Brokerages expect LGI Homes Inc (NASDAQ:LGIH) to announce $0.79 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for LGI Homes’ earnings, with the lowest EPS estimate coming in at $0.55 and the highest estimate coming in at $0.92. LGI Homes reported earnings of $1.10 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 28.2%. The business is expected to issue its next earnings results before the market opens on Tuesday, May 7th.

On average, analysts expect that LGI Homes will report full year earnings of $6.93 per share for the current financial year, with EPS estimates ranging from $6.71 to $7.37. For the next year, analysts anticipate that the firm will post earnings of $8.18 per share, with EPS estimates ranging from $7.71 to $8.95. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow LGI Homes.

LGI Homes (NASDAQ:LGIH) last announced its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.75 by ($0.03). LGI Homes had a net margin of 10.32% and a return on equity of 26.36%. The company had revenue of $425.20 million for the quarter, compared to analysts’ expectations of $429.46 million. During the same quarter in the prior year, the firm earned $1.43 EPS. LGI Homes’s quarterly revenue was up 5.0% compared to the same quarter last year.

Several equities analysts recently issued reports on LGIH shares. BidaskClub upgraded shares of LGI Homes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 5th. ValuEngine cut shares of LGI Homes from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. JMP Securities reiterated a “buy” rating and set a $68.00 price target on shares of LGI Homes in a research report on Wednesday, March 6th. Finally, Wells Fargo & Co boosted their price target on shares of LGI Homes from $58.00 to $66.00 and gave the company an “outperform” rating in a research report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $64.90.

Shares of NASDAQ LGIH opened at $66.84 on Friday. LGI Homes has a 1 year low of $37.16 and a 1 year high of $81.88. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.61 and a current ratio of 15.92. The stock has a market cap of $1.52 billion, a P/E ratio of 10.71, a P/E/G ratio of 0.88 and a beta of 0.57.

In other LGI Homes news, CMO Rachel Lyons Eaton sold 1,695 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $57.20, for a total value of $96,954.00. Following the sale, the chief marketing officer now owns 39,967 shares in the company, valued at $2,286,112.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jack Anthony Lipar sold 5,200 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $57.20, for a total transaction of $297,440.00. Following the completion of the sale, the vice president now owns 80,327 shares in the company, valued at approximately $4,594,704.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,111 shares of company stock worth $7,323,237. Corporate insiders own 13.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in LGI Homes by 52.0% in the third quarter. FMR LLC now owns 1,690,144 shares of the financial services provider’s stock worth $80,181,000 after purchasing an additional 577,909 shares during the period. BlackRock Inc. grew its holdings in LGI Homes by 4.4% in the third quarter. BlackRock Inc. now owns 2,839,434 shares of the financial services provider’s stock worth $134,703,000 after purchasing an additional 119,807 shares during the period. Montgomery Investment Management Inc. grew its holdings in LGI Homes by 6.0% in the fourth quarter. Montgomery Investment Management Inc. now owns 93,940 shares of the financial services provider’s stock worth $4,248,000 after purchasing an additional 5,300 shares during the period. Boston Partners grew its holdings in LGI Homes by 293.5% in the fourth quarter. Boston Partners now owns 197,910 shares of the financial services provider’s stock worth $8,949,000 after purchasing an additional 147,610 shares during the period. Finally, Morgan Stanley grew its holdings in LGI Homes by 22.3% in the third quarter. Morgan Stanley now owns 227,658 shares of the financial services provider’s stock worth $10,801,000 after purchasing an additional 41,482 shares during the period. Institutional investors and hedge funds own 94.56% of the company’s stock.

About LGI Homes

LGI Homes, Inc engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, North Carolina, South Carolina, Colorado, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, and Nevada. It offers entry-level homes, such as detached homes and townhomes, and move-up homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name.

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