LGI Homes (NASDAQ:LGIH) posted its quarterly earnings results on Tuesday. The financial services provider reported $5.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.94 by $1.24, MarketWatch Earnings reports. LGI Homes had a net margin of 12.15% and a return on equity of 24.77%. The company had revenue of $897.40 million during the quarter, compared to analyst estimates of $594.33 million. During the same period last year, the firm posted $2.52 EPS. LGI Homes’s revenue for the quarter was up 48.2% compared to the same quarter last year.
NASDAQ LGIH traded down $3.14 on Tuesday, hitting $111.95. The company had a trading volume of 15,794 shares, compared to its average volume of 294,552. The company has a market capitalization of $2.81 billion, a PE ratio of 11.13 and a beta of 1.45. The company’s fifty day moving average price is $109.60 and its 200-day moving average price is $112.27. The company has a debt-to-equity ratio of 0.61, a current ratio of 12.91 and a quick ratio of 1.13. LGI Homes has a 12-month low of $33.00 and a 12-month high of $132.98.
A number of research firms have issued reports on LGIH. JPMorgan Chase & Co. lowered shares of LGI Homes from a “neutral” rating to an “underweight” rating and set a $129.00 price target for the company. in a research report on Tuesday, November 17th. KeyCorp started coverage on shares of LGI Homes in a report on Monday. They set a “sector weight” rating for the company. UBS Group started coverage on shares of LGI Homes in a report on Tuesday, December 8th. They set a “buy” rating and a $140.00 target price for the company. JMP Securities lifted their target price on shares of LGI Homes from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Finally, Zacks Investment Research lowered shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. LGI Homes presently has a consensus rating of “Hold” and a consensus target price of $111.86.
LGI Homes, Inc designs, constructs, and sells homes in the United States. It offers entry-level homes, such as detached and attached homes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. As of March 31, 2020, it owned 113 communities. The company serves in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, and West Virginia.
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