LGI Homes (NASDAQ:LGIH) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

LGI Homes (NASDAQ:LGIH) posted its earnings results on Tuesday. The financial services provider reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.16), Zacks reports. The firm had revenue of $557.40 million during the quarter, compared to analyst estimates of $588.56 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.19 earnings per share.

LGI Homes Stock Down 2.3 %

Shares of LGIH opened at $75.99 on Tuesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.54 and a current ratio of 12.72. The company has a 50-day simple moving average of $87.89 and a 200-day simple moving average of $101.12. LGI Homes has a 52 week low of $75.91 and a 52 week high of $125.83. The firm has a market capitalization of $1.79 billion, a P/E ratio of 9.11 and a beta of 2.03.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LGIH. JPMorgan Chase & Co. decreased their price target on shares of LGI Homes from $82.00 to $80.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Wedbush restated a “neutral” rating and set a $115.00 target price (down previously from $125.00) on shares of LGI Homes in a research note on Tuesday, January 7th. Seaport Res Ptn raised LGI Homes from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, JMP Securities reiterated a “market outperform” rating and set a $160.00 price target on shares of LGI Homes in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.33.

About LGI Homes

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.