Equities analysts predict that LGI Homes, Inc. (NASDAQ:LGIH) will post sales of $325.00 million for the current quarter, according to Zacks. Four analysts have issued estimates for LGI Homes’ earnings, with the highest sales estimate coming in at $344.69 million and the lowest estimate coming in at $299.80 million. LGI Homes posted sales of $216.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 50.3%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 14th.

On average, analysts expect that LGI Homes will report full year sales of $325.00 million for the current financial year, with estimates ranging from $1.10 billion to $1.12 billion. For the next fiscal year, analysts expect that the business will report sales of $1.35 billion per share, with estimates ranging from $1.32 billion to $1.37 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.27 by $0.12. LGI Homes had a return on equity of 23.65% and a net margin of 9.22%. The firm had revenue of $324.20 million for the quarter, compared to analyst estimates of $317.63 million. During the same quarter last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 45.6% on a year-over-year basis.

Several equities research analysts have weighed in on LGIH shares. Wedbush upgraded LGI Homes from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a report on Thursday. ValuEngine downgraded LGI Homes from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Deutsche Bank AG upped their price target on 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 downgraded LGI Homes from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Finally, Wells Fargo & Company upgraded LGI Homes from an “underperform” rating to a “market perform” rating and set a $33.00 price target on the stock in a report on Tuesday, May 16th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.00.

Shares of LGI Homes (NASDAQ:LGIH) opened at 44.90 on Monday. The company has a market cap of $970.51 million, a P/E ratio of 11.92 and a beta of 0.08. LGI Homes has a 12 month low of $26.82 and a 12 month high of $49.95. The company’s 50-day moving average price is $44.63 and its 200-day moving average price is $36.24.

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In other news, CEO Eric Thomas Lipar sold 10,000 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $42.59, for a total value of $425,900.00. Following the transaction, the chief executive officer now owns 524,175 shares in the company, valued at approximately $22,324,613.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bryan Christopher Sansbury sold 25,000 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $46.30, for a total value of $1,157,500.00. Following the completion of the transaction, the director now owns 159,551 shares in the company, valued at approximately $7,387,211.30. The disclosure for this sale can be found here. 13.60% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of LGI Homes by 3.9% in the 2nd quarter. BlackRock Inc. now owns 2,493,251 shares of the financial services provider’s stock valued at $100,180,000 after acquiring an additional 92,633 shares during the last quarter. Frontier Capital Management Co. LLC increased its holdings in shares of LGI Homes by 4.3% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,837,651 shares of the financial services provider’s stock valued at $73,837,000 after acquiring an additional 75,115 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of LGI Homes by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 878,551 shares of the financial services provider’s stock valued at $35,299,000 after acquiring an additional 29,296 shares during the last quarter. Neumeier Poma Investment Counsel LLC increased its holdings in shares of LGI Homes by 30.6% in the 1st quarter. Neumeier Poma Investment Counsel LLC now owns 787,550 shares of the financial services provider’s stock valued at $26,706,000 after acquiring an additional 184,750 shares during the last quarter. Finally, Heartland Advisors Inc. increased its holdings in shares of LGI Homes by 3.7% in the 2nd quarter. Heartland Advisors Inc. now owns 727,800 shares of the financial services provider’s stock valued at $29,243,000 after acquiring an additional 25,800 shares during the last quarter. Institutional investors and hedge funds own 93.49% of the company’s stock.

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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