Analysts Expect LGI Homes Inc (NASDAQ:LGIH) to Post $2.22 EPS

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Brokerages expect LGI Homes Inc (NASDAQ:LGIH) to announce earnings of $2.22 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for LGI Homes’ earnings, with the highest EPS estimate coming in at $2.32 and the lowest estimate coming in at $2.12. LGI Homes reported earnings of $1.72 per share in the same quarter last year, which would indicate a positive year over year growth rate of 29.1%. The business is scheduled to issue its next quarterly earnings report on Tuesday, February 25th.

On average, analysts expect that LGI Homes will report full-year earnings of $6.72 per share for the current fiscal year, with EPS estimates ranging from $6.61 to $6.82. For the next year, analysts anticipate that the business will report earnings of $7.66 per share, with EPS estimates ranging from $7.63 to $7.68. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.89 by $0.04. LGI Homes had a net margin of 9.43% and a return on equity of 22.07%. The business had revenue of $483.10 million during the quarter, compared to analyst estimates of $486.83 million. During the same quarter in the previous year, the business posted $1.52 EPS. LGI Homes’s quarterly revenue was up 27.0% on a year-over-year basis.

LGIH has been the topic of several recent research reports. JPMorgan Chase & Co. cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and raised their price target for the company from $77.00 to $84.50 in a research report on Wednesday, September 11th. BidaskClub downgraded LGI Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Zacks Investment Research upgraded LGI Homes from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Wells Fargo & Co upped their price target on LGI Homes from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 13th. Finally, BTIG Research increased their price target on LGI Homes from $62.00 to $65.00 and gave the company a “sell” rating in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.30.

Shares of NASDAQ:LGIH traded up $0.17 during midday trading on Thursday, hitting $71.03. 6,961 shares of the company’s stock were exchanged, compared to its average volume of 269,680. The company has a debt-to-equity ratio of 0.97, a current ratio of 14.90 and a quick ratio of 1.16. The stock has a 50 day moving average price of $76.74 and a 200-day moving average price of $75.70. The company has a market cap of $1.66 billion, a PE ratio of 11.12 and a beta of 0.48. LGI Homes has a 12 month low of $40.29 and a 12 month high of $89.00.

In other LGI Homes news, Director Bryan Christopher Sansbury sold 8,949 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $80.91, for a total value of $724,063.59. Following the completion of the sale, the director now owns 160,121 shares in the company, valued at approximately $12,955,390.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 13.40% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in LGI Homes during the 3rd quarter worth $25,000. US Bancorp DE increased its holdings in shares of LGI Homes by 1,332.6% during the second quarter. US Bancorp DE now owns 659 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 613 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of LGI Homes by 21.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,187 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 206 shares in the last quarter. Bank of Montreal Can raised its position in shares of LGI Homes by 379.4% in the 2nd quarter. Bank of Montreal Can now owns 2,114 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 1,673 shares during the last quarter. Finally, Psagot Investment House Ltd. purchased a new position in shares of LGI Homes in the 2nd quarter valued at approximately $186,000. Hedge funds and other institutional investors own 96.55% of the company’s stock.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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