Media headlines about LGI Homes (NASDAQ:LGIH) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. LGI Homes earned a news impact score of 0.18 on Accern’s scale. Accern also assigned headlines about the financial services provider an impact score of 47.2971530637045 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s rankings:
- Comparing LGI Homes (LGIH) & Brookfield Residential Properties (BRP) (americanbankingnews.com)
- Analysts Anticipate LGI Homes, Inc. (LGIH) Will Announce Quarterly Sales of $340.42 Million (americanbankingnews.com)
- LGI Homes (LGIH): Strong Industry, Solid Earnings Estimate Revisions (finance.yahoo.com)
- Analysts Offer Predictions for LGI Homes, Inc.’s Q3 2017 Earnings (LGIH) (americanbankingnews.com)
- Notable Friday Option Activity: LGIH, VHC, HELE (thestreet.com)
Shares of LGI Homes (NASDAQ LGIH) traded up 0.64% on Wednesday, hitting $53.37. The stock had a trading volume of 195,336 shares. The firm has a 50-day moving average of $46.02 and a 200 day moving average of $39.42. The company has a market capitalization of $1.15 billion, a PE ratio of 14.17 and a beta of 0.12. LGI Homes has a 1-year low of $26.82 and a 1-year high of $54.84.
LGI Homes (NASDAQ:LGIH) last posted its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.12. The business had revenue of $324.20 million during the quarter, compared to the consensus estimate of $317.63 million. LGI Homes had a net margin of 9.22% and a return on equity of 23.65%. The firm’s revenue for the quarter was up 45.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, equities analysts anticipate that LGI Homes will post $4.41 earnings per share for the current fiscal year.
A number of research firms have issued reports on LGIH. Wedbush cut LGI Homes from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $49.00 in a research note on Tuesday, October 3rd. Deutsche Bank AG upped their target price on LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. J P Morgan Chase & Co lowered LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Wednesday, August 9th. Zacks Investment Research upgraded LGI Homes from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a report on Wednesday. Finally, ValuEngine upgraded LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 30th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. LGI Homes presently has an average rating of “Buy” and an average price target of $49.40.
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In other LGI Homes news, CEO Eric Thomas Lipar sold 10,000 shares of the business’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $42.59, for a total value of $425,900.00. Following the completion of the sale, the chief executive officer now directly owns 524,175 shares of the company’s stock, valued at $22,324,613.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Larry Snider sold 3,500 shares of the business’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $45.81, for a total transaction of $160,335.00. Following the completion of the sale, the insider now directly owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The disclosure for this sale can be found here. Insiders sold 38,500 shares of company stock valued at $1,743,735 over the last three months. 13.60% of the stock is currently owned by insiders.
LGI Homes Company Profile
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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