Homes had a return on equity of 23.28% and a net margin of 9.67%. The business had revenue of $287.60 million during the quarter, compared to analyst estimates of $288.06 million. During the same period last year, the company earned $1.10 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis.

Several analysts have weighed in on LGIH shares. ValuEngine cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. JMP Securities set a $79.00 price objective on shares of LGI Homes and gave the stock a “buy” rating in a research note on Tuesday, April 9th. BidaskClub cut shares of LGI Homes from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Co upped their price objective on shares of LGI Homes from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Finally, Zacks Investment Research cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $69.90.

NASDAQ:LGIH traded up $0.32 during mid-day trading on Monday, hitting $69.29. The company’s stock had a trading volume of 229,482 shares, compared to its average volume of 325,878. LGI Homes has a fifty-two week low of $37.16 and a fifty-two week high of $72.15. The company has a quick ratio of 1.61, a current ratio of 16.86 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1.56 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 0.94 and a beta of 0.61.

In other news, CMO Rachel Lyons Eaton sold 1,695 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.20, for a total transaction of $96,954.00. Following the sale, the chief marketing officer now directly owns 39,967 shares of the company’s stock, valued at $2,286,112.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric Thomas Lipar sold 40,478 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $56.76, for a total transaction of $2,297,531.28. Following the sale, the chief executive officer now directly owns 591,685 shares in the company, valued at $33,584,040.60. The disclosure for this sale can be found here. Insiders have sold 123,611 shares of company stock worth $7,219,212 over the last ninety days. Insiders own 13.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. BlackRock Inc. lifted its holdings in LGI Homes by 2.2% in the first quarter. BlackRock Inc. now owns 2,890,502 shares of the financial services provider’s stock valued at $174,122,000 after buying an additional 61,099 shares during the period. FMR LLC raised its holdings in LGI Homes by 40.3% in the fourth quarter. FMR LLC now owns 2,371,309 shares of the financial services provider’s stock worth $107,231,000 after purchasing an additional 681,165 shares during the period. Epoch Investment Partners Inc. raised its holdings in LGI Homes by 12.6% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,664,836 shares of the financial services provider’s stock worth $75,283,000 after purchasing an additional 186,150 shares during the period. Frontier Capital Management Co. LLC raised its holdings in LGI Homes by 14.6% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,425,195 shares of the financial services provider’s stock worth $64,447,000 after purchasing an additional 181,951 shares during the period. Finally, Altshuler Shaham Ltd acquired a new stake in LGI Homes in the fourth quarter worth $38,684,000. 94.71% of the stock is currently owned by institutional investors and hedge funds.

LGI Homes Company Profile

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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