Zacks: Analysts Expect LGI Homes Inc (LGIH) to Post $1.63 Earnings Per Share

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Brokerages expect LGI Homes Inc (NASDAQ:LGIH) to report earnings of $1.63 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for LGI Homes’ earnings, with estimates ranging from $1.57 to $1.71. LGI Homes reported earnings per share of $1.40 during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is expected to issue its next earnings results on Tuesday, November 6th.

On average, analysts expect that LGI Homes will report full year earnings of $6.61 per share for the current fiscal year, with EPS estimates ranging from $6.53 to $6.69. For the next fiscal year, analysts anticipate that the business will report earnings of $7.65 per share, with EPS estimates ranging from $6.86 to $8.16. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for LGI Homes.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings results on Tuesday, August 7th. The financial services provider reported $1.90 EPS for the quarter, beating the consensus estimate of $1.68 by $0.22. The company had revenue of $419.85 million for the quarter, compared to the consensus estimate of $414.52 million. LGI Homes had a net margin of 9.81% and a return on equity of 28.50%.

Several analysts have recently weighed in on LGIH shares. Wedbush restated a “neutral” rating and set a $73.00 price objective on shares of LGI Homes in a research report on Wednesday, May 9th. ValuEngine cut shares of LGI Homes from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. BidaskClub raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Friday, July 20th. Finally, Zacks Investment Research raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $64.67.

Institutional investors and hedge funds have recently made changes to their positions in the business. Tdam USA Inc. increased its stake in LGI Homes by 19.7% in the 2nd quarter. Tdam USA Inc. now owns 23,455 shares of the financial services provider’s stock valued at $1,354,000 after buying an additional 3,868 shares during the period. Pier Capital LLC acquired a new position in shares of LGI Homes during the 1st quarter worth $6,734,000. GSA Capital Partners LLP grew its stake in shares of LGI Homes by 444.3% during the 2nd quarter. GSA Capital Partners LLP now owns 21,362 shares of the financial services provider’s stock worth $1,233,000 after purchasing an additional 17,437 shares during the period. Epoch Investment Partners Inc. acquired a new position in shares of LGI Homes during the 1st quarter worth $72,195,000. Finally, Sei Investments Co. grew its stake in shares of LGI Homes by 21.9% during the 2nd quarter. Sei Investments Co. now owns 53,644 shares of the financial services provider’s stock worth $3,097,000 after purchasing an additional 9,652 shares during the period. 89.29% of the stock is currently owned by institutional investors.

NASDAQ:LGIH traded down $2.25 during mid-day trading on Thursday, hitting $54.13. 6,557 shares of the stock traded hands, compared to its average volume of 276,956. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.80 and a beta of 0.04. LGI Homes has a 52 week low of $42.10 and a 52 week high of $81.88. The company has a current ratio of 15.32, a quick ratio of 1.47 and a debt-to-equity ratio of 0.98.

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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