Analysts expect LGI Homes Inc (NASDAQ:LGIH) to report sales of $554.83 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for LGI Homes’ earnings. The highest sales estimate is $573.60 million and the lowest is $544.00 million. LGI Homes posted sales of $425.16 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 30.5%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 25th.
On average, analysts expect that LGI Homes will report full year sales of $1.79 billion for the current year, with estimates ranging from $1.78 billion to $1.81 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.09 billion, with estimates ranging from $2.03 billion to $2.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for LGI Homes.
LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings data on Tuesday, November 5th. The financial services provider reported $1.93 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.89 by $0.04. The company had revenue of $483.10 million for the quarter, compared to analyst estimates of $486.83 million. LGI Homes had a return on equity of 22.07% and a net margin of 9.43%. LGI Homes’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 EPS.
In other news, Director Bryan Christopher Sansbury sold 9,200 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $72.00, for a total value of $662,400.00. Following the sale, the director now owns 17,353 shares in the company, valued at approximately $1,249,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.40% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of LGIH. Metropolitan Life Insurance Co NY increased its position in LGI Homes by 18.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 6,548 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 1,031 shares in the last quarter. Millennium Management LLC increased its stake in LGI Homes by 216.2% during the 3rd quarter. Millennium Management LLC now owns 456,511 shares of the financial services provider’s stock worth $38,036,000 after purchasing an additional 312,154 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in LGI Homes during the 3rd quarter worth approximately $25,000. California State Teachers Retirement System raised its holdings in LGI Homes by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 31,219 shares of the financial services provider’s stock worth $2,601,000 after buying an additional 373 shares during the period. Finally, CDAM UK Ltd raised its holdings in LGI Homes by 18.7% during the 3rd quarter. CDAM UK Ltd now owns 357,179 shares of the financial services provider’s stock worth $29,760,000 after buying an additional 56,275 shares during the period. Institutional investors own 96.55% of the company’s stock.
LGIH stock traded up $2.17 during midday trading on Friday, hitting $74.67. The stock had a trading volume of 306,821 shares, compared to its average volume of 285,247. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.76 and a beta of 0.48. LGI Homes has a 52 week low of $40.29 and a 52 week high of $89.00. The stock has a 50-day simple moving average of $76.07 and a 200 day simple moving average of $75.72. The company has a current ratio of 14.90, a quick ratio of 1.16 and a debt-to-equity ratio of 0.97.
LGI Homes Company Profile
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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