Equities analysts expect LGI Homes Inc (NASDAQ:LGIH) to post $418.96 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $463.30 million and the lowest estimate coming in at $393.64 million. LGI Homes reported sales of $365.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The firm is scheduled to announce its next earnings report on Tuesday, November 6th.
According to Zacks, analysts expect that LGI Homes will report full year sales of $1.56 billion for the current year, with estimates ranging from $1.54 billion to $1.60 billion. For the next financial year, analysts expect that the firm will post sales of $1.86 billion per share, with estimates ranging from $1.68 billion to $1.95 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover LGI Homes.
LGI Homes (NASDAQ:LGIH) last released its quarterly earnings data on Tuesday, August 7th. The financial services provider reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.22. The company had revenue of $419.85 million during the quarter, compared to analysts’ expectations of $414.52 million. LGI Homes had a net margin of 9.81% and a return on equity of 28.50%.
LGIH has been the subject of several research reports. Wedbush lowered their price objective on shares of LGI Homes from $65.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday. BidaskClub cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. Zacks Investment Research cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. Finally, ValuEngine lowered shares of LGI Homes from a “buy” rating to a “hold” rating in a report on Monday, May 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $64.67.
Several large investors have recently bought and sold shares of LGIH. Advisor Group Inc. raised its holdings in shares of LGI Homes by 384.7% in the 4th quarter. Advisor Group Inc. now owns 1,454 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 1,154 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of LGI Homes in the 1st quarter valued at about $126,000. Altium Wealth Management LLC bought a new stake in shares of LGI Homes in the 1st quarter valued at about $200,000. Parametrica Management Ltd bought a new stake in shares of LGI Homes in the 1st quarter valued at about $211,000. Finally, Profund Advisors LLC bought a new stake in shares of LGI Homes in the 1st quarter valued at about $216,000. Institutional investors and hedge funds own 89.85% of the company’s stock.
LGI Homes traded down $0.16, hitting $58.50, during trading hours on Friday, Marketbeat.com reports. The company had a trading volume of 294,914 shares, compared to its average volume of 381,625. The stock has a market cap of $1.33 billion and a price-to-earnings ratio of 12.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 15.32 and a quick ratio of 1.24. LGI Homes has a 1 year low of $40.73 and a 1 year high of $81.88.
About LGI Homes
LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington, Tennessee, and Minnesota markets. It offers entry-level homes, such as detached and townhomes, as well as move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.
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