What is Wedbush’s Forecast for LGI Homes FY2025 Earnings?

LGI Homes, Inc. (NASDAQ:LGIH) – Investment analysts at Wedbush issued their FY2025 earnings per share estimates for LGI Homes in a report issued on Thursday, June 5th. Wedbush analyst J. Mccanless anticipates that the financial services provider will post earnings of $6.31 per share for the year. Wedbush currently has a “Neutral” rating and a $93.00 price target on the stock. The consensus estimate for LGI Homes’ current full-year earnings is $8.46 per share.

Separately, JMP Securities reaffirmed a “market outperform” rating and set a $140.00 price target on shares of LGI Homes in a research report on Wednesday, April 30th.

LGI Homes Stock Up 5.0%

Shares of NASDAQ:LGIH opened at $53.85 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. LGI Homes has a 52-week low of $47.79 and a 52-week high of $125.83. The company has a market capitalization of $1.26 billion, a PE ratio of 6.46 and a beta of 1.77. The company has a fifty day moving average of $55.43 and a 200-day moving average of $75.55.

LGI Homes (NASDAQ:LGIH) last issued its quarterly earnings data on Tuesday, April 29th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.29). LGI Homes had a return on equity of 10.32% and a net margin of 8.75%. The firm had revenue of $351.42 million for the quarter, compared to the consensus estimate of $380.07 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The company’s revenue was down 10.1% on a year-over-year basis.

Institutional Investors Weigh In On LGI Homes

Several institutional investors and hedge funds have recently added to or reduced their stakes in LGIH. River Road Asset Management LLC grew its stake in LGI Homes by 30.6% in the 4th quarter. River Road Asset Management LLC now owns 907,923 shares of the financial services provider’s stock valued at $81,168,000 after buying an additional 212,468 shares in the last quarter. Khrom Capital Management LLC grew its position in shares of LGI Homes by 19.4% during the 4th quarter. Khrom Capital Management LLC now owns 1,095,801 shares of the financial services provider’s stock valued at $97,965,000 after purchasing an additional 177,698 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of LGI Homes during the 4th quarter valued at $15,507,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of LGI Homes during the 1st quarter valued at $5,123,000. Finally, Nuveen LLC purchased a new position in shares of LGI Homes during the 1st quarter valued at $4,313,000. Hedge funds and other institutional investors own 84.89% of the company’s stock.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.