LGI Homes Inc (LGIH) Expected to Announce Earnings of $1.78 Per Share

Wall Street analysts expect LGI Homes Inc (NASDAQ:LGIH) to report earnings per share (EPS) of $1.78 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for LGI Homes’ earnings. The lowest EPS estimate is $1.59 and the highest is $1.91. LGI Homes reported earnings of $1.43 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 24.5%. The business is scheduled to report its next earnings report before the market opens on Tuesday, February 26th.

On average, analysts expect that LGI Homes will report full-year earnings of $6.25 per share for the current financial year, with EPS estimates ranging from $6.11 to $6.40. For the next fiscal year, analysts expect that the business will post earnings of $7.09 per share, with EPS estimates ranging from $6.98 to $7.26. Zacks’ EPS averages are an average based on a survey of analysts that cover LGI Homes.

LGIH has been the subject of several research reports. ValuEngine lowered LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. Wells Fargo & Co raised LGI Homes from a “market perform” rating to an “outperform” rating in a research report on Monday, January 7th. Zacks Investment Research raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. BidaskClub raised LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Finally, JMP Securities set a $60.00 target price on LGI Homes and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Three investment analysts have rated the stock with a hold rating, three have given 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 $56.70.

In related news, Director Ryan Edone purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The shares were bought at an average price of $41.12 per share, for a total transaction of $41,120.00. Following the purchase, the director now directly owns 23,982 shares of the company’s stock, valued at approximately $986,139.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Larry Snider sold 16,670 shares of the company’s stock in a transaction that occurred on Thursday, January 31st. The stock was 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 owns 200,876 shares in the company, valued at approximately $12,062,603.80. The disclosure for this sale can be found here. Corporate insiders own 13.60% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew its stake in shares of LGI Homes by 29.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 41,075 shares of the financial services provider’s stock worth $2,371,000 after buying an additional 9,431 shares during the last quarter. FMR LLC boosted its stake in LGI Homes by 52.0% during the 3rd quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock valued at $80,181,000 after purchasing an additional 577,909 shares during the last quarter. BlackRock Inc. boosted its stake in LGI Homes by 4.4% during the 3rd quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock valued at $134,703,000 after purchasing an additional 119,807 shares during the last quarter. Montgomery Investment Management Inc. boosted its stake in LGI Homes by 6.0% during the 4th quarter. Montgomery Investment Management Inc. now owns 93,940 shares of the financial services provider’s stock valued at $4,248,000 after purchasing an additional 5,300 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its stake in LGI Homes by 21.7% during the 3rd quarter. Federated Investors Inc. PA now owns 95,092 shares of the financial services provider’s stock valued at $4,511,000 after purchasing an additional 16,940 shares during the last quarter. Institutional investors own 89.94% of the company’s stock.

Shares of NASDAQ:LGIH traded up $0.41 during trading on Monday, hitting $57.80. The stock had a trading volume of 240,100 shares, compared to its average volume of 362,659. LGI Homes has a 12 month low of $37.16 and a 12 month high of $81.88. The firm has a market capitalization of $1.31 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.74 and a beta of 0.54. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.21 and a current ratio of 13.89.

About LGI Homes

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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