$340.39 Million in Sales Expected for LGI Homes, Inc. (LGIH) This Quarter

Analysts forecast that LGI Homes, Inc. (NASDAQ:LGIH) will report sales of $340.39 million for the current quarter, according to Zacks. Four analysts have provided estimates for LGI Homes’ earnings, with estimates ranging from $324.38 million to $358.20 million. LGI Homes posted sales of $236.83 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 43.7%. The business is scheduled to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that LGI Homes will report full-year sales of $340.39 million for the current fiscal year, with estimates ranging from $1.18 billion to $1.21 billion. For the next financial year, analysts expect that the business will report sales of $1.46 billion per share, with estimates ranging from $1.38 billion to $1.52 billion. Zacks’ 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 issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.10. LGI Homes had a net margin of 9.26% and a return on equity of 25.51%. The company had revenue of $365.90 million for the quarter, compared to analysts’ expectations of $355.81 million. During the same period in the prior year, the business earned $0.86 EPS. The firm’s quarterly revenue was up 69.2% on a year-over-year basis.

LGIH has been the topic of several recent research reports. BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. J P Morgan Chase & Co cut shares of LGI Homes from an “overweight” rating to a “neutral” rating and set a $49.00 target price on the stock. in a report on Wednesday, August 9th. Deutsche Bank AG increased their target price on shares of LGI Homes from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Zacks Investment Research cut shares of LGI Homes from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 12th. Finally, Wedbush upgraded shares of LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 target price on the stock in a report on Thursday, August 31st. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. LGI Homes presently has a consensus rating of “Buy” and a consensus price target of $54.33.

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In other LGI Homes news, CEO Eric Thomas Lipar sold 25,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $54.27, for a total transaction of $1,356,750.00. Following the completion of the sale, the chief executive officer now directly owns 504,593 shares of the company’s stock, valued at $27,384,262.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Larry Snider sold 3,500 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $45.81, for a total transaction of $160,335.00. Following the sale, the insider now directly owns 191,948 shares of the company’s stock, valued at $8,793,137.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,601 shares of company stock valued at $4,233,916. Insiders own 13.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. raised its position in shares of LGI Homes by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 15,333 shares of the financial services provider’s stock valued at $616,000 after purchasing an additional 40 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of LGI Homes by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in shares of LGI Homes by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 9,000 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 100 shares during the last quarter. California State Teachers Retirement System raised its position in shares of LGI Homes by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 30,595 shares of the financial services provider’s stock valued at $1,229,000 after purchasing an additional 200 shares during the last quarter. Finally, Texas Permanent School Fund raised its position in shares of LGI Homes by 2.3% in the 2nd quarter. Texas Permanent School Fund now owns 12,616 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 289 shares during the last quarter. 88.22% of the stock is owned by hedge funds and other institutional investors.

LGI Homes (LGIH) opened at $63.52 on Friday. The company has a current ratio of 8.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.04. LGI Homes has a 1-year low of $26.82 and a 1-year high of $66.19. The stock has a market cap of $1,380.80, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.27 and a beta of 0.20.

LGI Homes Company Profile

LGI Homes, Inc is a homebuilder and land developer. The Company is engaged in the design, construction, marketing and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, South Carolina, North Carolina, Colorado, Washington and Tennessee. The Company operates through five segments: the Texas division, the Southwest division, the Southeast division, the Florida division and the Northwest division.

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

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