$554.83 Million in Sales Expected for LGI Homes Inc (NASDAQ:LGIH) This Quarter

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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.

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. lowered shares of LGI Homes from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $77.00 to $84.50 in a report on Wednesday, September 11th. BidaskClub lowered shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. JMP Securities lifted their target price on shares of LGI Homes from $83.00 to $89.00 and gave the company a “market outperform” rating in a research report on Friday, September 6th. ValuEngine raised shares of LGI Homes from a “strong sell” rating to a “sell” rating in a research note on Friday, November 29th. Finally, Zacks Investment Research raised shares of LGI Homes from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $83.30.

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

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