LGI Homes Inc (LGIH) Expected to Post Earnings of $1.35 Per Share

Brokerages expect that LGI Homes Inc (NASDAQ:LGIH) will announce earnings of $1.35 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for LGI Homes’ earnings. The highest EPS estimate is $1.43 and the lowest is $1.21. LGI Homes reported earnings per share of $1.01 in the same quarter last year, which suggests a positive year-over-year growth rate of 33.7%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, February 27th.

According to Zacks, analysts expect that LGI Homes will report full-year earnings of $4.69 per share for the current year, with EPS estimates ranging from $4.53 to $4.76. For the next year, analysts anticipate that the firm will report earnings of $5.68 per share, with EPS estimates ranging from $5.14 to $6.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.10. The business had revenue of $365.90 million for the quarter, compared to analyst estimates of $355.81 million. LGI Homes had a return on equity of 25.51% and a net margin of 9.26%. LGI Homes’s revenue was up 69.2% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share.

LGIH has been the topic of several research analyst reports. Wedbush lowered LGI Homes from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $49.00 in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research report on Wednesday, October 11th. JMP Securities increased their target price on LGI Homes from $62.00 to $68.00 and gave the company a “market outperform” rating in a research report on Wednesday, November 8th. TheStreet upgraded LGI Homes from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Finally, ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. LGI Homes currently has a consensus rating of “Buy” and a consensus price target of $59.33.

In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.03, for a total value of $1,800,750.00. Following the completion of the transaction, the chief executive officer now directly owns 491,233 shares in the company, valued at $35,383,512.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael Larry Snider sold 20,000 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $62.75, for a total value of $1,255,000.00. The disclosure for this sale can be found here. Insiders sold 68,101 shares of company stock valued at $4,517,581 over the last quarter. Corporate insiders own 13.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its position in shares of LGI Homes by 21.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 80,279 shares of the financial services provider’s stock worth $3,226,000 after acquiring an additional 14,002 shares during the last quarter. Legal & General Group Plc raised its position in shares of LGI Homes by 10.9% during the second quarter. Legal & General Group Plc now owns 31,367 shares of the financial services provider’s stock worth $1,259,000 after acquiring an additional 3,074 shares during the last quarter. Swiss National Bank raised its position in shares of LGI Homes by 18.5% during the second quarter. Swiss National Bank now owns 30,081 shares of the financial services provider’s stock worth $1,209,000 after acquiring an additional 4,700 shares during the last quarter. Teachers Advisors LLC raised its position in shares of LGI Homes by 11.0% during the second quarter. Teachers Advisors LLC now owns 31,031 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 3,075 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of LGI Homes by 12.2% during the second quarter. TIAA CREF Investment Management LLC now owns 46,977 shares of the financial services provider’s stock worth $1,888,000 after acquiring an additional 5,119 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.

LGI Homes (NASDAQ LGIH) traded down $0.27 during trading hours on Friday, reaching $67.68. The company had a trading volume of 356,383 shares, compared to its average volume of 404,986. The firm has a market capitalization of $1,458.83, a price-to-earnings ratio of 15.82, a PEG ratio of 1.08 and a beta of 0.27. The company has a quick ratio of 0.86, a current ratio of 8.91 and a debt-to-equity ratio of 1.04. LGI Homes has a fifty-two week low of $26.82 and a fifty-two week high of $79.55.

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About LGI Homes

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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