Analysts expect LGI Homes Inc (NASDAQ:LGIH) to report sales of $433.63 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $445.00 million and the lowest estimate coming in at $418.00 million. LGI Homes reported sales of $404.98 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.1%. The firm is expected to report its next quarterly earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that LGI Homes will report full year sales of $1.51 billion for the current fiscal year, with estimates ranging from $1.50 billion to $1.52 billion. For the next financial year, analysts expect that the company will post sales of $1.79 billion, with estimates ranging from $1.71 billion to $1.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover 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 (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.03. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The business had revenue of $380.37 million during the quarter, compared to analyst estimates of $378.96 million. During the same period in the previous year, the business posted $1.40 earnings per share. LGI Homes’s revenue for the quarter was up 4.0% on a year-over-year basis.
Several equities research analysts have issued reports on LGIH shares. BidaskClub upgraded shares of LGI Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research upgraded shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. JMP Securities set a $60.00 target price on shares of LGI Homes and gave the company a “buy” rating in a research report on Wednesday, November 7th. Wells Fargo & Co dropped their target price on shares of LGI Homes from $63.00 to $44.00 and set an “average” rating for the company in a research report on Wednesday, November 7th. Finally, ValuEngine upgraded shares of LGI Homes from a “strong sell” rating to a “sell” rating in a research report on Friday, December 21st. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.70.
LGI Homes stock traded down $0.67 during mid-day trading on Wednesday, hitting $57.39. 342,695 shares of the company traded hands, compared to its average volume of 298,056. LGI Homes has a one year low of $37.16 and a one year high of $81.88. The firm has a market cap of $1.30 billion, a PE ratio of 12.13, a PEG ratio of 0.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.02, a current ratio of 13.89 and a quick ratio of 1.21.
In other news, insider Michael Larry Snider sold 16,670 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The shares were sold at an average price of $60.05, for a total value of $1,001,033.50. Following the completion of the sale, the insider now directly owns 200,876 shares in the company, valued at approximately $12,062,603.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ryan Edone acquired 1,000 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average price of $41.12 per share, with a total value of $41,120.00. Following the completion of the acquisition, the director now owns 23,982 shares in the company, valued at approximately $986,139.84. The disclosure for this purchase can be found here. Insiders own 13.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in LGIH. First Mercantile Trust Co. bought a new stake in shares of LGI Homes in the 3rd quarter worth approximately $126,000. Atria Investments LLC bought a new stake in shares of LGI Homes in the 3rd quarter worth approximately $214,000. Brookstone Capital Management lifted its holdings in shares of LGI Homes by 40.3% in the 3rd quarter. Brookstone Capital Management now owns 5,080 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,458 shares during the last quarter. South Texas Money Management Ltd. bought a new stake in shares of LGI Homes in the 4th quarter worth approximately $274,000. Finally, State of Alaska Department of Revenue lifted its holdings in shares of LGI Homes by 4.5% in the 4th quarter. State of Alaska Department of Revenue now owns 6,233 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 89.04% of the company’s stock.
LGI Homes Company Profile
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. 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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