$1.71 EPS Expected for LGI Homes Inc (LGIH) This Quarter

Wall Street analysts forecast that LGI Homes Inc (NASDAQ:LGIH) will report earnings of $1.71 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for LGI Homes’ earnings, with the highest EPS estimate coming in at $1.91 and the lowest estimate coming in at $1.55. LGI Homes posted earnings per share of $1.43 during the same quarter last year, which indicates a positive year over year growth rate of 19.6%. The business is expected to issue its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that LGI Homes will report full year earnings of $6.20 per share for the current year, with EPS estimates ranging from $6.07 to $6.40. For the next financial year, analysts anticipate that the business will post earnings of $7.20 per share, with EPS estimates ranging from $6.73 to $7.52. Zacks’ earnings per share averages are an average based on a survey of research firms that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 6th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.03. The firm had revenue of $380.37 million for the quarter, compared to analysts’ expectations of $378.96 million. LGI Homes had a net margin of 9.99% and a return on equity of 27.08%. The company’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.

LGIH has been the topic of several recent research reports. BidaskClub raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Zacks Investment Research raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. Finally, Wedbush lowered their price target on shares of LGI Homes from $65.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $56.70.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Trexquant Investment LP acquired a new position in LGI Homes in the third quarter valued at about $328,000. Prescott Group Capital Management L.L.C. acquired a new position in LGI Homes in the third quarter valued at about $854,000. FMR LLC lifted its position in LGI Homes by 52.0% in the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock valued at $80,181,000 after buying an additional 577,909 shares during the last quarter. BlackRock Inc. lifted its position in LGI Homes by 4.4% in the third quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock valued at $134,703,000 after buying an additional 119,807 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its position in LGI Homes by 25.0% in the third quarter. Heartland Advisors Inc. now owns 125,000 shares of the financial services provider’s stock valued at $5,930,000 after buying an additional 25,000 shares during the last quarter. 87.73% of the stock is currently owned by institutional investors.

Shares of LGIH stock traded up $1.06 on Friday, hitting $41.26. 631,151 shares of the stock traded hands, compared to its average volume of 482,583. The company has a current ratio of 13.89, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02. The stock has a market cap of $905.05 million, a price-to-earnings ratio of 8.72, a PEG ratio of 0.56 and a beta of 0.25. LGI Homes has a twelve month low of $37.16 and a twelve month high of $81.88.

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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Earnings History and Estimates for LGI Homes (NASDAQ:LGIH)

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